BellRing Brands Inc. (NYSE:BRBR) Receives $44.00 Average Target Price from Brokerages

BellRing Brands Inc. (NYSE:BRBR) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.25.

Several analysts have recently issued reports on the company. Sanford C. Bernstein assumed coverage on BellRing Brands in a research report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $62.00 target price on shares of BellRing Brands in a report on Monday, December 15th. Mizuho lowered their price target on shares of BellRing Brands from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Stifel Nicolaus cut their price objective on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BellRing Brands in a research report on Monday, December 29th.

BellRing Brands Price Performance

BRBR stock opened at $23.72 on Thursday. The company’s 50 day simple moving average is $28.58 and its 200-day simple moving average is $37.33. BellRing Brands has a 12 month low of $21.67 and a 12 month high of $80.67. The firm has a market capitalization of $2.84 billion, a PE ratio of 14.12, a P/E/G ratio of 3.16 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The company had revenue of $648.20 million for the quarter, compared to analyst estimates of $633.21 million. BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, sell-side analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

Insider Activity

In other news, insider Douglas J. Cornille sold 3,970 shares of BellRing Brands stock in a transaction on Monday, December 1st. The stock was sold at an average price of $30.93, for a total value of $122,792.10. Following the completion of the sale, the insider owned 54,812 shares of the company’s stock, valued at $1,695,335.16. The trade was a 6.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Trading of BellRing Brands

A number of hedge funds have recently added to or reduced their stakes in BRBR. McIlrath & Eck LLC increased its stake in shares of BellRing Brands by 13.6% during the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock valued at $105,000 after acquiring an additional 169 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in BellRing Brands by 2.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,083 shares of the company’s stock worth $526,000 after purchasing an additional 200 shares during the last quarter. Shilanski & Associates Inc. raised its stake in BellRing Brands by 1.2% during the second quarter. Shilanski & Associates Inc. now owns 23,218 shares of the company’s stock worth $1,345,000 after purchasing an additional 264 shares during the period. VestGen Investment Management boosted its holdings in shares of BellRing Brands by 5.0% in the 2nd quarter. VestGen Investment Management now owns 6,080 shares of the company’s stock valued at $352,000 after purchasing an additional 292 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of BellRing Brands by 22.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,743 shares of the company’s stock valued at $101,000 after purchasing an additional 325 shares during 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.