DA Davidson Reaffirms “Neutral” Rating for BellRing Brands (NYSE:BRBR)

DA Davidson reaffirmed their neutral rating on shares of BellRing Brands (NYSE:BRBR) in a research report sent to investors on Tuesday morning,Benzinga reports. DA Davidson currently has a $75.00 target price on the stock.

BRBR has been the topic of several other reports. JPMorgan Chase & Co. dropped their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Truist Financial increased their target price on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Barclays boosted their price target on BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Bank of America upped their price target on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Stock Up 2.9 %

Shares of BRBR stock opened at $76.54 on Tuesday. The firm has a market capitalization of $9.89 billion, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The firm has a fifty day moving average of $65.25 and a 200-day moving average of $59.19. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $76.68.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. Research analysts expect that BellRing Brands will post 2.12 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in the stock. Holocene Advisors LP acquired a new position in BellRing Brands during the 3rd quarter worth approximately $69,998,000. D. E. Shaw & Co. Inc. increased its holdings in shares of BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after buying an additional 847,161 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after acquiring an additional 698,121 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in shares of BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after acquiring an additional 545,371 shares in the last quarter. Finally, E. Ohman J or Asset Management AB bought a new stake in BellRing Brands during the 3rd quarter worth $30,753,000. 94.97% 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. 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.