Analysts Set BellRing Brands Inc. (NYSE:BRBR) PT at $64.80

BellRing Brands Inc. (NYSE:BRBR) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $64.80.

BRBR has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, August 6th. Stephens raised shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. Morgan Stanley reduced their target price on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th. Mizuho reduced their target price on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. Finally, UBS Group reduced their target price on shares of BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th.

Insider Transactions at BellRing Brands

In related news, Director Shawn Conway bought 2,700 shares of BellRing Brands stock in a transaction dated Wednesday, August 6th. The shares were acquired at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the transaction, the director owned 6,685 shares in the company, valued at $243,400.85. The trade was a 67.75% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction of $86,688.00. Following the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 6,616 shares of company stock valued at $65,995,248 and have sold 11,200 shares valued at $638,640. Corporate insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of BellRing Brands during the first quarter valued at approximately $280,000. GAMMA Investing LLC boosted its stake in shares of BellRing Brands by 12.2% during the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company’s stock valued at $172,000 after purchasing an additional 252 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of BellRing Brands by 0.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company’s stock valued at $5,365,000 after purchasing an additional 438 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of BellRing Brands by 71.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company’s stock valued at $661,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of BellRing Brands by 31.6% during the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company’s stock valued at $1,384,000 after purchasing an additional 4,461 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

BellRing Brands stock opened at $37.70 on Friday. BellRing Brands has a 1-year low of $34.02 and a 1-year high of $80.67. The firm has a market capitalization of $4.75 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.74 and a beta of 0.74. The company’s 50-day moving average is $47.63 and its 200 day moving average is $60.82.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. Research analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a share buyback program on Tuesday, September 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.