BellRing Brands, Inc. (NYSE:BRBR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $67.33.

BRBR has been the topic of a number of research analyst reports. Stephens reiterated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Evercore ISI raised their price objective on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut 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, Jefferies Financial Group lifted their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday.

BellRing Brands Stock Down 0.5 %

BRBR stock opened at $72.09 on Friday. BellRing Brands has a 52-week low of $44.37 and a 52-week high of $73.27. The stock’s fifty day simple moving average is $63.93 and its 200-day simple moving average is $58.68. The stock has a market capitalization of $9.32 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84.

Institutional Trading of BellRing Brands

Several hedge funds have recently modified their holdings of BRBR. Opal Wealth Advisors LLC bought a new stake in shares of BellRing Brands during the second quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted 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 acquiring an additional 474 shares during the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter valued at approximately $44,000. Finally, Quarry LP boosted its stake in 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 during the last quarter. 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.