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

BellRing Brands, Inc. (NYSE:BRBR) has been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $78.79.

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Citigroup raised their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays upped their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th.

BellRing Brands Price Performance

NYSE BRBR opened at $68.38 on Friday. BellRing Brands has a one year low of $48.06 and a one year high of $80.67. The business has a 50 day simple moving average of $73.54 and a 200 day simple moving average of $70.30. The stock has a market capitalization of $8.77 billion, a P/E ratio of 32.11, a P/E/G ratio of 2.24 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 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%. Equities analysts expect that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has authorized a stock buyback plan on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the completion of the transaction, the director now owns 818,180 shares in the company, valued at approximately $59,776,230.80. This represents a 1.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 218,636 shares of company stock worth $16,677,550. 1.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently added to or reduced their stakes in the stock. Braun Stacey Associates Inc. bought a new position in BellRing Brands during the third quarter worth about $18,680,000. Charles Schwab Investment Management Inc. boosted its position in BellRing Brands by 35.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after purchasing an additional 333,287 shares during the period. Pallas Capital Advisors LLC boosted its position in BellRing Brands by 152.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after purchasing an additional 10,117 shares during the period. Banco Santander S.A. bought a new position in BellRing Brands during the third quarter worth about $672,000. Finally, Empowered Funds LLC boosted its position in BellRing Brands by 151.4% during the third quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock worth $4,241,000 after purchasing an additional 42,059 shares during the period. 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.