BellRing Brands Inc. (NYSE:BRBR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $43.75.

A number of research firms have weighed in on BRBR. Mizuho lowered their price target on BellRing Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Stifel Nicolaus decreased their price objective on BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. DA Davidson set a $38.00 target price on BellRing Brands in a research note on Thursday, November 20th. TD Cowen reiterated a “hold” rating and set a $31.00 price target (down from $37.00) on shares of BellRing Brands in a research report on Thursday, November 20th. Finally, Bank of America reissued a “neutral” rating and set a $28.00 price target (down from $50.00) on shares of BellRing Brands in a research note on Wednesday, November 19th.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $29.33 on Friday. BellRing Brands has a 1 year low of $22.45 and a 1 year high of $80.67. The firm has a market cap of $3.51 billion, a PE ratio of 17.46, a PEG ratio of 4.01 and a beta of 0.67. The company has a 50 day simple moving average of $30.83 and a two-hundred day simple moving average of $41.99.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The company had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. During the same quarter last year, the business posted $0.51 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, research analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has approved a stock buyback plan on Tuesday, September 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $30.93, for a total value of $122,792.10. Following the completion of the sale, the insider directly owned 54,812 shares of the company’s stock, valued at $1,695,335.16. The trade was a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BellRing Brands

Institutional investors have recently bought and sold shares of the stock. Maseco LLP purchased a new position in BellRing Brands in the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares during the last quarter. Danske Bank A S purchased a new position in shares of BellRing Brands in the third quarter worth $29,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of BellRing Brands in the third quarter worth $35,000. Finally, Smartleaf Asset Management LLC raised its holdings in BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 310 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

About BellRing Brands

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.