DA Davidson Reaffirms “Neutral” Rating for BellRing Brands (NYSE:BRBR)

BellRing Brands (NYSE:BRBR)‘s stock had its “neutral” rating reiterated by equities research analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $75.00 price objective on the stock. DA Davidson’s target price indicates a potential upside of 0.83% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lowered their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Barclays lifted their target price on BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Needham & Company LLC restated a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Evercore ISI upped their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.93.

BellRing Brands Price Performance

BRBR stock opened at $74.38 on Tuesday. The company’s 50-day moving average is $64.89 and its 200-day moving average is $59.07. The stock has a market capitalization of $9.61 billion, a PE ratio of 44.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. BellRing Brands has a 1 year low of $46.03 and a 1 year high of $75.44.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that BellRing Brands will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in BellRing Brands by 5.3% during the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after purchasing an additional 698,121 shares during the period. Wasatch Advisors LP grew its stake in BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after buying an additional 494,669 shares in the last quarter. State Street Corp raised its holdings in BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after acquiring an additional 50,339 shares during the period. Wellington Management Group LLP lifted its position in shares of BellRing Brands by 11.4% during the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after acquiring an additional 281,667 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of BellRing Brands by 21.5% in the third quarter. Point72 Asset Management L.P. now owns 2,588,970 shares of the company’s stock worth $157,202,000 after acquiring an additional 457,796 shares during the period. Hedge funds and other institutional investors 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.