BellRing Brands Inc. (NYSE:BRBR) Given Consensus Recommendation of “Hold” by Analysts

BellRing Brands Inc. (NYSE:BRBR) has been given an average rating of “Hold” by the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.8214.

BRBR has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, July 16th. DA Davidson increased their target price on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Stephens reissued an “overweight” rating and issued a $20.00 target price on shares of BellRing Brands in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their price target on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Barclays upped their price target on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new position in BellRing Brands during the 2nd quarter valued at $148,000. WINTON GROUP Ltd purchased a new stake in shares of BellRing Brands in the 2nd quarter worth about $142,000. Steamboat Capital Partners LLC purchased a new stake in shares of BellRing Brands in the 2nd quarter worth about $5,118,000. IFP Advisors Inc boosted its stake in shares of BellRing Brands by 279.4% during the 2nd quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock valued at $51,000 after purchasing an additional 2,914 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of BellRing Brands during the 2nd quarter valued at about $65,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

NYSE:BRBR opened at $8.97 on Tuesday. The firm has a market cap of $1.04 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 5.26 and a beta of 0.43. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $37.27. The business has a 50 day moving average price of $11.11 and a 200-day moving average price of $12.39.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The firm had revenue of $570.40 million during the quarter, compared to analysts’ expectations of $548.72 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts predict that BellRing Brands will post 1.03 EPS for the current year.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products, particularly those designed to provide protein and support active lifestyles. Its portfolio is anchored by Premier Protein and Dymatize, which serve consumers through ready-to-drink shakes, protein powders, bars and related nutritional products.

Premier Protein offers protein shakes, powders and bars sold through grocery stores, mass retailers, club stores, drugstores, e-commerce platforms and other channels.