Analysts Set BellRing Brands, Inc. (NYSE:BRBR) PT at $76.67

BellRing Brands, Inc. (NYSE:BRBR) has been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $77.13.

Several brokerages have issued reports on BRBR. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Citigroup increased their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen upped their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th.

BellRing Brands Stock Performance

NYSE:BRBR opened at $78.21 on Thursday. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $80.06. The firm’s fifty day moving average is $75.90 and its 200-day moving average is $65.31. The firm has a market cap of $10.07 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.57 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly 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. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $0.41 EPS. As a group, sell-side analysts anticipate that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Braun Stacey Associates Inc. bought a new stake in shares of BellRing Brands in the 3rd quarter worth $18,680,000. AQR Capital Management LLC grew its position in BellRing Brands by 72.3% in the 2nd quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock worth $30,419,000 after purchasing an additional 223,430 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in BellRing Brands by 35.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after buying an additional 333,287 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in shares of BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after buying an additional 10,117 shares in the last quarter. Finally, Banco Santander S.A. purchased a new position in shares of BellRing Brands in the 3rd quarter worth approximately $672,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.