BellRing Brands (NYSE:BRBR) Trading 5.7% Higher Following Analyst Upgrade

BellRing Brands Inc. (NYSE:BRBR) shot up 5.7% on Friday after UBS Group raised their price target on the stock from $12.00 to $13.50. UBS Group currently has a neutral rating on the stock. BellRing Brands traded as high as $12.67 and last traded at $12.6740. 680,428 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 4,706,357 shares. The stock had previously closed at $11.99.

Other equities analysts have also issued reports about the company. Stephens restated an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research report on Thursday, July 9th. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $35.00 to $11.00 in a research report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Finally, JPMorgan Chase & Co. decreased their target price on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.57.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the acquisition, the director owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC increased its stake in shares of BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares during the period. Danske Bank A S bought a new position in shares of BellRing Brands during the third quarter valued at approximately $29,000. IFP Advisors Inc lifted its stake in BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in BellRing Brands by 333.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after acquiring an additional 1,428 shares during the period. Finally, Signaturefd LLC lifted its stake in BellRing Brands by 578.9% in the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after acquiring an additional 1,621 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Up 1.2%

The firm has a market cap of $1.41 billion, a P/E ratio of 9.41, a PEG ratio of 5.96 and a beta of 0.45. The firm’s fifty day moving average is $10.34 and its two-hundred day moving average is $16.09.

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 analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that BellRing Brands Inc. will post 1.22 EPS 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.