BellRing Brands, Inc. (NYSE:BRBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BellRing Brands, Inc. (NYSE:BRBR) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $79.13.

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. TD Cowen upped their price target on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Stephens restated an “equal weight” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They set an “overweight” rating and a $84.00 price target on the stock.

Insider Transactions at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the transaction, the director now owns 1,166,691 shares of the company’s stock, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 221,828 shares of company stock worth $16,917,365 over the last ninety days. Company insiders own 1.07% of the company’s stock.

Institutional Trading of BellRing Brands

Several hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc increased its holdings in BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 366 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock worth $33,000 after buying an additional 283 shares in the last quarter. UMB Bank n.a. increased its stake in shares of BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the period. Colonial Trust Co SC acquired a new stake in BellRing Brands in the fourth quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in BellRing Brands in the fourth quarter worth approximately $52,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $75.08 on Tuesday. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $80.67. The firm has a market capitalization of $9.63 billion, a PE ratio of 35.25, a P/E/G ratio of 2.24 and a beta of 0.78. The business’s 50 day moving average price is $72.67 and its 200-day moving average price is $72.33.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, analysts expect that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has approved a share repurchase program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.