BellRing Brands (NYSE:BRBR) Now Covered by Analysts at TD Cowen

TD Cowen assumed coverage on shares of BellRing Brands (NYSE:BRBR) in a research report report published on Monday, MarketBeat reports. The firm issued a buy rating and a $64.00 price target on the stock.

Several other brokerages have also issued reports on BRBR. Needham & Company LLC increased their price target on BellRing Brands from $52.00 to $62.00 and gave the stock a buy rating in a report on Tuesday, February 6th. Mizuho increased their price target on BellRing Brands from $57.00 to $60.00 and gave the stock a buy rating in a report on Thursday, January 18th. Morgan Stanley increased their price target on BellRing Brands from $61.00 to $65.00 and gave the stock an overweight rating in a report on Thursday, March 7th. Stephens restated an equal weight rating and issued a $51.00 target price on shares of BellRing Brands in a report on Tuesday, February 6th. Finally, Stifel Nicolaus raised their target price on BellRing Brands from $60.00 to $63.00 and gave the company a buy rating in a report on Wednesday, February 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $57.62.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $55.11 on Monday. BellRing Brands has a one year low of $34.58 and a one year high of $62.76. The stock’s 50-day moving average is $57.84 and its 200 day moving average is $53.37. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 44.44, a PEG ratio of 2.05 and a beta of 0.83.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $430.40 million for the quarter, compared to analyst estimates of $407.91 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. On average, sell-side analysts expect that BellRing Brands will post 1.67 EPS for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director Elliot Stein, Jr. sold 1,000 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $57.81, for a total transaction of $57,810.00. Following the completion of the sale, the director now directly owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of BellRing Brands

A number of large investors have recently bought and sold shares of BRBR. Arkadios Wealth Advisors increased its position in BellRing Brands by 20.0% in the third quarter. Arkadios Wealth Advisors now owns 8,535 shares of the company’s stock worth $352,000 after buying an additional 1,424 shares during the last quarter. SG Americas Securities LLC increased its position in BellRing Brands by 400.9% in the third quarter. SG Americas Securities LLC now owns 94,130 shares of the company’s stock worth $3,881,000 after buying an additional 75,339 shares during the last quarter. Ziegler Capital Management LLC increased its position in BellRing Brands by 0.8% in the third quarter. Ziegler Capital Management LLC now owns 179,065 shares of the company’s stock worth $7,382,000 after buying an additional 1,488 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in BellRing Brands in the third quarter worth $690,000. Finally, Asset Management One Co. Ltd. increased its position in BellRing Brands by 41.0% in the third quarter. Asset Management One Co. Ltd. now owns 9,451 shares of the company’s stock worth $390,000 after buying an additional 2,746 shares during the last quarter. 94.97% of the stock is 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.