BellRing Brands (NYSE:BRBR) Price Target Raised to $15.00

BellRing Brands (NYSE:BRBR) had its price target hoisted by DA Davidson from $13.00 to $15.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

BRBR has been the subject of several other reports. Stifel Nicolaus raised their price objective on shares of BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Morgan Stanley restated an “equal weight” rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. UBS Group boosted their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Sanford C. Bernstein cut BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Finally, Bank of America cut their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.82.

BellRing Brands Stock Down 4.6%

Shares of NYSE BRBR opened at $11.55 on Wednesday. The company’s fifty day moving average is $11.46 and its 200-day moving average is $14.82. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 6.79 and a beta of 0.45. BellRing Brands has a twelve month low of $7.82 and a twelve month high of $43.02.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The company had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that BellRing Brands will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director owned 13,326 shares in the company, 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. 1.50% of the stock is currently owned by insiders.

Institutional Trading of BellRing Brands

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake 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 worth $72,000 after buying an additional 373 shares during the last quarter. Treasurer of the State of North Carolina boosted 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 during the period. Tower Research Capital LLC TRC lifted its position in shares of BellRing Brands by 9.6% during the 2nd 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 during the period. Larson Financial Group LLC increased its holdings in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of BellRing Brands by 5.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock valued at $257,000 after buying an additional 536 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.