BellRing Brands (NYSE:BRBR) Coverage Initiated by Analysts at BNP Paribas Exane

Investment analysts at BNP Paribas Exane assumed coverage on shares of BellRing Brands (NYSE:BRBR) in a report released on Friday, Briefing.com reports. The brokerage set an “outperform” rating and a $12.00 price target on the stock. BNP Paribas Exane’s price target would suggest a potential upside of 50.00% from the stock’s current price.

A number of other research analysts have also recently commented on BRBR. JPMorgan Chase & Co. upped their target price on shares of BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Barclays lifted their price target on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Finally, DA Davidson increased their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.30.

BellRing Brands Stock Up 3.0%

BRBR stock opened at $8.00 on Friday. BellRing Brands has a 52-week low of $7.33 and a 52-week high of $35.67. The stock has a market cap of $930.22 million, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 3.58 and a beta of 0.43. The business has a fifty day moving average of $9.85 and a two-hundred day moving average of $11.52.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). The business had revenue of $570.40 million during the quarter, compared to analyst estimates 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 for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. As a group, sell-side analysts anticipate that BellRing Brands will post 1.03 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently bought and sold shares of the company. Everhart Financial Group Inc. acquired a new stake in shares of BellRing Brands during the third quarter worth about $79,000. Versant Capital Management Inc boosted its stake in shares of BellRing Brands by 336.0% in the third quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock valued at $36,000 after purchasing an additional 3,578 shares during the period. Cim Investment Management Inc. acquired a new position in shares of BellRing Brands in the second quarter valued at approximately $137,000. Sequoia Financial Advisors LLC acquired a new position in shares of BellRing Brands in the second quarter valued at approximately $148,000. Finally, WINTON GROUP Ltd purchased a new stake in BellRing Brands during the 2nd quarter worth approximately $142,000. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing’s principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.