BellRing Brands Inc. (NYSE:BRBR) Receives $19.82 Average PT from Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have earned an average recommendation of “Hold” from the eighteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.8214.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Stifel Nicolaus raised their price target on shares of BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Stephens restated an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research report on Thursday, July 9th. Zacks Research raised shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, DA Davidson increased their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, August 5th.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently made changes to their positions in the stock. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of BellRing Brands during the 2nd quarter worth $42,868,000. BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 1,092,328 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of BellRing Brands by 25.0% in the first quarter. Bank of America Corp DE now owns 1,248,761 shares of the company’s stock valued at $20,093,000 after purchasing an additional 250,144 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of BellRing Brands by 154.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 444,048 shares of the company’s stock valued at $7,145,000 after purchasing an additional 269,644 shares during the period. Finally, Pictet Asset Management Holding SA grew its holdings in shares of BellRing Brands by 5.6% in 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 purchasing an additional 60,005 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $10.23 on Friday. BellRing Brands has a 1 year low of $7.82 and a 1 year high of $43.02. The firm has a market capitalization of $1.19 billion, a PE ratio of 7.20, a P/E/G ratio of 5.97 and a beta of 0.45. The business’s 50 day moving average price is $11.87 and its 200-day moving average price is $13.68.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, analysts expect that BellRing Brands will post 1.03 earnings per share for the current 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.