BellRing Brands’ (BRBR) “Neutral” Rating Reiterated at Bank of America

Bank of America reaffirmed their neutral rating on shares of BellRing Brands (NYSE:BRBR) in a research note released on Wednesday morning, Marketbeat.com reports. They currently have a $28.00 price objective on the stock, down from their previous price objective of $50.00.

Several other analysts have also recently issued reports on BRBR. Jefferies Financial Group restated a “buy” rating and set a $48.00 price objective on shares of BellRing Brands in a research note on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of BellRing Brands in a report on Wednesday, October 8th. Morgan Stanley reduced their price objective on BellRing Brands from $58.00 to $43.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Zacks Research lowered shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Finally, Evercore ISI dropped their target price on shares of BellRing Brands from $82.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.20.

BellRing Brands Price Performance

NYSE BRBR opened at $29.85 on Wednesday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 3.91 and a beta of 0.70. BellRing Brands has a 12 month low of $22.45 and a 12 month high of $80.67. The company’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $46.20.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The company had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. During the same period in the previous year, the firm posted $0.51 EPS. BellRing Brands’s revenue for the quarter was up 16.6% on a year-over-year basis. BellRing Brands has set its FY 2026 guidance at EPS. As a group, analysts anticipate that BellRing Brands will post 2.23 EPS for the current 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 shares. This buyback authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Maseco LLP bought a new position in shares of BellRing Brands during the second quarter worth about $25,000. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares during the period. Danske Bank A S bought a new position in BellRing Brands in the 3rd quarter worth about $29,000. TCTC Holdings LLC grew its position in BellRing Brands by 87.6% in the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after purchasing an additional 190 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of BellRing Brands in the third quarter valued at approximately $35,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

About BellRing Brands

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.