BellRing Brands Inc. (BRBR) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is mixed: Nineteen analysts have an average “Hold” rating on BellRing Brands, with 10 buys, eight holds and one sell. The average 12-month price target is $19.30.
• BellRing reported quarterly EPS of $0.30, below the $0.37 consensus estimate, while revenue rose 4.2% year over year to $570.4 million and exceeded expectations.
• The stock opened at $8.52, near the lower end of its 52-week range, and institutional investors own approximately 94.97% of outstanding shares.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) has received an average rating of "Hold" from the nineteen analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.30.

Several research analysts recently issued reports on BRBR shares. UBS Group increased their price objective on BellRing Brands from $12.00 to $13.50 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Barclays boosted their price target on shares of BellRing Brands from $13.00 to $14.00 and gave the company an "overweight" rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their price objective on shares of BellRing Brands from $13.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Stephens restated an "overweight" rating and set a $20.00 target price on shares of BellRing Brands in a report on Thursday, July 9th. Finally, TD Cowen increased their target price on BellRing Brands from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th.

BellRing Brands Price Performance

BellRing Brands stock opened at $8.52 on Friday. The stock has a market cap of $990.12 million, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 3.68 and a beta of 0.43. BellRing Brands has a 1 year low of $7.33 and a 1 year high of $35.67. The firm has a 50-day moving average of $9.78 and a two-hundred day moving average of $11.50.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The company had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. BellRing Brands's revenue was up 4.2% on a year-over-year basis. Research analysts expect that BellRing Brands will post 1.03 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently added to or reduced their stakes in BRBR. Leonteq Securities AG grew its stake in BellRing Brands by 11.3% during the 1st quarter. Leonteq Securities AG now owns 9,627 shares of the company's stock valued at $155,000 after purchasing an additional 976 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of BellRing Brands by 52.2% in the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company's stock valued at $52,000 after acquiring an additional 1,109 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of BellRing Brands by 67.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company's stock valued at $72,000 after acquiring an additional 1,809 shares during the last quarter. IFP Advisors Inc increased its stake in shares of BellRing Brands by 279.4% in the second quarter. IFP Advisors Inc now owns 3,957 shares of the company's stock worth $51,000 after acquiring an additional 2,914 shares during the period. Finally, Handelsbanken Fonder AB raised its holdings in shares of BellRing Brands by 8.1% during the second quarter. Handelsbanken Fonder AB now owns 46,580 shares of the company's stock worth $603,000 after purchasing an additional 3,500 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing's principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.

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