BellRing Brands (NYSE:BRBR) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of BellRing Brands (NYSE:BRBR) in a report issued on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $67.00 price target on the stock.

Other research analysts have also issued reports about the company. Mizuho upped their target price on BellRing Brands from $60.00 to $68.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Evercore ISI increased their target price on BellRing Brands from $60.00 to $65.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Citigroup assumed coverage on BellRing Brands in a report on Thursday, February 1st. They set a buy rating and a $67.00 price objective for the company. Stephens reissued an equal weight rating and set a $53.00 price target on shares of BellRing Brands in a report on Tuesday, May 7th. Finally, Morgan Stanley lifted their price objective on BellRing Brands from $61.00 to $65.00 and gave the company an overweight rating in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $62.23.

BellRing Brands Stock Down 1.2 %

Shares of BRBR stock opened at $58.36 on Thursday. BellRing Brands has a 12 month low of $34.58 and a 12 month high of $62.76. The firm has a market cap of $7.61 billion, a PE ratio of 40.53, a price-to-earnings-growth ratio of 1.92 and a beta of 0.85. The stock has a 50 day moving average of $57.66 and a 200-day moving average of $55.72.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The company had revenue of $494.60 million during the quarter, compared to analyst estimates of $467.22 million. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. As a group, equities analysts predict that BellRing Brands will post 1.78 EPS for the current fiscal year.

Insider Activity at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the sale, the chairman now owns 215,054 shares of the company’s stock, valued at $12,935,498.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thornburg Investment Management Inc. grew its holdings in shares of BellRing Brands by 51.1% during the 4th quarter. Thornburg Investment Management Inc. now owns 154,240 shares of the company’s stock worth $8,550,000 after acquiring an additional 52,181 shares during the period. Franklin Resources Inc. boosted its position in shares of BellRing Brands by 60.3% in the 4th quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock worth $203,239,000 after purchasing an additional 1,379,138 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of BellRing Brands by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,171,230 shares of the company’s stock worth $64,921,000 after purchasing an additional 33,613 shares in the last quarter. Pathstone Family Office LLC bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $697,000. Finally, International Assets Investment Management LLC bought a new stake in shares of BellRing Brands in the 4th quarter worth approximately $5,076,000. Institutional investors own 94.97% of the company’s stock.

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.