BellRing Brands Inc. (NYSE:BRBR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) has received an average recommendation of "Moderate Buy" from the sixteen brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $76.19.

A number of equities research analysts recently issued reports on the stock. Mizuho decreased their price objective on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Evercore ISI reduced 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, May 7th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. UBS Group reduced their price objective on shares of BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Morgan Stanley assumed coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 price target for the company.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $57.66, for a total value of $92,256.00. Following the completion of the sale, the chief executive officer owned 198,778 shares of the company's stock, valued at approximately $11,461,539.48. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 9,600 shares of company stock worth $570,128 over the last ninety days. Insiders own 1.07% of the company's stock.

Hedge Funds Weigh In On BellRing Brands

Large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC grew its position in BellRing Brands by 21.3% in the second quarter. HB Wealth Management LLC now owns 4,021 shares of the company's stock valued at $233,000 after purchasing an additional 705 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in BellRing Brands by 5.5% in the second quarter. Janney Montgomery Scott LLC now owns 19,611 shares of the company's stock valued at $1,136,000 after purchasing an additional 1,027 shares in the last quarter. Independence Bank of Kentucky grew its stake in BellRing Brands by 91.5% in the second quarter. Independence Bank of Kentucky now owns 22,634 shares of the company's stock valued at $1,311,000 after purchasing an additional 10,814 shares in the last quarter. TD Private Client Wealth LLC grew its stake in BellRing Brands by 1,187.9% in the second quarter. TD Private Client Wealth LLC now owns 2,022 shares of the company's stock valued at $117,000 after purchasing an additional 1,865 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of BellRing Brands in the second quarter valued at $25,000. Institutional investors own 94.97% of the company's stock.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded down $0.07 during trading hours on Thursday, hitting $57.18. 2,860,713 shares of the company's stock traded hands, compared to its average volume of 1,409,171. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $80.67. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 26.59, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. The company's fifty day simple moving average is $60.60 and its two-hundred day simple moving average is $69.13.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. During the same quarter last year, the business posted $0.45 EPS. The company's revenue was up 18.9% on a year-over-year basis. On average, analysts anticipate that BellRing Brands will post 2.23 EPS for the current fiscal year.

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.