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

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $78.79.

A number of analysts have recently commented on BRBR shares. Mizuho boosted their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. TD Cowen lifted their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Stifel Nicolaus increased their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Stephens reaffirmed an "equal weight" rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Barclays increased their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 4th.

BellRing Brands Stock Up 2.6 %

NYSE BRBR traded up $1.77 during trading hours on Friday, hitting $69.25. 1,256,360 shares of the company were exchanged, compared to its average volume of 1,127,124. The company has a 50 day moving average of $73.70 and a two-hundred day moving average of $70.12. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.24 and a beta of 0.85. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $80.67.

Remove Ads

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, equities research analysts predict that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands announced that its Board of Directors has authorized a share buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 3.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other BellRing Brands news, Director Robert V. Vitale sold 44,249 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the sale, the director now directly owns 938,457 shares in the company, valued at approximately $72,608,418.09. The trade was a 4.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company's stock.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in BellRing Brands by 69.4% in 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. Colonial Trust Co SC purchased a new position in BellRing Brands in the 4th quarter valued at approximately $44,000. Farther Finance Advisors LLC increased its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after purchasing an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands during the fourth quarter worth $52,000. Finally, Truvestments Capital LLC purchased a new stake in BellRing Brands during the third quarter worth $44,000. 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.