BellRing Brands Inc. (NYSE:BRBR) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on BellRing Brands, with nine buy ratings, eight holds and one sell among 18 analysts. The average 12-month price target is $19.82.
• BellRing reported quarterly revenue of $570.4 million, exceeding estimates, but adjusted earnings of $0.30 per share fell short of the $0.37 consensus; revenue increased 4.2% year over year.
• Shares opened at $9.22, well below their 50-day and 200-day moving averages, while institutional investors own nearly 95% of the company’s stock.

Shares of BellRing Brands Inc. (NYSE:BRBR - Get Free Report) have been given an average rating of "Hold" by the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.8214.

Several research analysts have issued reports on BRBR shares. Stephens reaffirmed an "overweight" rating and issued a $20.00 price target on shares of BellRing Brands in a report on Thursday, July 9th. DA Davidson increased their price target on BellRing Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Stifel Nicolaus lifted their price target on BellRing Brands from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. TD Cowen boosted their price objective on BellRing Brands from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Finally, Zacks Research raised shares of BellRing Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th.

BellRing Brands Trading Up 0.9%

NYSE:BRBR opened at $9.22 on Tuesday. The company has a 50-day moving average of $11.49 and a 200-day moving average of $12.72. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 6.49, a price-to-earnings-growth ratio of 5.36 and a beta of 0.43. BellRing Brands has a twelve month low of $7.82 and a twelve month high of $38.33.

BellRing Brands (NYSE:BRBR - Get Free Report) last released 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). The business had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. On average, research analysts forecast that BellRing Brands will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of BellRing Brands during the 2nd quarter valued at about $42,868,000. BNP Paribas Financial Markets increased its holdings in BellRing Brands by 125.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company's stock worth $52,506,000 after buying an additional 1,092,328 shares during the last quarter. Bank of America Corp DE increased its holdings in BellRing Brands by 25.0% in the first quarter. Bank of America Corp DE now owns 1,248,761 shares of the company's stock worth $20,093,000 after buying an additional 250,144 shares during the last quarter. River Road Asset Management LLC bought a new position in BellRing Brands during the fourth quarter valued at approximately $56,465,000. Finally, Y Intercept Hong Kong Ltd raised its position in BellRing Brands by 154.6% during the first quarter. Y Intercept Hong Kong Ltd now owns 444,048 shares of the company's stock valued at $7,145,000 after acquiring an additional 269,644 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products, particularly those designed to provide protein and support active lifestyles. Its portfolio is anchored by Premier Protein and Dymatize, which serve consumers through ready-to-drink shakes, protein powders, bars and related nutritional products.

Premier Protein offers protein shakes, powders and bars sold through grocery stores, mass retailers, club stores, drugstores, e-commerce platforms and other channels.

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