BellRing Brands, Inc. (NYSE:BRBR) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $75.60.

A number of brokerages recently commented on BRBR. Needham & Company LLC reiterated a "buy" rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Truist Financial lifted their target price 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. Bank of America raised their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Stephens raised their price target on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, November 25th. Finally, DA Davidson reissued a "neutral" rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th.

BellRing Brands Stock Performance

NYSE BRBR traded up $0.41 on Wednesday, hitting $77.27. The stock had a trading volume of 1,130,205 shares, compared to its average volume of 1,207,080. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $79.90. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.60 and a beta of 0.86. The firm has a 50-day moving average of $68.46 and a 200-day moving average of $60.39.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. As a group, research analysts anticipate that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRBR. Chartwell Investment Partners LLC raised its holdings in shares of BellRing Brands by 0.8% during the third 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 last quarter. Vanguard Personalized Indexing Management LLC grew its position in BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company's stock valued at $540,000 after buying an additional 242 shares during the period. Hanseatic Management Services Inc. grew its position in BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company's stock valued at $828,000 after buying an additional 263 shares during the period. Fifth Third Bancorp grew its position in BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock valued at $63,000 after buying an additional 374 shares during the period. Finally, Quarry LP grew its position in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after buying an additional 378 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.