BellRing Brands’ (BRBR) Equal Weight Rating Reiterated at Stephens

Stephens restated their equal weight rating on shares of BellRing Brands (NYSE:BRBR) in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a $75.00 target price on the stock.

BRBR has been the topic of several other reports. Truist Financial upped their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. TD Cowen upped their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Evercore ISI upped their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus upped their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.87.

BellRing Brands Stock Up 1.0 %

NYSE:BRBR opened at $77.26 on Tuesday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.67. The firm has a market capitalization of $9.95 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The firm has a 50-day moving average price of $75.94 and a 200 day moving average price of $66.31.

BellRing Brands (NYSE:BRBR) last posted 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 net margin of 12.35% and a negative return on equity of 103.89%. On average, research analysts expect that BellRing Brands will post 2.16 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in BellRing Brands in the fourth quarter valued at approximately $18,356,000. Aigen Investment Management LP boosted its stake in BellRing Brands by 5.9% in the fourth quarter. Aigen Investment Management LP now owns 13,943 shares of the company’s stock valued at $1,050,000 after acquiring an additional 772 shares during the last quarter. Proficio Capital Partners LLC bought a new position in BellRing Brands in the fourth quarter valued at approximately $4,660,000. Atria Investments Inc boosted its stake in BellRing Brands by 21.6% in the fourth quarter. Atria Investments Inc now owns 12,439 shares of the company’s stock valued at $937,000 after acquiring an additional 2,212 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in BellRing Brands by 18.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company’s stock valued at $159,000 after acquiring an additional 332 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

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.