DA Davidson Reiterates “Buy” Rating for BellRing Brands (NYSE:BRBR)

BellRing Brands (NYSE:BRBR)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $58.00 price target on the stock. DA Davidson’s price target suggests a potential upside of 119.49% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Bank of America restated a “neutral” rating and set a $28.00 price objective (down from $50.00) on shares of BellRing Brands in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BellRing Brands in a research report on Wednesday, October 8th. UBS Group decreased their price objective on shares of BellRing Brands from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, Stifel Nicolaus lowered their price objective on BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.88.

BellRing Brands Trading Up 0.6%

BRBR opened at $26.43 on Wednesday. The stock has a market cap of $3.33 billion, a PE ratio of 14.93, a P/E/G ratio of 1.49 and a beta of 0.70. BellRing Brands has a 1 year low of $22.45 and a 1 year high of $80.67. The stock’s 50 day simple moving average is $33.17 and its 200-day simple moving average is $46.77.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. BellRing Brands has set its FY 2026 guidance at EPS. Equities analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has authorized a share repurchase plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding 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 a sign that the company’s board believes its stock is undervalued.

Institutional Trading of BellRing Brands

Several institutional investors and hedge funds have recently bought and sold shares of the business. TT International Asset Management LTD grew its position in BellRing Brands by 199.8% during the second quarter. TT International Asset Management LTD now owns 73,616 shares of the company’s stock worth $4,265,000 after buying an additional 49,064 shares during the period. Independence Bank of Kentucky lifted its holdings in BellRing Brands by 91.5% in the 2nd quarter. Independence Bank of Kentucky now owns 22,634 shares of the company’s stock valued at $1,311,000 after purchasing an additional 10,814 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of BellRing Brands by 216.1% during the 2nd quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company’s stock worth $1,043,000 after purchasing an additional 12,310 shares during the last quarter. MRA Advisory Group purchased a new stake in shares of BellRing Brands during the second quarter worth about $448,000. Finally, Wilson Asset Management International PTY Ltd. grew its holdings in shares of BellRing Brands by 11.4% during the second quarter. Wilson Asset Management International PTY Ltd. now owns 93,373 shares of the company’s stock worth $5,409,000 after buying an additional 9,554 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.