Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) PT at $78.79

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $78.79.

BRBR has been the subject of several analyst reports. Mizuho raised their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Stephens reissued an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Citigroup lifted 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, January 29th. Finally, Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $70.42 on Friday. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 33.06, a P/E/G ratio of 2.24 and a beta of 0.85. The firm’s 50 day simple moving average is $73.46 and its 200 day simple moving average is $70.30. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. Equities research analysts expect that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has approved a share buyback plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the transaction, the director now owns 818,180 shares of the company’s stock, valued at $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 218,636 shares of company stock valued at $16,677,550 over the last quarter. 1.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Farther Finance Advisors LLC raised its stake in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares in the last quarter. UMB Bank n.a. raised its stake 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 in the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands during the third quarter worth about $44,000. Colonial Trust Co SC acquired a new position in BellRing Brands during the fourth quarter worth about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands during the fourth quarter worth about $52,000. Institutional investors and hedge funds 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.