Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Price Target at $78.79

BellRing Brands, Inc. (NYSE:BRBR) has earned an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $78.79.

Several analysts have recently weighed in on the company. Citigroup lifted their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. TD Cowen lifted their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stephens reissued an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th.

BellRing Brands Stock Up 1.8 %

BRBR opened at $67.44 on Friday. The firm has a market capitalization of $8.65 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. The stock’s 50 day moving average price is $73.70 and its two-hundred day moving average price is $70.12. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.67.

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

BellRing Brands declared that its Board of Directors has initiated a stock buyback plan on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to buy up to 3.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BRBR. Farther Finance Advisors LLC raised its position in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. raised its position 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 acquiring an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of BellRing Brands during the third quarter worth $44,000. Colonial Trust Co SC bought a new stake in shares of BellRing Brands during the fourth quarter worth $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands during the fourth quarter worth $52,000. Institutional investors own 94.97% of the company’s stock.

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.