BellRing Brands (NYSE:BRBR) Stock Price Down 4.3% – What’s Next?

BellRing Brands, Inc. (NYSE:BRBR)’s stock price was down 4.3% during trading on Tuesday . The company traded as low as $73.75 and last traded at $74.89. Approximately 677,294 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 1,083,091 shares. The stock had previously closed at $78.25.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup boosted their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Stifel Nicolaus upped their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday. Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Mizuho lifted their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands Price Performance

The company has a market cap of $9.95 billion, a P/E ratio of 41.32, a PEG ratio of 2.61 and a beta of 0.86. The stock has a fifty day moving average price of $75.94 and a two-hundred day moving average price of $66.31.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. As a group, analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Creative Planning grew its holdings in BellRing Brands by 10.3% during the second quarter. Creative Planning now owns 22,121 shares of the company’s stock worth $1,264,000 after acquiring an additional 2,072 shares during the period. Handelsbanken Fonder AB grew its stake in shares of BellRing Brands by 13.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 35,480 shares of the company’s stock worth $2,154,000 after purchasing an additional 4,100 shares during the last quarter. CWM LLC raised its holdings in shares of BellRing Brands by 264.3% in the 3rd quarter. CWM LLC now owns 3,927 shares of the company’s stock worth $238,000 after purchasing an additional 2,849 shares in the last quarter. Carnegie Investment Counsel lifted its stake in BellRing Brands by 17.8% during the third quarter. Carnegie Investment Counsel now owns 55,667 shares of the company’s stock valued at $3,380,000 after purchasing an additional 8,423 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in BellRing Brands by 19.1% during the third quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock worth $796,000 after buying an additional 2,097 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.