BellRing Brands Inc. (NYSE:BRBR) Receives $37.25 Average PT from Analysts

BellRing Brands Inc. (NYSE:BRBR) has been given a consensus recommendation of “Moderate Buy” by the nineteen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $37.25.

Several equities research analysts recently issued reports on BRBR shares. UBS Group set a $23.00 price objective on shares of BellRing Brands in a research note on Wednesday, February 4th. William Blair reiterated an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 target price on shares of BellRing Brands in a research report on Monday, January 26th. TD Cowen reissued a “hold” rating on shares of BellRing Brands in a research report on Thursday, January 8th. Finally, DA Davidson restated a “buy” rating and set a $32.00 target price on shares of BellRing Brands in a research note on Wednesday, February 4th.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 2,000 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was bought at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the director directly owned 7,391 shares in the company, valued at $131,190.25. This represents a 37.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of BellRing Brands by 820.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,808 shares of the company’s stock worth $1,662,000 after purchasing an additional 42,612 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of BellRing Brands during the third quarter valued at approximately $1,287,000. Boothbay Fund Management LLC raised its stake in shares of BellRing Brands by 1,954.2% in the third quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock valued at $7,514,000 after purchasing an additional 196,655 shares in the last quarter. Savoir Faire Capital Management L.P. raised its stake in shares of BellRing Brands by 144.4% in the third quarter. Savoir Faire Capital Management L.P. now owns 97,969 shares of the company’s stock valued at $3,561,000 after purchasing an additional 57,879 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of BellRing Brands by 17.0% in the third quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock valued at $91,604,000 after purchasing an additional 366,121 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

BRBR opened at $15.15 on Tuesday. The company has a market capitalization of $1.78 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 3.05 and a beta of 0.69. The business has a 50-day moving average of $19.78 and a 200-day moving average of $27.27. BellRing Brands has a fifty-two week low of $14.71 and a fifty-two week high of $79.57.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The company had revenue of $537.30 million during the quarter, compared to the consensus estimate of $505.44 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts expect that BellRing Brands will post 2.23 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.