BellRing Brands (NYSE:BRBR) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane began coverage on shares of BellRing Brands (NYSE:BRBR) in a report released on Friday morning, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $12.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a research report on Tuesday, October 6th. Stifel Nicolaus upped their price objective on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. UBS Group upped their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Barclays raised their target price on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $19.30.

BellRing Brands Trading Down 0.4%

BellRing Brands stock opened at $8.52 on Friday. The stock has a market cap of $990.12 million, a PE ratio of 6.00, a P/E/G ratio of 3.97 and a beta of 0.43. The stock has a 50-day moving average price of $9.78 and a 200 day moving average price of $11.47. BellRing Brands has a 52 week low of $7.33 and a 52 week high of $35.67.

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

Hedge Funds Weigh In On BellRing Brands

Large investors have recently added to or reduced their stakes in the business. Everhart Financial Group Inc. acquired a new stake in BellRing Brands in the 3rd quarter worth about $79,000. Versant Capital Management Inc increased its stake in shares of BellRing Brands by 336.0% during the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock valued at $36,000 after acquiring an additional 3,578 shares during the last quarter. Cim Investment Management Inc. acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $137,000. Sequoia Financial Advisors LLC acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $148,000. Finally, WINTON GROUP Ltd acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $142,000. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing’s principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.