BellRing Brands (NYSE:BRBR) Coverage Initiated by Analysts at UBS Group

Analysts at UBS Group started coverage on shares of BellRing Brands (NYSE:BRBR - Get Free Report) in a report released on Wednesday,Benzinga reports. The brokerage set a "neutral" rating and a $81.00 price target on the stock. UBS Group's target price indicates a potential upside of 7.53% from the stock's previous close.

Other equities research analysts have also issued reports about the company. Barclays increased their price target on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Citigroup raised their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Mizuho upped their price objective on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Stephens reiterated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, TD Cowen boosted their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $79.25.

BellRing Brands Trading Up 3.2 %

Shares of NYSE BRBR opened at $75.33 on Wednesday. The firm's 50-day moving average price is $72.43 and its 200-day moving average price is $72.81. The firm has a market capitalization of $9.66 billion, a P/E ratio of 35.36, a P/E/G ratio of 2.24 and a beta of 0.78. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $80.67.

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

BellRing Brands announced that its board has authorized a share repurchase plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,192 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the transaction, the insider now owns 57,836 shares in the company, valued at $4,345,218.68. The trade was a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert V. Vitale sold 5,100 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares of the company's stock, valued at $87,851,832.30. The trade was a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 221,828 shares of company stock worth $16,917,365 in the last ninety days. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. TT International Asset Management LTD bought a new position in BellRing Brands in the first quarter worth about $1,828,000. Friedenthal Financial purchased a new position in shares of BellRing Brands in the 1st quarter valued at approximately $890,000. State of Alaska Department of Revenue boosted its position in shares of BellRing Brands by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 15,028 shares of the company's stock valued at $1,118,000 after purchasing an additional 290 shares in the last quarter. Wolf Group Capital Advisors purchased a new stake in BellRing Brands in the first quarter worth $1,201,000. Finally, Janney Montgomery Scott LLC raised its holdings in BellRing Brands by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock worth $1,384,000 after purchasing an additional 4,461 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.