Analysts Set BellRing Brands, Inc. (NYSE:BRBR) PT at $62.86

Shares of BellRing Brands, Inc. (NYSE:BRBR) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $65.36.

BRBR has been the topic of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Stephens reaffirmed an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Truist Financial boosted their price target on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, Bank of America raised their price objective on BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday.

BellRing Brands Trading Up 0.3 %

Shares of NYSE:BRBR opened at $65.61 on Tuesday. The company has a 50 day moving average of $58.74 and a 200 day moving average of $56.98. The stock has a market cap of $8.56 billion, a P/E ratio of 45.56, a P/E/G ratio of 1.48 and a beta of 0.85. BellRing Brands has a 12 month low of $42.54 and a 12 month high of $67.12.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm had revenue of $515.40 million during the quarter, compared to analyst estimates of $504.73 million. During the same period in the previous year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities analysts forecast that BellRing Brands will post 1.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of BellRing Brands by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock worth $736,151,000 after purchasing an additional 155,252 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in BellRing Brands in the fourth quarter worth about $3,331,000. NBC Securities Inc. lifted its holdings in BellRing Brands by 435.2% in the first quarter. NBC Securities Inc. now owns 1,932 shares of the company’s stock worth $114,000 after buying an additional 1,571 shares during the period. First Hawaiian Bank bought a new stake in BellRing Brands during the 1st quarter valued at approximately $375,000. Finally, Rise Advisors LLC bought a new position in shares of BellRing Brands in the 1st quarter worth approximately $32,000. 94.97% of the stock is owned by hedge funds and other 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.