Shares of BellRing Manufacturers, Inc. (NYSE:BRBR – Get Free Report) have obtained a consensus score of “Average Purchase” from the fourteen brokerages which might be presently masking the inventory, MarketBeat.com studies. Three analysis analysts have rated the inventory with a maintain advice and eleven have given a purchase advice to the corporate. The common 12-month worth goal amongst brokers which have issued scores on the inventory within the final 12 months is $65.36.
BRBR has been the subject of quite a few analysis studies. Needham & Firm LLC reissued a “purchase” score and set a $66.00 worth goal on shares of BellRing Manufacturers in a report on Tuesday, August sixth. Deutsche Financial institution Aktiengesellschaft lowered their worth goal on shares of BellRing Manufacturers from $67.00 to $65.00 and set a “purchase” score for the corporate in a report on Thursday, July twenty fifth. Stephens reaffirmed an “equal weight” score and set a $55.00 goal worth on shares of BellRing Manufacturers in a report on Tuesday, August sixth. Truist Monetary boosted their worth goal on shares of BellRing Manufacturers from $50.00 to $60.00 and gave the inventory a “maintain” score in a analysis be aware on Wednesday. Lastly, Financial institution of America raised their worth goal on BellRing Manufacturers from $67.00 to $75.00 and gave the corporate a “purchase” score in a analysis be aware on Tuesday.
Learn Our Newest Evaluation on BRBR
BellRing Manufacturers Buying and selling Up 0.3 %
Shares of NYSE:BRBR opened at $65.61 on Tuesday. The corporate has a 50 day transferring common of $58.74 and a 200 day transferring common of $56.98. The inventory has a market cap of $8.56 billion, a P/E ratio of 45.56, a P/E/G ratio of 1.48 and a beta of 0.85. BellRing Manufacturers has a 12 month low of $42.54 and a 12 month excessive of $67.12.
BellRing Manufacturers (NYSE:BRBR – Get Free Report) final launched its quarterly earnings outcomes on Monday, August fifth. The corporate reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. BellRing Manufacturers had a web margin of 11.55% and a destructive return on fairness of 88.30%. The agency had income of $515.40 million throughout the quarter, in comparison with analyst estimates of $504.73 million. Throughout the identical interval within the earlier 12 months, the enterprise earned $0.34 EPS. The enterprise’s income for the quarter was up 15.6% on a year-over-year foundation. On common, equities analysts forecast that BellRing Manufacturers will submit 1.9 earnings per share for the present fiscal 12 months.
Hedge Funds Weigh In On BellRing Manufacturers
Hedge funds have not too long ago made modifications to their positions within the enterprise. Vanguard Group Inc. lifted its place in shares of BellRing Manufacturers by 1.2% within the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the corporate’s inventory price $736,151,000 after buying an extra 155,252 shares throughout the interval. Healthcare of Ontario Pension Plan Belief Fund purchased a brand new place in BellRing Manufacturers within the fourth quarter price about $3,331,000. NBC Securities Inc. lifted its holdings in BellRing Manufacturers by 435.2% within the first quarter. NBC Securities Inc. now owns 1,932 shares of the corporate’s inventory price $114,000 after shopping for an extra 1,571 shares throughout the interval. First Hawaiian Financial institution purchased a brand new stake in BellRing Manufacturers throughout the 1st quarter valued at roughly $375,000. Lastly, Rise Advisors LLC purchased a brand new place in shares of BellRing Manufacturers within the 1st quarter price roughly $32,000. 94.97% of the inventory is owned by hedge funds and different institutional buyers.
About BellRing Manufacturers
BellRing Manufacturers, Inc, along with its subsidiaries, offers varied vitamin merchandise in the USA. The corporate presents ready-to-drink (RTD) protein shakes, different RTD drinks, powders, vitamin bars, and different merchandise primarily beneath the Premier Protein and Dymatize manufacturers. It distributes its merchandise via membership, meals, drug, mass, eCommerce, specialty, and comfort channels.
Featured Tales
Obtain Information & Rankings for BellRing Manufacturers Each day – Enter your electronic mail tackle under to obtain a concise each day abstract of the newest information and analysts’ scores for BellRing Manufacturers and associated corporations with MarketBeat.com’s FREE each day electronic mail publication.
