BellRing Brands (NYSE:BRBR) Reaches New 1-Year High – Time to Buy?

BellRing Brands, Inc. (NYSE:BRBR)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $80.06 and last traded at $79.66, with a volume of 23184 shares changing hands. The stock had previously closed at $79.17.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BRBR shares. Stephens raised their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Stifel Nicolaus lifted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays lifted their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Bank of America lifted their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $76.67.

BellRing Brands Stock Down 0.5 %

The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 2.57 and a beta of 0.86. The stock has a 50 day moving average of $75.80 and a 200 day moving average of $65.15.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Braun Stacey Associates Inc. acquired a new position in BellRing Brands during the third quarter worth about $18,680,000. AQR Capital Management LLC grew its holdings in shares of BellRing Brands by 72.3% during the second quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock worth $30,419,000 after purchasing an additional 223,430 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of BellRing Brands by 35.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after purchasing an additional 333,287 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of BellRing Brands by 152.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after purchasing an additional 10,117 shares during the last quarter. Finally, Banco Santander S.A. bought a new stake in shares of BellRing Brands during the third quarter worth about $672,000. Institutional investors and hedge funds 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.