BellRing Brands, Inc. (NYSE:BRBR) Receives $57.62 Consensus Target Price from Analysts

BellRing Brands, Inc. (NYSE:BRBR) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $57.62.

BRBR has been the topic of a number of research analyst reports. TD Cowen initiated coverage on shares of BellRing Brands in a research note on Monday. They set a “buy” rating and a $64.00 price objective on the stock. Truist Financial downgraded shares of BellRing Brands from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, January 3rd. Mizuho increased their price objective on shares of BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Morgan Stanley raised their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Finally, Needham & Company LLC raised their price target on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th.

BellRing Brands Trading Down 0.6 %

BRBR opened at $55.26 on Tuesday. The company has a fifty day simple moving average of $57.68 and a 200 day simple moving average of $53.50. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 44.56, a PEG ratio of 2.13 and a beta of 0.83. BellRing Brands has a twelve month low of $34.58 and a twelve month high of $62.76.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The firm had revenue of $430.40 million for the quarter, compared to the consensus estimate of $407.91 million. On average, analysts forecast that BellRing Brands will post 1.67 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total value of $57,810.00. Following the sale, the director now directly owns 24,646 shares in the company, valued at approximately $1,424,785.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

Institutional Trading of BellRing Brands

Hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in BellRing Brands during the 4th quarter valued at about $91,936,000. Franklin Resources Inc. increased its stake in BellRing Brands by 60.3% during the 4th quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock valued at $203,239,000 after buying an additional 1,379,138 shares during the period. Invesco Ltd. increased its stake in BellRing Brands by 50.9% during the 3rd quarter. Invesco Ltd. now owns 2,687,684 shares of the company’s stock valued at $110,813,000 after buying an additional 906,559 shares during the period. Lord Abbett & CO. LLC increased its stake in BellRing Brands by 273.5% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,074,396 shares of the company’s stock valued at $44,298,000 after buying an additional 786,756 shares during the period. Finally, American Century Companies Inc. acquired a new position in BellRing Brands during the 3rd quarter valued at about $23,552,000. 94.97% of the stock is currently owned by institutional investors.

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.