BellRing Brands Inc. (NYSE:BRBR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.5333.

BRBR has been the subject of several recent research reports. Barclays decreased their price target on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Sanford C. Bernstein began coverage on BellRing Brands in a report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 target price for the company. TD Cowen restated a “hold” rating and set a $31.00 price target (down previously from $37.00) on shares of BellRing Brands in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BellRing Brands in a research report on Monday, December 8th. Finally, Morgan Stanley decreased their price objective on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th.

BellRing Brands Price Performance

NYSE BRBR opened at $31.92 on Friday. The company has a market cap of $3.82 billion, a P/E ratio of 19.00, a P/E/G ratio of 4.27 and a beta of 0.67. The stock has a 50-day moving average of $31.15 and a two-hundred day moving average of $42.71. BellRing Brands has a 1-year low of $22.45 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $633.21 million. BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. On average, analysts anticipate that BellRing Brands will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has initiated a share repurchase program on Tuesday, September 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.93, for a total value of $122,792.10. Following the sale, the insider directly owned 54,812 shares of the company’s stock, valued at approximately $1,695,335.16. This represents a 6.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.07% of the stock is owned by company insiders.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently modified their holdings of the company. Maseco LLP acquired a new position in shares of BellRing Brands during the 2nd quarter worth about $25,000. Smartleaf Asset Management LLC lifted its stake in BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after purchasing an additional 310 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S purchased a new position in BellRing Brands in the third quarter valued at approximately $29,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in BellRing Brands by 287.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock worth $65,000 after purchasing an additional 649 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.