Analysts Set BellRing Brands Inc. (NYSE:BRBR) Price Target at $20.70

BellRing Brands Inc. (NYSE:BRBR) has received a consensus rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $20.9667.

Several research firms recently issued reports on BRBR. Zacks Research raised shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. DA Davidson upgraded shares of BellRing Brands to a “strong-buy” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 4,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the purchase, the director owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This represents a 42.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in BRBR. Retirement Systems of Alabama lifted its holdings in BellRing Brands by 55.2% in the 4th quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock worth $14,406,000 after purchasing an additional 191,638 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in BellRing Brands by 125.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company’s stock valued at $52,506,000 after buying an additional 1,092,328 shares in the last quarter. SG Americas Securities LLC grew its holdings in BellRing Brands by 8,637.4% during the 4th quarter. SG Americas Securities LLC now owns 280,907 shares of the company’s stock valued at $7,509,000 after buying an additional 277,692 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in BellRing Brands by 154.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 444,048 shares of the company’s stock valued at $7,145,000 after buying an additional 269,644 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of BellRing Brands by 5.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,127,834 shares of the company’s stock valued at $30,147,000 after buying an additional 60,005 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 0.2%

Shares of BRBR opened at $12.36 on Monday. The business has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $15.16. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 6.02 and a beta of 0.45. BellRing Brands has a 52 week low of $7.82 and a 52 week high of $55.24.

BellRing Brands (NYSE:BRBR) last posted 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 company had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period last year, the business earned $0.53 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that BellRing Brands will post 1.24 earnings per share for the current fiscal year.

About BellRing Brands

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.