Analysts Set BellRing Brands, Inc. (NYSE:BRBR) Price Target at $62.64

BellRing Brands, Inc. (NYSE:BRBR) has received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $62.64.

A number of brokerages have recently commented on BRBR. Stephens reiterated an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th.

Institutional Trading of BellRing Brands

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in BellRing Brands by 2.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares during the period. Hanseatic Management Services Inc. grew its position in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after purchasing an additional 263 shares in the last quarter. Bessemer Group Inc. raised its stake in BellRing Brands by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after purchasing an additional 276 shares during the period. Parallel Advisors LLC raised its stake in BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after purchasing an additional 361 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Down 0.4 %

Shares of BRBR opened at $60.72 on Friday. BellRing Brands has a twelve month low of $39.90 and a twelve month high of $62.76. The company has a market capitalization of $7.92 billion, a P/E ratio of 42.17, a price-to-earnings-growth ratio of 1.51 and a beta of 0.85. The firm has a 50 day moving average of $54.68 and a 200 day moving average of $56.62.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The firm had revenue of $515.40 million during the quarter, compared to analysts’ expectations of $504.73 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 15.6% on a year-over-year basis. On average, sell-side analysts expect that BellRing Brands will post 1.9 EPS 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.