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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $75.60.

BRBR has been the topic of a number of recent analyst reports. Bank of America upped their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Citigroup lifted their target price on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

BellRing Brands Stock Performance

Shares of BRBR opened at $75.20 on Friday. BellRing Brands has a one year low of $48.06 and a one year high of $79.90. The stock has a 50-day moving average price of $74.32 and a 200 day moving average price of $63.27. The company has a market capitalization of $9.68 billion, a P/E ratio of 40.21, a P/E/G ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping 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 net margin of 12.35% and a negative return on equity of 103.89%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. As a group, equities research analysts forecast that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Institutional Trading of BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in BRBR. Wasatch Advisors LP grew its stake in BellRing Brands by 8.0% in the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after acquiring an additional 494,669 shares during the period. Franklin Resources Inc. lifted its holdings in shares of BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock valued at $285,646,000 after purchasing an additional 380,216 shares in the last quarter. State Street Corp grew its position in shares of BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after purchasing an additional 50,339 shares during the period. Wellington Management Group LLP grew its position in shares of BellRing Brands by 11.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock valued at $167,388,000 after purchasing an additional 281,667 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in BellRing Brands by 21.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock worth $157,202,000 after purchasing an additional 457,796 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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.