BellRing Brands Inc. (NYSE:BRBR) Receives $19.82 Average Price Target from Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR) have been assigned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.8214.

Several equities research analysts have recently commented on BRBR shares. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. DA Davidson upped their price target on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. UBS Group upped their price target on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price target for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC increased its position in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the last quarter. Danske Bank A S acquired a new stake in shares of BellRing Brands in the third quarter valued at approximately $29,000. IFP Advisors Inc lifted its position in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of BellRing Brands by 333.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after acquiring an additional 1,428 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of BellRing Brands by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after acquiring an additional 1,109 shares during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR opened at $10.27 on Friday. The business’s 50-day simple moving average is $12.00 and its 200 day simple moving average is $13.41. BellRing Brands has a 52-week low of $7.82 and a 52-week high of $43.02. The firm has a market capitalization of $1.19 billion, a PE ratio of 7.23, a PEG ratio of 6.33 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The company had revenue of $570.40 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $0.55 earnings per share. On average, research analysts forecast 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.