BellRing Brands Inc. (NYSE:BRBR) Given Consensus Recommendation of “Hold” by Analysts

BellRing Brands Inc. (NYSE:BRBR) has received an average rating of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $22.4667.

A number of equities analysts recently weighed in on BRBR shares. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Barclays reduced their price target on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Mizuho lowered their price objective on shares of BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Thursday, March 5th. Finally, Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th.

Insider Buying and Selling

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 4,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its position in BellRing Brands by 331.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock worth $35,733,000 after acquiring an additional 1,026,921 shares during the last quarter. Boothbay Fund Management LLC increased its stake in BellRing Brands by 1,954.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock worth $7,514,000 after purchasing an additional 196,655 shares during the period. Retirement Systems of Alabama lifted its position in BellRing Brands by 55.2% in the fourth quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock valued at $14,406,000 after purchasing an additional 191,638 shares during the last quarter. E. Ohman J or Asset Management AB lifted its position in BellRing Brands by 27.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 711,625 shares of the company’s stock valued at $19,022,000 after purchasing an additional 151,990 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of BellRing Brands by 970.2% during the third quarter. WINTON GROUP Ltd now owns 211,168 shares of the company’s stock valued at $7,676,000 after purchasing an additional 191,437 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Up 3.5%

BRBR opened at $13.39 on Thursday. The business’s fifty day simple moving average is $10.81 and its 200 day simple moving average is $17.47. BellRing Brands has a 52 week low of $7.82 and a 52 week high of $59.10. The stock has a market cap of $1.56 billion, a PE ratio of 10.38, a P/E/G ratio of 6.35 and a beta of 0.44.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same period last year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities analysts anticipate that BellRing Brands will post 1.23 earnings per share for the current year.

About BellRing Brands

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.