BellRing Brands Inc. (NYSE:BRBR) Stock Has Consensus Price Target of $18.57 According to Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have earned an average rating of “Hold” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.57.

A number of brokerages have commented on BRBR. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Tuesday, October 6th. UBS Group set a $9.50 price objective on shares of BellRing Brands in a report on Thursday, October 15th. TD Cowen lowered their price objective on shares of BellRing Brands from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Tuesday, October 27th. Finally, Stifel Nicolaus increased their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd.

Institutional Trading of BellRing Brands

Several hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its holdings in shares of BellRing Brands by 43.8% in the third quarter. Russell Investments Group Ltd. now owns 53,295 shares of the company’s stock worth $410,000 after purchasing an additional 16,227 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of BellRing Brands in the third quarter worth $88,000. Jefferies Financial Group Inc. purchased a new position in shares of BellRing Brands in the third quarter worth $2,591,000. Fulcrum Asset Management LLP increased its stake in shares of BellRing Brands by 759.5% in the third quarter. Fulcrum Asset Management LLP now owns 63,267 shares of the company’s stock worth $490,000 after buying an additional 55,906 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in BellRing Brands by 3.3% during the 3rd quarter. Pictet Asset Management Holding SA now owns 451,965 shares of the company’s stock valued at $3,476,000 after buying an additional 14,241 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Price Performance

NYSE:BRBR opened at $9.18 on Wednesday. The business has a 50 day moving average of $9.04 and a 200 day moving average of $13.02. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 4.35 and a beta of 0.47. BellRing Brands has a 1-year low of $7.33 and a 1-year high of $33.56.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.