Brokerages Set BellRing Brands Inc. (NYSE:BRBR) Target Price at $67.86

BellRing Brands Inc. (NYSE:BRBR) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $67.8571.

Several research firms have issued reports on BRBR. Citigroup dropped their target price on BellRing Brands from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. Jefferies Financial Group upped their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Barclays decreased their price target on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Evercore ISI decreased their price target on shares of BellRing Brands from $82.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, August 6th. Finally, DA Davidson raised shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, May 27th.

BellRing Brands Price Performance

NYSE:BRBR opened at $39.55 on Monday. The company has a market cap of $5.02 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.90 and a beta of 0.72. The stock’s fifty day moving average price is $55.25 and its two-hundred day moving average price is $65.77. BellRing Brands has a 1 year low of $34.02 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The firm had revenue of $547.50 million for the quarter, compared to the consensus estimate of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 earnings per share. On average, analysts expect that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In other news, Director Shawn Conway bought 2,700 shares of BellRing Brands stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average price of $36.41 per share, with a total value of $98,307.00. Following the completion of the purchase, the director directly owned 6,685 shares in the company, valued at $243,400.85. The trade was a 67.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Craig L. Rosenthal bought 2,600 shares of BellRing Brands stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the purchase, the insider owned 33,475 shares of the company’s stock, valued at $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 14,400 shares of company stock valued at $836,224 over the last 90 days. 1.07% of the stock is owned by insiders.

Institutional Trading of BellRing Brands

Several institutional investors have recently added to or reduced their stakes in the business. Xponance Inc. boosted its position in BellRing Brands by 0.9% during the first quarter. Xponance Inc. now owns 15,221 shares of the company’s stock valued at $1,133,000 after buying an additional 142 shares during the period. Argonautica Private Wealth Management Inc. boosted its holdings in shares of BellRing Brands by 2.5% during the first quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company’s stock worth $478,000 after purchasing an additional 157 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of BellRing Brands by 13.6% during the first quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock worth $105,000 after purchasing an additional 169 shares during the period. Stephens Inc. AR boosted its holdings in shares of BellRing Brands by 5.0% during the first quarter. Stephens Inc. AR now owns 3,705 shares of the company’s stock worth $276,000 after purchasing an additional 175 shares during the period. Finally, TCTC Holdings LLC boosted its holdings in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after purchasing an additional 190 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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.