BellRing Brands (NYSE:BRBR) Releases Earnings Results, Beats Estimates By $0.06 EPS

BellRing Brands (NYSE:BRBR) announced its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.06, MarketWatch Earnings reports. BellRing Brands updated its FY 2021
After-Hours guidance to EPS.

NYSE:BRBR traded up $1.01 during trading hours on Friday, hitting $21.03. The stock had a trading volume of 6,201 shares, compared to its average volume of 407,668. BellRing Brands has a one year low of $13.56 and a one year high of $24.03. The business’s 50 day moving average is $20.72 and its 200-day moving average is $19.78.

BRBR has been the topic of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and set a $24.00 target price on shares of BellRing Brands in a research report on Thursday, August 13th. Zacks Investment Research lowered shares of BellRing Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, November 3rd. Morgan Stanley cut their price objective on shares of BellRing Brands from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. JPMorgan Chase & Co. increased their price objective on shares of BellRing Brands from $24.00 to $25.00 in a report on Wednesday, September 2nd. Finally, Bank of America increased their price objective on shares of BellRing Brands from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, August 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.18.

About BellRing Brands

BellRing Brands, Inc manufactures and sells nutrition products in the United States and internationally. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, and nutrition bars and supplements. It offers its products primarily under the Premier Protein, Dymatize, and PowerBar, as well as Joint Juice and Supreme Protein brands.

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