BellRing Brands’ (BRBR) “Overweight” Rating Reiterated at Stephens

BellRing Brands (NYSE:BRBR)‘s stock had its “overweight” rating reaffirmed by investment analysts at Stephens in a note issued to investors on Thursday,Benzinga reports. They presently have a $20.00 target price on the stock. Stephens’ target price points to a potential upside of 65.36% from the stock’s current price.

BRBR has been the subject of several other reports. Jefferies Financial Group reduced their price target on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, March 16th. JPMorgan Chase & Co. lowered their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley reissued an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. UBS Group reduced their target price on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, TD Cowen lowered their price target on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has a consensus rating of “Hold” and an average target price of $20.47.

BellRing Brands Stock Performance

Shares of BRBR opened at $12.10 on Thursday. The firm has a market cap of $1.41 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 6.87 and a beta of 0.45. BellRing Brands has a 52 week low of $7.82 and a 52 week high of $59.10. The firm’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $16.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that BellRing Brands will post 1.22 earnings per share for the current year.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in BellRing Brands by 86.9% in the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after purchasing an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP grew its stake in BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after buying an additional 1,575,812 shares in the last quarter. Capital Research Global Investors bought a new position in BellRing Brands in the 3rd quarter valued at about $172,312,000. The Manufacturers Life Insurance Company increased its holdings in BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after buying an additional 2,336,029 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of BellRing Brands by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after buying an additional 19,471 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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.