BellRing Brands (NYSE:BRBR – Get Free Report) will be announcing its earnings results after the market closes on Monday, November 20th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
BellRing Brands Stock Up 0.2 %
Shares of BRBR stock opened at $45.36 on Friday. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 1.99 and a beta of 0.78. The company’s 50 day moving average is $42.94 and its 200 day moving average is $39.07. BellRing Brands has a 52-week low of $21.60 and a 52-week high of $47.50.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BRBR shares. Stephens lowered shares of BellRing Brands from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $45.00 to $47.00 in a report on Wednesday, October 25th. Morgan Stanley lifted their price target on shares of BellRing Brands from $41.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, August 11th. Bank of America lifted their price target on shares of BellRing Brands from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, October 17th. Barclays lifted their price target on shares of BellRing Brands from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $44.00 price target on shares of BellRing Brands in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new position in BellRing Brands during the first quarter valued at $31,000. Point72 Middle East FZE acquired a new position in BellRing Brands during the fourth quarter valued at $33,000. Macquarie Group Ltd. lifted its position in BellRing Brands by 70.7% during the second quarter. Macquarie Group Ltd. now owns 2,900 shares of the company’s stock valued at $72,000 after purchasing an additional 1,201 shares during the period. First Manhattan Co. acquired a new position in shares of BellRing Brands in the first quarter worth about $76,000. Finally, Captrust Financial Advisors raised its position in shares of BellRing Brands by 1,612.5% in the first quarter. Captrust Financial Advisors now owns 3,288 shares of the company’s stock worth $76,000 after acquiring an additional 3,096 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.
About BellRing Brands
BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.
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