BellRing Brands (NYSE:BRBR) Receives “Equal Weight” Rating from Stephens

BellRing Brands (NYSE:BRBR)‘s stock had its “equal weight” rating reiterated by equities researchers at Stephens in a note issued to investors on Tuesday, Benzinga reports. They presently have a $53.00 target price on the stock. Stephens’ price target points to a potential downside of 8.76% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $62.00 price objective on shares of BellRing Brands in a research report on Tuesday. Morgan Stanley lifted their price target on shares of BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Mizuho upped their price objective 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. Barclays boosted their price target on BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Finally, Citigroup started coverage on BellRing Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $67.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $61.58.

BellRing Brands Stock Down 0.6 %

BRBR opened at $58.09 on Tuesday. The company has a 50 day moving average of $57.88 and a two-hundred day moving average of $54.40. BellRing Brands has a 52-week low of $34.58 and a 52-week high of $62.76. The company has a market cap of $7.61 billion, a P/E ratio of 46.85, a P/E/G ratio of 2.18 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The firm had revenue of $494.60 million during the quarter, compared to the consensus estimate of $467.22 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Research analysts anticipate that BellRing Brands will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in the company. Entropy Technologies LP acquired a new position in BellRing Brands in the first quarter worth $1,106,000. Advisors Preferred LLC bought a new position in shares of BellRing Brands in the 1st quarter worth about $6,779,000. ProShare Advisors LLC boosted its holdings in shares of BellRing Brands by 4.7% in the 1st quarter. ProShare Advisors LLC now owns 30,109 shares of the company’s stock valued at $1,777,000 after buying an additional 1,341 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of BellRing Brands by 73.0% in the 1st quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock valued at $3,374,000 after buying an additional 24,126 shares during the period. Finally, Qsemble Capital Management LP grew its position in shares of BellRing Brands by 218.2% during the 1st quarter. Qsemble Capital Management LP now owns 20,057 shares of the company’s stock valued at $1,184,000 after buying an additional 13,754 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.