BellRing Brands, Inc. (NYSE:BRBR) Receives $76.67 Average PT from Brokerages

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $76.67.

BRBR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Mizuho boosted their target price on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Citigroup boosted their target price on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Bank of America boosted their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th.

BellRing Brands Trading Up 4.1 %

BRBR stock opened at $79.13 on Thursday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.57 and a beta of 0.86. The business’s 50-day moving average is $75.69 and its 200 day moving average is $64.98.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same period in the previous year, the firm posted $0.41 EPS. BellRing Brands’s revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts forecast that BellRing Brands will post 2.16 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRBR. Holocene Advisors LP purchased a new stake in BellRing Brands in the third quarter valued at approximately $69,998,000. D. E. Shaw & Co. Inc. raised its position in BellRing Brands by 135.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after purchasing an additional 847,161 shares during the period. Assenagon Asset Management S.A. raised its position in BellRing Brands by 200.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock valued at $74,781,000 after purchasing an additional 661,774 shares during the period. Squarepoint Ops LLC raised its position in BellRing Brands by 665.2% in the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after purchasing an additional 545,371 shares during the period. Finally, E. Ohman J or Asset Management AB purchased a new stake in BellRing Brands in the third quarter valued at approximately $30,753,000. Hedge funds and other 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.