BellRing Brands (NYSE:BRBR) Receives “Neutral” Rating from DA Davidson

BellRing Brands (NYSE:BRBR)‘s stock had its “neutral” rating reiterated by analysts at DA Davidson in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $75.00 target price on the stock. DA Davidson’s target price indicates a potential upside of 2.38% from the company’s previous close.

A number of other brokerages have also recently commented on BRBR. Truist Financial lifted their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price target on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Bank of America increased their price target on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Jefferies Financial Group upped their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three equities research 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, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

BellRing Brands Price Performance

Shares of NYSE:BRBR traded down $0.14 during midday trading on Tuesday, hitting $73.26. The company had a trading volume of 2,268,861 shares, compared to its average volume of 1,208,726. The company has a market cap of $9.47 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 1.61 and a beta of 0.84. The company has a fifty day moving average of $64.24 and a two-hundred day moving average of $58.85. BellRing Brands has a 12-month low of $44.37 and a 12-month high of $74.00.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Research analysts expect that BellRing Brands will post 1.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in shares of BellRing Brands by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock worth $138,482,000 after purchasing an additional 86,992 shares during the period. WINTON GROUP Ltd increased its position in BellRing Brands by 186.5% during the 2nd quarter. WINTON GROUP Ltd now owns 44,642 shares of the company’s stock worth $2,551,000 after purchasing an additional 29,060 shares during the period. Braun Stacey Associates Inc. purchased a new position in shares of BellRing Brands during the 3rd quarter worth approximately $18,680,000. Federated Hermes Inc. grew its stake in shares of BellRing Brands by 28.0% during the 2nd quarter. Federated Hermes Inc. now owns 474,168 shares of the company’s stock worth $27,094,000 after purchasing an additional 103,604 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of BellRing Brands by 72.3% in the 2nd quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock valued at $30,419,000 after purchasing an additional 223,430 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.