BellRing Brands Inc. (NYSE:BRBR) Receives $22.47 Average PT from Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $22.4667.

Several research firms recently weighed in on BRBR. TD Cowen lowered their target price on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. BTIG Research began coverage on BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Barclays lowered their target price on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th.

Insiders Place Their Bets

In related news, Director David Isaiah Finkelstein bought 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the transaction, the director owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in BellRing Brands by 42.6% during 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 in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of BellRing Brands by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after acquiring an additional 456 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock valued at $308,000 after acquiring an additional 467 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 524 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of BellRing Brands by 5.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock valued at $257,000 after acquiring an additional 536 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

Shares of BRBR opened at $8.81 on Friday. BellRing Brands has a one year low of $7.82 and a one year high of $63.08. The firm has a market capitalization of $1.02 billion, a P/E ratio of 6.83, a PEG ratio of 4.32 and a beta of 0.56. The business has a fifty day moving average of $12.11 and a 200 day moving average of $19.40.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Analysts expect that BellRing Brands will post 1.23 EPS for the current fiscal year.

BellRing Brands Company Profile

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.