BellRing Brands (NYSE:BRBR) Sets New 52-Week High - Here's What Happened

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $80.06 and last traded at $79.66, with a volume of 23184 shares changing hands. The stock had previously closed at $79.17.

Analyst Ratings Changes

Several research firms recently weighed in on BRBR. Evercore ISI lifted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Stephens raised their price objective on BellRing Brands from $61.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, Mizuho increased their price target on BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $76.67.

BellRing Brands Stock Performance

The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 41.77, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The company has a 50-day simple moving average of $75.80 and a two-hundred day simple moving average of $65.15.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued 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. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. During the same period in the previous year, the company earned $0.41 earnings per share. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts predict that BellRing Brands, Inc. will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the third quarter worth $31,000. Farther Finance Advisors LLC grew its position in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. raised its position 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 purchasing an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter valued at about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands during the fourth quarter worth about $52,000. Institutional investors 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.