Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Target Price at $79.25

Shares of BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $78.25.

A number of equities research analysts recently issued reports on the stock. Mizuho upped their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. TD Cowen boosted their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Evercore ISI dropped their target price on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th. Finally, Stephens reissued an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th.

Insiders Place Their Bets

In other news, insider Douglas J. Cornille sold 3,192 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now owns 57,836 shares in the company, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert V. Vitale sold 28,453 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock worth $16,917,365 in the last 90 days. 1.07% of the stock is owned by company insiders.

Institutional Trading of BellRing Brands

A number of hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in BellRing Brands in the third quarter worth approximately $338,000. Franklin Resources Inc. boosted its holdings in BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock worth $285,646,000 after purchasing an additional 380,216 shares in the last quarter. GAMMA Investing LLC increased its position in BellRing Brands by 134.5% during the fourth quarter. GAMMA Investing LLC now owns 2,064 shares of the company's stock worth $156,000 after buying an additional 1,184 shares during the last quarter. Everence Capital Management Inc. bought a new position in BellRing Brands during the fourth quarter valued at about $235,000. Finally, Diversified Trust Co acquired a new position in shares of BellRing Brands during the 4th quarter valued at about $260,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

BellRing Brands stock traded down $1.28 during midday trading on Friday, reaching $62.27. 3,630,532 shares of the company traded hands, compared to its average volume of 1,424,742. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $80.67. The business has a 50 day moving average of $72.60 and a two-hundred day moving average of $73.59.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. The business had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The company's revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 EPS. As a group, equities analysts forecast that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has approved a share buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.