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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $77.63.

Several research analysts have recently issued reports on the stock. Evercore ISI cut their target price on shares of BellRing Brands from $90.00 to $82.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Mizuho boosted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Stephens reiterated an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Truist Financial dropped their price target on shares of BellRing Brands from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. Finally, Barclays set a $75.00 price target on shares of BellRing Brands and gave the company an “overweight” rating in a report on Wednesday, May 7th.

Insider Activity

In related news, insider Douglas J. Cornille sold 3,192 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the completion of the transaction, the insider now directly owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This trade represents a 5.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its stake in shares of BellRing Brands by 1,742.9% in the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock worth $29,000 after buying an additional 366 shares in the last quarter. TCTC Holdings LLC lifted its holdings in BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after buying an additional 190 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after buying an additional 340 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of BellRing Brands by 149.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 310 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Stock Down 1.3%

NYSE BRBR opened at $60.87 on Wednesday. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $80.67. The company has a market cap of $7.73 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The firm’s 50-day simple moving average is $70.78 and its two-hundred day simple moving average is $73.23.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The business had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $577.56 million. During the same period last year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 18.9% on a year-over-year basis. As a group, equities research analysts anticipate that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands announced that its Board of Directors has approved a stock buyback plan on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.