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

Shares of BellRing Brands, Inc. (NYSE:BRBR) have received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $77.87.

BRBR has been the topic of a number of analyst reports. Barclays raised their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial increased their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Evercore ISI increased their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th.

Insiders Place Their Bets

In related news, Director Robert V. Vitale sold 28,453 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the sale, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 203,636 shares of company stock valued at $15,581,650. Insiders own 1.07% of the company’s stock.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Braun Stacey Associates Inc. acquired a new stake in shares of BellRing Brands in the third quarter valued at about $18,680,000. Charles Schwab Investment Management Inc. lifted its stake in shares of BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after purchasing an additional 333,287 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of BellRing Brands by 152.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock valued at $1,264,000 after purchasing an additional 10,117 shares during the period. Banco Santander S.A. acquired a new stake in shares of BellRing Brands in the third quarter valued at about $672,000. Finally, Empowered Funds LLC lifted its stake in shares of BellRing Brands by 151.4% in the third quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock valued at $4,241,000 after purchasing an additional 42,059 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Down 1.6 %

Shares of BRBR opened at $72.99 on Monday. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67. The firm’s fifty day simple moving average is $75.61 and its 200-day simple moving average is $68.36. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, analysts predict that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

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.