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 rating of "Moderate Buy" from the fifteen ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $75.60.

A number of equities analysts recently commented on the company. Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 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 research note on Wednesday, November 20th. Stephens increased their price target on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, November 25th. Barclays lifted their price objective on BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a research report on Thursday, November 21st. Finally, DA Davidson reissued a "neutral" rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP lifted its stake in BellRing Brands by 8.0% during the 3rd 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. boosted its holdings in BellRing Brands by 9.3% in the third quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company's stock worth $285,646,000 after purchasing an additional 380,216 shares during the last quarter. State Street Corp lifted its holdings in shares of BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after buying an additional 50,339 shares during the period. Wellington Management Group LLP boosted its stake 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 worth $167,388,000 after buying an additional 281,667 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company's stock worth $157,202,000 after acquiring an additional 457,796 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Price Performance

BRBR traded down $0.74 during trading on Friday, hitting $76.04. 434,374 shares of the stock traded hands, compared to its average volume of 1,186,871. The firm has a market capitalization of $9.79 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a 50-day moving average of $73.32 and a 200 day moving average of $62.63.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its 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 company had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. BellRing Brands's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, equities analysts predict that BellRing Brands will post 2.16 EPS for the current fiscal year.

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.