BellRing Brands (NYSE:BRBR) Rating Reiterated by Stephens

BellRing Brands (NYSE:BRBR - Get Free Report)'s stock had its "equal weight" rating reaffirmed by equities research analysts at Stephens in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $53.00 target price on the stock. Stephens' price objective points to a potential downside of 9.31% from the stock's current price.

BRBR has been the subject of a number of other reports. Citigroup initiated coverage on BellRing Brands in a report on Thursday, February 1st. They issued a "buy" rating and a $67.00 target price for the company. Morgan Stanley increased their target price on BellRing Brands from $61.00 to $65.00 and gave the stock an "overweight" rating in a report on Thursday, March 7th. Barclays increased their target price on BellRing Brands from $56.00 to $62.00 and gave the stock an "overweight" rating in a report on Thursday, February 8th. Needham & Company LLC reissued a "buy" rating and issued a $62.00 target price on shares of BellRing Brands in a report on Tuesday. Finally, Stifel Nicolaus increased their target price on BellRing Brands from $60.00 to $63.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.08.

BellRing Brands Trading Up 2.2 %

NYSE:BRBR traded up $1.26 during mid-day trading on Tuesday, hitting $58.44. 2,445,088 shares of the company's stock traded hands, compared to its average volume of 1,221,221. The firm has a 50 day moving average of $57.88 and a two-hundred day moving average of $54.40. BellRing Brands has a 12 month low of $34.58 and a 12 month high of $62.76. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 47.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.85.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. The firm had revenue of $494.60 million during the quarter, compared to analysts' expectations of $467.22 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The company's revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. As a group, equities research analysts expect that BellRing Brands will post 1.67 earnings per share for the current year.

Insider Activity at BellRing Brands

In other news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the sale, the director now directly owns 24,646 shares of the company's stock, valued at approximately $1,424,785.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of BellRing Brands during the first quarter worth $32,000. Parallel Advisors LLC grew its stake in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company's stock worth $33,000 after purchasing an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of BellRing Brands during the first quarter worth $37,000. Allworth Financial LP grew its stake in shares of BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company's stock worth $42,000 after purchasing an additional 375 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of BellRing Brands during the fourth quarter worth $44,000. 94.97% of the stock is owned by institutional investors and hedge funds.

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.