BellRing Brands, Inc. (NYSE:BRBR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $57.62.

BRBR has been the subject of a number of analyst reports. Stephens reiterated an “equal weight” rating and set a $51.00 target price on shares of BellRing Brands in a research note on Tuesday, February 6th. Stifel Nicolaus boosted their price target on shares of BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Mizuho boosted their price target on shares of BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Morgan Stanley upped their target price on shares of BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, Needham & Company LLC upped their target price on shares of BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, February 6th.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its holdings in BellRing Brands by 0.8% during the third quarter. Arizona State Retirement System now owns 37,813 shares of the company’s stock worth $1,559,000 after purchasing an additional 295 shares in the last quarter. Spire Wealth Management grew its position in BellRing Brands by 40.0% during the fourth quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after buying an additional 300 shares during the period. Parallel Advisors LLC grew its position in BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after buying an additional 361 shares during the period. Allworth Financial LP grew its position in BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after buying an additional 375 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in BellRing Brands by 0.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,764 shares of the company’s stock worth $2,835,000 after buying an additional 494 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Trading Up 2.1 %

Shares of BRBR stock opened at $55.11 on Tuesday. The firm has a fifty day moving average price of $57.84 and a 200 day moving average price of $53.37. The company has a market cap of $7.22 billion, a P/E ratio of 44.44, a PEG ratio of 2.05 and a beta of 0.83. BellRing Brands has a 12 month low of $34.58 and a 12 month high of $62.76.

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

BellRing Brands Company Profile

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.