BellRing Brands, Inc. (NYSE:BRBR) Receives $77.87 Consensus Target Price from Analysts

Shares of BellRing Brands, Inc. (NYSE:BRBR) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $77.87.

Several analysts recently issued reports on the stock. Truist Financial upped their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Bank of America upped their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Citigroup increased their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus increased their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th.

BellRing Brands Trading Down 1.6 %

Shares of NYSE BRBR opened at $72.99 on Monday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market cap of $9.36 billion, a PE ratio of 34.27, a P/E/G ratio of 2.34 and a beta of 0.86. The company has a 50-day moving average of $75.61 and a 200 day moving average of $68.36.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts forecast that BellRing Brands will post 2.23 EPS for the current fiscal year.

Insider Transactions at BellRing Brands

In other news, Director Robert V. Vitale sold 28,453 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 1,110,004 shares in the company, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 203,636 shares of company stock worth $15,581,650. 1.07% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC lifted its holdings in BellRing Brands by 0.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after buying an additional 142 shares in the last quarter. Fifth Third Bancorp lifted its holdings in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares in the last quarter. Dorsey Wright & Associates lifted its holdings in BellRing Brands by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock worth $3,799,000 after buying an additional 163 shares in the last quarter. Chartwell Investment Partners LLC lifted its holdings in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after buying an additional 181 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its holdings in BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock worth $472,000 after buying an additional 185 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.