BellRing Brands Inc. (NYSE:BRBR) Receives Average Rating of “Hold” from Brokerages

BellRing Brands Inc. (NYSE:BRBR) has been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.70.

Several research firms have weighed in on BRBR. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of BellRing Brands in a research note on Thursday, July 9th. BTIG Research assumed coverage on shares of BellRing Brands in a report on Monday, April 13th. They set a “neutral” rating on the stock. TD Cowen cut their price objective on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley restated an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Finally, Bank of America decreased their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, April 10th.

BellRing Brands Stock Up 0.3%

Shares of BRBR stock opened at $12.99 on Monday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 6.34 and a beta of 0.45. BellRing Brands has a 52 week low of $7.82 and a 52 week high of $56.69. The firm has a 50 day moving average of $10.67 and a 200-day moving average of $15.54.

BellRing Brands (NYSE:BRBR) last released its earnings results 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). The company had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. Analysts anticipate that BellRing Brands will post 1.23 earnings per share for the current year.

Insider Activity at BellRing Brands

In other news, Director David Isaiah Finkelstein bought 4,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the transaction, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Danske Bank A S bought a new position in shares of BellRing Brands in the third quarter valued at $29,000. Larson Financial Group LLC increased its position 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 worth $25,000 after acquiring an additional 524 shares in the last quarter. IFP Advisors Inc increased its position in shares of BellRing Brands by 124.3% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 worth $72,000 after acquiring an additional 373 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in BellRing Brands by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after acquiring an additional 755 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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.