BellRing Brands Inc. (NYSE:BRBR) Stock Has Average Price Target of $18.57

Key Points

• Analyst sentiment is mixed: BellRing Brands has a consensus “Hold” rating from 19 analysts—10 Buy, 7 Hold and 2 Sell—with an average 12-month price target of $18.57.
• Shares opened at $9.40, well below the 12-month high of $33.56 and closer to the low of $7.33; institutional investors own about 95% of the stock.
• In its latest reported quarter, BellRing’s $0.30 EPS missed the $0.37 consensus, while revenue of $570.4 million topped estimates and grew 4.2% year over year.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) has been assigned a consensus rating of "Hold" from the nineteen research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.57.

A number of analysts have weighed in on the company. UBS Group set a $9.50 price target on BellRing Brands in a research note on Thursday, October 15th. BNP Paribas Exane assumed coverage on BellRing Brands in a research report on Friday, October 9th. They set an "outperform" rating and a $12.00 price objective for the company. TD Cowen lowered their price objective on BellRing Brands from $12.00 to $9.00 and set a "hold" rating for the company in a research report on Tuesday, October 13th. JPMorgan Chase & Co. dropped their price objective on BellRing Brands from $18.00 to $15.00 and set an "overweight" rating on the stock in a report on Tuesday, October 27th. Finally, Stephens reissued an "overweight" rating and set a $20.00 target price on shares of BellRing Brands in a research report on Thursday, July 9th.

Institutional Trading of BellRing Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in BellRing Brands by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company's stock worth $52,000 after buying an additional 1,109 shares during the last quarter. IFP Advisors Inc grew its position in shares of BellRing Brands by 279.4% during 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 last quarter. EverSource Wealth Advisors LLC grew its position in shares of BellRing Brands by 67.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company's stock worth $72,000 after acquiring an additional 1,809 shares during the last quarter. Versant Capital Management Inc boosted its stake in BellRing Brands by 336.0% during the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company's stock worth $36,000 after purchasing an additional 3,578 shares during the period. Finally, Nykredit A S acquired a new stake in BellRing Brands during the 2nd quarter worth $65,000. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Trading Down 0.5%

Shares of BRBR opened at $9.40 on Wednesday. BellRing Brands has a twelve month low of $7.33 and a twelve month high of $33.56. The firm's fifty day simple moving average is $9.09 and its 200-day simple moving average is $13.25. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.62, a PEG ratio of 4.49 and a beta of 0.47.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $570.40 million for the quarter, compared to analysts' expectations of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. BellRing Brands's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. On average, analysts predict that BellRing Brands will post 1.02 earnings per share for the current fiscal year.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.

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