BellRing Brands Inc. (BRBR) – What Are Investment Firms Thinking About This Stock?

Shares of BellRing Brands Inc. (NYSE:BRBR) have earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.70.

BRBR has been the subject of a number of recent research reports. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday. BNP Paribas Exane assumed coverage on shares of BellRing Brands in a report on Friday, October 9th. They issued an “outperform” rating and a $12.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. TD Cowen cut their price objective on shares of BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Barclays reduced their target price on shares of BellRing Brands from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRBR. Leonteq Securities AG boosted its stake in shares of BellRing Brands by 11.3% during the 1st quarter. Leonteq Securities AG now owns 9,627 shares of the company’s stock worth $155,000 after buying an additional 976 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of BellRing Brands by 52.2% in the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock valued at $52,000 after acquiring an additional 1,109 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of BellRing Brands by 67.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company’s stock valued at $72,000 after acquiring an additional 1,809 shares in the last quarter. IFP Advisors Inc increased its position in shares of BellRing Brands by 279.4% in the second quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock valued at $51,000 after acquiring an additional 2,914 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of BellRing Brands by 8.1% in the second quarter. Handelsbanken Fonder AB now owns 46,580 shares of the company’s stock valued at $603,000 after acquiring an additional 3,500 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Up 4.6%

Shares of BRBR stock traded up $0.41 on Friday, hitting $9.40. 5,380,000 shares of the stock were exchanged, compared to its average volume of 4,339,937. The firm has a market capitalization of $1.09 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 4.19 and a beta of 0.43. The business has a 50-day moving average of $9.42 and a 200 day moving average of $11.26. BellRing Brands has a fifty-two week low of $7.33 and a fifty-two week high of $34.39.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. As a group, research analysts forecast that BellRing Brands will post 1.03 EPS for the current fiscal year.

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.