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

Shares of BellRing Brands, Inc. (NYSE:BRBRGet Rating) have received a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $31.44.

BRBR has been the topic of several research reports. BMO Capital Markets raised their price objective on BellRing Brands from $33.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, March 11th. Mizuho initiated coverage on BellRing Brands in a report on Wednesday, January 26th. They set a “buy” rating and a $33.00 price objective on the stock. The Goldman Sachs Group reduced their price objective on BellRing Brands from $43.00 to $37.00 and set a “buy” rating on the stock in a report on Wednesday, March 16th. Credit Suisse Group reduced their price objective on BellRing Brands from $28.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, March 16th. Finally, Morgan Stanley cut their price target on BellRing Brands from $32.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday.

Shares of NYSE BRBR opened at $22.04 on Friday. The business’s 50 day moving average price is $24.54 and its 200-day moving average price is $25.22. BellRing Brands has a fifty-two week low of $20.36 and a fifty-two week high of $34.19. The company has a market cap of $857.09 million, a price-to-earnings ratio of 30.61, a PEG ratio of 1.42 and a beta of 0.96.

BellRing Brands (NYSE:BRBRGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. BellRing Brands had a negative return on equity of 1.30% and a net margin of 2.20%. The firm had revenue of $306.50 million for the quarter, compared to the consensus estimate of $301.26 million. During the same period in the prior year, the business posted $0.23 earnings per share. Research analysts expect that BellRing Brands will post 1.09 EPS for the current year.

Several institutional investors have recently bought and sold shares of BRBR. CWM LLC acquired a new stake in shares of BellRing Brands in the 1st quarter worth $37,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of BellRing Brands in the 3rd quarter worth $73,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of BellRing Brands in the 4th quarter worth $103,000. Royal Bank of Canada boosted its position in shares of BellRing Brands by 54.1% in the 3rd quarter. Royal Bank of Canada now owns 4,200 shares of the company’s stock worth $129,000 after purchasing an additional 1,474 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of BellRing Brands by 410.0% in the 3rd quarter. UBS Group AG now owns 4,478 shares of the company’s stock worth $138,000 after purchasing an additional 3,600 shares in the last quarter.

BellRing Brands Company Profile (Get Rating)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Analyst Recommendations for BellRing Brands (NYSE:BRBR)

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