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

BellRing Brands Inc. (NYSE:BRBR) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $43.75.

BRBR has been the topic of a number of research analyst reports. Cowen reissued a “hold” rating on shares of BellRing Brands in a research report on Thursday. Weiss Ratings reissued a “hold (c-)” rating on shares of BellRing Brands in a report on Monday, December 29th. DA Davidson set a $38.00 target price on BellRing Brands in a research report on Thursday, November 20th. Sanford C. Bernstein started coverage on BellRing Brands in a research report on Thursday, October 23rd. They set an “outperform” rating and a $46.00 price target on the stock. Finally, Barclays decreased their price objective on BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th.

BellRing Brands Trading Down 6.8%

BRBR stock opened at $23.13 on Thursday. The stock has a market cap of $2.77 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.40 and a beta of 0.65. The stock’s fifty day simple moving average is $28.85 and its two-hundred day simple moving average is $37.68. BellRing Brands has a 1-year low of $21.67 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $648.20 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.51 earnings per share. As a group, analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Douglas J. Cornille sold 3,970 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the sale, the insider directly owned 54,812 shares in the company, valued at approximately $1,695,335.16. This represents a 6.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BellRing Brands

Large investors have recently made changes to their positions in the stock. Maseco LLP purchased a new stake in BellRing Brands during the 2nd quarter worth about $25,000. Farther Finance Advisors LLC boosted its position in shares of BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after acquiring an additional 419 shares during the period. Danske Bank A S bought a new stake in BellRing Brands during the 3rd quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in BellRing Brands in the 3rd quarter worth approximately $35,000. Finally, IFP Advisors Inc boosted its holdings in BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the period. 94.97% of the stock is owned by institutional investors.

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.