BellRing Brands (NYSE:BRBR) Receives “Equal Weight” Rating from Stephens

Stephens reissued their equal weight rating on shares of BellRing Brands (NYSE:BRBR) in a report released on Tuesday morning,Benzinga reports. They currently have a $75.00 price objective on the stock.

A number of other research analysts have also recently weighed in on BRBR. Mizuho lifted their target price on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup increased their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. DA Davidson restated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Evercore ISI increased their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.53.

BellRing Brands Stock Down 4.1 %

Shares of NYSE:BRBR opened at $75.06 on Tuesday. The company has a market cap of $9.67 billion, a P/E ratio of 40.14, a P/E/G ratio of 2.61 and a beta of 0.86. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $80.67. The business has a fifty day simple moving average of $76.03 and a 200-day simple moving average of $66.06.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. Sell-side analysts expect that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC boosted its holdings in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after acquiring an additional 142 shares in the last quarter. Fifth Third Bancorp boosted its stake in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after purchasing an additional 153 shares in the last quarter. Chartwell Investment Partners LLC increased its position in shares of BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares during the period. CIBC Asset Management Inc raised its stake in shares of BellRing Brands by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 4,048 shares of the company’s stock worth $305,000 after buying an additional 211 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares in the last quarter. 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.