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

BellRing Brands Inc. (NYSE:BRBR) has earned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $22.4667.

Several research firms have issued reports on BRBR. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $35.00 to $11.00 in a report on Wednesday, May 6th. TD Cowen reduced their price objective on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. DA Davidson reduced their price objective on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Finally, Stifel Nicolaus reduced their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th.

BellRing Brands Price Performance

Shares of BRBR opened at $8.80 on Friday. The company has a market capitalization of $1.02 billion, a P/E ratio of 6.82, a PEG ratio of 4.30 and a beta of 0.56. BellRing Brands has a one year low of $8.10 and a one year high of $63.08. The business’s 50 day simple moving average is $12.83 and its 200-day simple moving average is $20.09.

BellRing Brands (NYSE:BRBR) last posted 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). 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 analyst estimates of $608.88 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BellRing Brands will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the purchase, the director directly owned 13,326 shares in the company, valued at $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 link. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Danske Bank A S acquired a new position in shares of BellRing Brands in the 3rd quarter valued at $29,000. Larson Financial Group LLC lifted its stake in shares of BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the period. IFP Advisors Inc lifted its stake 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 period. CI Investments Inc. lifted its stake in shares of BellRing Brands by 439.1% in the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after purchasing an additional 944 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted 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 purchasing an additional 373 shares during the period. Institutional investors and hedge funds 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.