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

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fifteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $77.87.

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Bank of America raised their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Barclays raised their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Stephens restated an "equal weight" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, Citigroup raised their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th.

Insider Buying and Selling at BellRing Brands

In related news, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 156,870 shares of company stock worth $12,087,294 in the last quarter. 1.07% of the stock is owned by insiders.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. AQR Capital Management LLC lifted its holdings in shares of BellRing Brands by 284.2% during the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock valued at $171,663,000 after acquiring an additional 1,685,525 shares in the last quarter. Norges Bank acquired a new position in shares of BellRing Brands during the 4th quarter valued at $114,185,000. Holocene Advisors LP acquired a new position in shares of BellRing Brands during the 3rd quarter valued at $69,998,000. Invesco Ltd. lifted its holdings in shares of BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock valued at $321,429,000 after acquiring an additional 1,121,691 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in BellRing Brands by 32.6% during the 4th quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company's stock worth $275,413,000 after buying an additional 898,885 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Stock Down 0.0 %

Shares of BRBR traded down $0.02 during mid-day trading on Monday, reaching $77.38. 759,483 shares of the company's stock were exchanged, compared to its average volume of 1,135,125. The company has a 50-day simple moving average of $75.79 and a two-hundred day simple moving average of $68.16. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.32 and a beta of 0.86.

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 analysts' consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, equities research analysts predict that BellRing Brands will post 2.23 EPS for the current fiscal year.

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.