BellRing Brands, Inc. (NYSE:BRBR) Given Average Rating of “Moderate Buy” by Analysts

BellRing Brands, Inc. (NYSE:BRBR) has been given an average recommendation of “Moderate Buy” by the fifteen research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $77.87.

BRBR has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Truist Financial upped their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Evercore ISI upped their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Mizuho upped their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Finally, Citigroup upped their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th.

BellRing Brands Price Performance

Shares of BRBR stock opened at $72.99 on Monday. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $80.67. The firm has a fifty day moving average price of $75.61 and a 200-day moving average price of $68.58. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. Equities research analysts expect that BellRing Brands will post 2.23 EPS for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the sale, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 203,636 shares of company stock worth $15,581,650 in the last 90 days. 1.07% of the stock is currently owned by corporate insiders.

Institutional Trading of BellRing Brands

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of BellRing Brands by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock valued at $1,012,419,000 after buying an additional 135,105 shares in the last quarter. Wasatch Advisors LP raised its position in shares of BellRing Brands by 8.0% during the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after buying an additional 494,669 shares in the last quarter. Franklin Resources Inc. raised its position in shares of BellRing Brands by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock valued at $344,885,000 after buying an additional 96,991 shares in the last quarter. Invesco Ltd. raised its position in shares of BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company’s stock valued at $321,429,000 after buying an additional 1,121,691 shares in the last quarter. Finally, State Street Corp raised its position in shares of BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after buying an additional 50,339 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, 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.