BellRing Brands’ (BRBR) Neutral Rating Reiterated at DA Davidson

BellRing Brands (NYSE:BRBR)‘s stock had its “neutral” rating reissued by equities researchers at DA Davidson in a research note issued on Tuesday,Benzinga reports. They presently have a $75.00 price objective on the stock. DA Davidson’s target price suggests a potential upside of 2.38% from the company’s current price.

Several other research firms have also commented on BRBR. Needham & Company LLC restated a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Truist Financial raised their target price on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Barclays increased their price target on BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

BellRing Brands Stock Performance

BellRing Brands stock traded down $0.14 during trading on Tuesday, hitting $73.26. The company’s stock had a trading volume of 2,268,861 shares, compared to its average volume of 1,208,726. The stock’s fifty day moving average is $64.24 and its 200 day moving average is $58.85. BellRing Brands has a 1-year low of $44.37 and a 1-year high of $74.00. The stock has a market capitalization of $9.47 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 1.61 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. On average, research analysts anticipate that BellRing Brands will post 1.92 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in BRBR. Opal Wealth Advisors LLC bought a new position in BellRing Brands during the 2nd quarter worth approximately $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands during the third quarter worth $31,000. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the period. Truvestments Capital LLC bought a new position in shares of BellRing Brands in the 3rd quarter worth about $44,000. Finally, Quarry LP boosted its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the period. Institutional investors 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.