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

BellRing Brands Inc. (NYSE:BRBR) has received an average rating of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $42.5333.

A number of equities analysts recently weighed in on BRBR shares. TD Cowen restated a “hold” rating and set a $31.00 price target (down from $37.00) on shares of BellRing Brands in a research report on Thursday, November 20th. Stifel Nicolaus lowered their target price on BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Sanford C. Bernstein assumed coverage on BellRing Brands in a research report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price target for the company. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Finally, Cowen lowered BellRing Brands from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th.

BellRing Brands Stock Performance

Shares of BRBR opened at $31.92 on Friday. The stock has a 50 day moving average price of $31.15 and a 200 day moving average price of $42.71. BellRing Brands has a one year low of $22.45 and a one year high of $80.67. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 4.27 and a beta of 0.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The firm had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $633.21 million. During the same quarter in the previous year, the business posted $0.51 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, analysts predict that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands announced that its board has initiated a stock buyback program on Tuesday, September 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,970 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.93, for a total value of $122,792.10. Following the completion of the sale, the insider owned 54,812 shares of the company’s stock, valued at $1,695,335.16. This represents a 6.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.07% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Maseco LLP acquired a new position in BellRing Brands in the second quarter valued at about $25,000. Smartleaf Asset Management LLC raised its stake 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 acquiring an additional 310 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after acquiring an additional 419 shares during the last quarter. Danske Bank A S purchased a new position in shares of BellRing Brands during the 3rd quarter worth approximately $29,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in BellRing Brands by 287.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $65,000 after purchasing an additional 649 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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.