BellRing Brands Inc. (NYSE:BRBR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given a consensus recommendation of “Moderate Buy” by the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $64.80.

BRBR has been the topic of a number of recent research reports. Mizuho decreased their target price on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, August 18th. Morgan Stanley decreased their price target on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings reissued a “hold (c)” rating on shares of BellRing Brands in a research note on Saturday, September 27th. Stephens raised shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. Finally, Barclays decreased their target price on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, August 7th.

BellRing Brands Price Performance

BRBR stock opened at $33.86 on Tuesday. The firm has a market cap of $4.27 billion, a PE ratio of 19.35, a P/E/G ratio of 1.62 and a beta of 0.75. BellRing Brands has a 12 month low of $33.72 and a 12 month high of $80.67. The firm has a 50 day simple moving average of $39.84 and a 200 day simple moving average of $56.31.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The firm had revenue of $547.50 million for 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 firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has approved a stock buyback plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, August 1st. The shares were 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. The trade was a 0.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shawn Conway bought 2,700 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $36.41 per share, for a total transaction of $98,307.00. Following the completion of the purchase, the director owned 6,685 shares in the company, valued at approximately $243,400.85. This trade represents a 67.75% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. Company insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently bought and sold shares of the business. William Blair Investment Management LLC purchased a new position in BellRing Brands during the 2nd quarter valued at about $124,777,000. Axiom Investors LLC DE boosted its holdings in shares of BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after purchasing an additional 1,814,811 shares during the period. Holocene Advisors LP boosted its holdings in shares of BellRing Brands by 50.7% during the second quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock worth $227,572,000 after purchasing an additional 1,320,849 shares during the period. Junto Capital Management LP purchased a new position in BellRing Brands during the first quarter valued at approximately $97,725,000. Finally, Norges Bank acquired a new position in BellRing Brands in the 2nd quarter valued at approximately $66,057,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.