BellRing Brands (NYSE:BRBR) Research Coverage Started at Morgan Stanley

Morgan Stanley initiated coverage on shares of BellRing Brands (NYSE:BRBR) in a research note released on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $84.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Barclays upped their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Mizuho increased their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. TD Cowen lifted their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Stephens reissued an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.13.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $73.94 on Monday. The stock has a market capitalization of $9.49 billion, a P/E ratio of 34.71, a P/E/G ratio of 2.24 and a beta of 0.85. The business has a 50-day moving average of $73.53 and a two-hundred day moving average of $70.87. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, research analysts expect that BellRing Brands will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has initiated a stock buyback program on Thursday, March 6th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other BellRing Brands news, Director Robert V. Vitale sold 5,100 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 218,636 shares of company stock worth $16,677,550 in the last 90 days. Corporate insiders own 1.07% of the company’s stock.

Institutional Trading of BellRing Brands

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of BellRing Brands by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock worth $1,012,419,000 after purchasing an additional 135,105 shares during the last quarter. Wasatch Advisors LP boosted its holdings in BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock worth $406,903,000 after buying an additional 494,669 shares during the last quarter. Franklin Resources Inc. boosted its holdings in BellRing Brands by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock worth $344,885,000 after buying an additional 96,991 shares during the last quarter. Invesco Ltd. grew its position in shares of BellRing Brands by 35.7% during the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company’s stock worth $321,429,000 after buying an additional 1,121,691 shares during the period. Finally, State Street Corp increased its stake in shares of BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after acquiring an additional 50,339 shares during 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.