Brokerages Set BellRing Brands Inc. (NYSE:BRBR) Target Price at $19.82

BellRing Brands Inc. (NYSE:BRBR) has earned a consensus rating of “Hold” from the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $19.8214.

A number of research firms have recently issued reports on BRBR. JPMorgan Chase & Co. boosted their target price on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. DA Davidson increased their price target on BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. UBS Group lifted their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in BellRing Brands during the second quarter worth about $42,868,000. River Road Asset Management LLC acquired a new stake in shares of BellRing Brands during the 4th quarter valued at approximately $56,465,000. Amundi boosted its stake in shares of BellRing Brands by 106.4% during the 1st quarter. Amundi now owns 2,255,734 shares of the company’s stock worth $36,295,000 after acquiring an additional 1,162,996 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of BellRing Brands by 125.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company’s stock worth $52,506,000 after acquiring an additional 1,092,328 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of BellRing Brands in the 4th quarter worth approximately $21,488,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Stock Performance

Shares of BRBR opened at $9.12 on Tuesday. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $37.27. The firm has a 50-day simple moving average of $11.25 and a 200-day simple moving average of $12.52. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 5.33 and a beta of 0.43.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The company had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. During the same quarter last year, the firm earned $0.55 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Equities research analysts forecast that BellRing Brands will post 1.03 EPS for the current year.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products, particularly those designed to provide protein and support active lifestyles. Its portfolio is anchored by Premier Protein and Dymatize, which serve consumers through ready-to-drink shakes, protein powders, bars and related nutritional products.

Premier Protein offers protein shakes, powders and bars sold through grocery stores, mass retailers, club stores, drugstores, e-commerce platforms and other channels.