BellRing Brands, Inc. (NYSE:BRBR) Receives $75.60 Average PT from Analysts

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus rating of “Moderate Buy” from the fifteen research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $75.60.

A number of analysts have recently weighed in on the company. Truist Financial upped their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Bank of America boosted their price target on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reiterated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Barclays boosted their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. Finally, Evercore ISI upped their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently added to or reduced their stakes in BRBR. V Square Quantitative Management LLC bought a new stake in BellRing Brands in the third quarter valued at $31,000. Farther Finance Advisors LLC grew its stake in shares of BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the period. Truvestments Capital LLC bought a new stake in BellRing Brands in the 3rd quarter valued at about $44,000. Quarry LP raised its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after buying an additional 378 shares during the period. Finally, Assetmark Inc. boosted its holdings in BellRing Brands by 53.9% in the third quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock worth $118,000 after acquiring an additional 682 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $75.20 on Friday. The business has a 50-day moving average of $74.32 and a 200-day moving average of $63.27. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 40.21, a PEG ratio of 2.59 and a beta of 0.86. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.41 earnings per share. On average, sell-side analysts expect that BellRing Brands will post 2.16 EPS for the current year.

About BellRing Brands

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.