BellRing Brands (NYSE:BRBR) Given “Overweight” Rating at Stephens

Stephens restated their overweight rating on shares of BellRing Brands (NYSE:BRBR) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $20.00 price target on the stock.

Other research analysts have also recently issued research reports about the company. Barclays dropped their price target on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. TD Cowen dropped their target price on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating for the company. Sanford C. Bernstein downgraded shares of BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Finally, Jefferies Financial Group lowered their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $20.47.

BellRing Brands Price Performance

BRBR opened at $12.18 on Thursday. BellRing Brands has a 1-year low of $7.82 and a 1-year high of $59.10. The stock has a market cap of $1.42 billion, a P/E ratio of 9.44, a P/E/G ratio of 6.49 and a beta of 0.45. The stock’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $16.74.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data 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). The firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. Research analysts expect that BellRing Brands will post 1.22 EPS for the current fiscal year.

Insider Activity at BellRing Brands

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

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new position in BellRing Brands during the third quarter worth approximately $29,000. Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 524 shares during the period. IFP Advisors Inc boosted its holdings in shares of BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 purchasing an additional 373 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after buying an additional 755 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

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.