BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, UBS Group Analyst Says

BellRing Brands (NYSE:BRBR) had its target price upped by UBS Group from $12.00 to $13.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 11.21% from the stock’s current price.

Several other research firms have also weighed in on BRBR. Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price objective on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Barclays dropped their price objective on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. Finally, Morgan Stanley reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.57.

BellRing Brands Trading Up 1.2%

BRBR opened at $12.14 on Thursday. The stock has a 50-day moving average of $10.34 and a 200 day moving average of $16.09. BellRing Brands has a 12 month low of $7.82 and a 12 month high of $59.10. The firm has a market cap of $1.41 billion, a P/E ratio of 9.41, a P/E/G ratio of 5.90 and a beta of 0.45.

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). The company had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, research analysts forecast that BellRing Brands will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

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

Hedge Funds Weigh In On BellRing Brands

Several hedge funds have recently bought and sold shares of BRBR. Northwestern Mutual Wealth Management Co. grew its holdings in shares of BellRing Brands by 42.6% in the second 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. Treasurer of the State of North Carolina increased its position in BellRing Brands by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock worth $3,434,000 after purchasing an additional 456 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in BellRing Brands by 9.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after purchasing an additional 467 shares during the period. 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. Finally, Crossmark Global Holdings Inc. boosted its holdings in BellRing Brands by 5.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock valued at $257,000 after purchasing an additional 536 shares during 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.