BellRing Brands (NYSE:BRBR – Free Report) had its target price trimmed by JPMorgan Chase & Co. from $18.00 to $15.00 in a report published on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
Several other brokerages have also recently weighed in on BRBR. Stifel Nicolaus upped their target price on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. UBS Group set a $9.50 price target on BellRing Brands in a research report on Thursday, October 15th. Stephens restated an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research note on Thursday, July 9th. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday, October 6th. Finally, Barclays decreased their price objective on BellRing Brands from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.57.
Read Our Latest Stock Analysis on BellRing Brands
BellRing Brands Price Performance
Shares of BRBR stock opened at $9.04 on Tuesday. The company has a market capitalization of $1.05 billion, a P/E ratio of 6.37, a P/E/G ratio of 4.41 and a beta of 0.43. The company’s 50-day simple moving average is $9.16 and its two-hundred day simple moving average is $13.46. BellRing Brands has a one year low of $7.33 and a one year high of $33.56.
BellRing Brands (NYSE:BRBR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The company had revenue of $570.40 million for the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.55 EPS. On average, research analysts expect that BellRing Brands will post 1.02 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in BRBR. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of BellRing Brands during the second quarter worth $42,868,000. Bank of America Corp DE raised its position in shares of BellRing Brands by 25.0% during the 1st quarter. Bank of America Corp DE now owns 1,248,761 shares of the company’s stock valued at $20,093,000 after buying an additional 250,144 shares during the period. Wedmont Private Capital acquired a new position in shares of BellRing Brands in the 2nd quarter valued at $1,593,000. Steamboat Capital Partners LLC acquired a new position in BellRing Brands in the second quarter valued at about $5,118,000. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of BellRing Brands by 154.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 444,048 shares of the company’s stock worth $7,145,000 after purchasing an additional 269,644 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.
About BellRing Brands
BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.
The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.
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