BellRing Brands (NYSE:BRBR) Hits New 12-Month High - Should You Buy?

Shares of BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $67.53 and last traded at $67.41, with a volume of 132041 shares changing hands. The stock had previously closed at $65.83.

Wall Street Analyst Weigh In

Several research firms have weighed in on BRBR. Needham & Company LLC restated a "buy" rating and set a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Stephens reissued an "equal weight" rating and issued a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. JPMorgan Chase & Co. decreased their target price on BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Barclays lifted their price target on shares of BellRing Brands from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Friday, October 11th. Finally, Bank of America raised their target price on shares of BellRing Brands from $67.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.71.

BellRing Brands Price Performance

The firm has a market cap of $8.62 billion, a P/E ratio of 39.94, a PEG ratio of 1.56 and a beta of 0.85. The stock's 50 day moving average is $60.88 and its two-hundred day moving average is $57.56.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.10. The business had revenue of $515.40 million during the quarter, compared to analysts' expectations of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. BellRing Brands's quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. As a group, research analysts forecast that BellRing Brands, Inc. will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in BRBR. State of Michigan Retirement System raised its stake in shares of BellRing Brands by 1.9% in the first quarter. State of Michigan Retirement System now owns 32,145 shares of the company's stock valued at $1,898,000 after acquiring an additional 600 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in BellRing Brands in the first quarter worth $524,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of BellRing Brands by 1.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,791 shares of the company's stock worth $4,238,000 after purchasing an additional 893 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of BellRing Brands in the first quarter valued at $428,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of BellRing Brands in the first quarter valued at about $335,000. Institutional investors and hedge funds own 94.97% of the company's stock.

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.