BellRing Brands (NYSE:BRBR) Stock Rating Reaffirmed by Needham & Company LLC

BellRing Brands (NYSE:BRBR)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $62.00 price target on the stock. Needham & Company LLC’s target price suggests a potential upside of 6.73% from the company’s previous close.

BRBR has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on BellRing Brands from $60.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Stephens restated an “equal weight” rating and set a $51.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 6th. Mizuho upped their target price on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Barclays boosted their price target on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, Citigroup assumed coverage on shares of BellRing Brands in a research report on Thursday, February 1st. They set a “buy” rating and a $67.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $61.58.

BellRing Brands Trading Down 0.6 %

BellRing Brands stock opened at $58.09 on Tuesday. The company has a market capitalization of $7.61 billion, a PE ratio of 46.85, a P/E/G ratio of 2.18 and a beta of 0.85. The stock has a 50-day moving average price of $57.88 and a two-hundred day moving average price of $54.40. 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 quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The business had revenue of $494.60 million during the quarter, compared to analyst estimates of $467.22 million. During the same quarter last year, the business earned $0.24 EPS. The firm’s quarterly revenue was up 28.3% on a year-over-year basis. As a group, analysts predict that BellRing Brands will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in BellRing Brands by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock valued at $736,151,000 after acquiring an additional 155,252 shares in the last quarter. FMR LLC lifted its holdings in shares of BellRing Brands by 1.9% in the third quarter. FMR LLC now owns 4,524,052 shares of the company’s stock valued at $186,527,000 after purchasing an additional 84,750 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of BellRing Brands by 60.3% during the fourth quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock valued at $203,239,000 after buying an additional 1,379,138 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in BellRing Brands by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,794,535 shares of the company’s stock worth $154,903,000 after buying an additional 9,170 shares in the last quarter. Finally, Invesco Ltd. raised its position in BellRing Brands by 50.9% in the 3rd quarter. Invesco Ltd. now owns 2,687,684 shares of the company’s stock valued at $110,813,000 after buying an additional 906,559 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

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.