BellRing Brands Inc. (NYSE:BRBR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $76.69.

A number of equities analysts recently commented on BRBR shares. Morgan Stanley assumed coverage on BellRing Brands in a report on Monday, March 24th. They issued an “overweight” rating and a $84.00 target price on the stock. Evercore ISI reduced their price target on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th. UBS Group lowered their price objective on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Truist Financial cut their price objective on BellRing Brands from $65.00 to $60.00 and set a “hold” rating for the company in a research note on Wednesday, July 2nd. Finally, Citigroup decreased their target price on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th.

Insider Activity at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $57.66, for a total value of $92,256.00. Following the sale, the chief executive officer directly owned 198,778 shares of the company’s stock, valued at approximately $11,461,539.48. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 9,600 shares of company stock worth $570,128. 1.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently added to or reduced their stakes in BRBR. Maseco LLP bought a new position in shares of BellRing Brands during the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc raised its stake in BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. TCTC Holdings LLC raised its stake in BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after purchasing an additional 190 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of BellRing Brands by 283.3% in the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock worth $34,000 after buying an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR stock opened at $57.24 on Thursday. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.78 and a beta of 0.70. The business’s 50-day moving average is $60.60 and its two-hundred day moving average is $69.13. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities analysts predict that BellRing Brands will post 2.23 earnings per share 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.