BellRing Brands Inc. (NYSE:BRBR) Receives Average Rating of “Moderate Buy” from Analysts

BellRing Brands Inc. (NYSE:BRBRGet Free Report) has earned an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $37.25.

Several analysts have recently commented on BRBR shares. UBS Group set a $23.00 price target on shares of BellRing Brands in a research report on Wednesday, February 4th. Morgan Stanley set a $32.00 target price on BellRing Brands in a research note on Friday, January 16th. Mizuho reduced their target price on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Weiss Ratings lowered BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group decreased their price target on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, March 16th.

Read Our Latest Research Report on BRBR

Insider Transactions at BellRing Brands

In related news, Director David Isaiah Finkelstein bought 2,000 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were bought at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the transaction, the director directly owned 7,391 shares of the company’s stock, valued at $131,190.25. This represents a 37.10% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of BellRing Brands by 42.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after acquiring an additional 373 shares during the period. New York State Common Retirement Fund boosted its position in shares of BellRing Brands by 0.6% during the 2nd quarter. New York State Common Retirement Fund now owns 70,210 shares of the company’s stock worth $4,067,000 after purchasing an additional 397 shares during the period. Farther Finance Advisors LLC increased its holdings in BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after purchasing an additional 456 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock valued at $308,000 after purchasing an additional 467 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Trading Down 3.7%

Shares of BRBR opened at $16.59 on Tuesday. BellRing Brands has a 12-month low of $15.97 and a 12-month high of $79.57. The firm has a market capitalization of $1.95 billion, a P/E ratio of 11.44, a P/E/G ratio of 3.39 and a beta of 0.69. The firm has a 50-day moving average price of $20.28 and a 200 day moving average price of $27.60.

BellRing Brands (NYSE:BRBRGet Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The company had revenue of $537.30 million for the quarter, compared to analyst estimates of $505.44 million. During the same period in the previous year, the business posted $0.58 EPS. BellRing Brands’s revenue was up .8% on a year-over-year basis. Equities research analysts predict that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

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About BellRing Brands

(Get Free Report)

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.

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