BellRing Brands Inc. (NYSE:BRBR) Receives Consensus Rating of “Hold” from Analysts

BellRing Brands Inc. (NYSE:BRBR) has received an average recommendation of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.8214.

BRBR has been the subject of a number of research analyst reports. DA Davidson increased their price target on shares of BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. Barclays boosted their target price on BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their target price on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC increased its holdings in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares in the last quarter. IFP Advisors Inc boosted its position in shares of BellRing Brands by 279.4% in the second quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock worth $51,000 after buying an additional 2,914 shares during the period. Parallel Advisors LLC grew its stake in shares of BellRing Brands by 52.2% in the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock valued at $52,000 after buying an additional 1,109 shares in the last quarter. Nykredit A S acquired a new stake in shares of BellRing Brands in the second quarter valued at about $65,000. Finally, EverSource Wealth Advisors LLC raised its stake 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 valued at $72,000 after purchasing an additional 1,809 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR stock opened at $9.00 on Tuesday. The company’s 50 day moving average price is $11.18 and its 200 day moving average price is $12.49. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 5.26 and a beta of 0.43. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $37.27.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The business had revenue of $570.40 million for the quarter, compared to analysts’ expectations of $548.72 million. During the same period last year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts forecast that BellRing Brands will post 1.03 EPS for the current fiscal year.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products, particularly those designed to provide protein and support active lifestyles. Its portfolio is anchored by Premier Protein and Dymatize, which serve consumers through ready-to-drink shakes, protein powders, bars and related nutritional products.

Premier Protein offers protein shakes, powders and bars sold through grocery stores, mass retailers, club stores, drugstores, e-commerce platforms and other channels.