Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Price Target at $62.86

Shares of BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) have earned an average rating of "Moderate Buy" from the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $64.64.

BRBR has been the subject of several research analyst reports. Bank of America upped their target price on BellRing Brands from $67.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. Barclays upped their price objective on shares of BellRing Brands from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on BellRing Brands from $67.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, July 25th. Finally, Needham & Company LLC restated a "buy" rating and issued a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th.

BellRing Brands Stock Performance

NYSE BRBR traded up $2.08 during mid-day trading on Tuesday, reaching $65.83. 1,342,090 shares of the stock were exchanged, compared to its average volume of 1,242,984. The company has a market capitalization of $8.59 billion, a P/E ratio of 45.70, a P/E/G ratio of 1.48 and a beta of 0.85. The business's 50 day moving average is $58.03 and its 200-day moving average is $56.81. BellRing Brands has a 1 year low of $42.54 and a 1 year high of $67.12.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.10. The firm had revenue of $515.40 million for 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%. The company's quarterly revenue was up 15.6% on a year-over-year basis. During the same period last year, the firm earned $0.34 EPS. Equities analysts predict that BellRing Brands will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its stake in shares of BellRing Brands by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company's stock valued at $540,000 after purchasing an additional 242 shares during the period. Hanseatic Management Services Inc. boosted its position in BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company's stock valued at $828,000 after buying an additional 263 shares during the period. Bessemer Group Inc. grew its stake in shares of BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company's stock worth $440,000 after acquiring an additional 276 shares in the last quarter. Fifth Third Bancorp increased its position in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company's stock worth $63,000 after acquiring an additional 374 shares during the period. Finally, Quarry LP raised its stake in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company's stock valued at $55,000 after acquiring an additional 378 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.