BellRing Brands (NYSE:BRBR) Shares Up 6.7% – Time to Buy?

Shares of BellRing Brands Inc. (NYSE:BRBRGet Free Report) rose 6.7% during trading on Tuesday . The company traded as high as $25.56 and last traded at $25.5130. Approximately 272,170 shares changed hands during trading, a decline of 93% from the average daily volume of 3,767,750 shares. The stock had previously closed at $23.91.

Key Stories Impacting BellRing Brands

Here are the key news stories impacting BellRing Brands this week:

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BRBR shares. Evercore ISI reduced their target price on BellRing Brands from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Deutsche Bank Aktiengesellschaft set a $62.00 price objective on BellRing Brands in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BellRing Brands in a report on Monday, December 29th. Stifel Nicolaus cut their price target on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, DA Davidson set a $38.00 price target on shares of BellRing Brands in a research report on Thursday, November 20th. Eleven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.56.

Check Out Our Latest Research Report on BellRing Brands

BellRing Brands Trading Down 0.5%

The firm has a 50-day moving average of $28.30 and a 200 day moving average of $36.14. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 3.87 and a beta of 0.65.

BellRing Brands (NYSE:BRBRGet Free Report) 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). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The firm had revenue of $648.20 million during the quarter, compared to analyst estimates of $633.21 million. During the same period last year, the business earned $0.51 EPS. The firm’s revenue was up 16.6% compared to the same quarter last year. As a group, research analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Transactions at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,970 shares of BellRing Brands stock in a transaction 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 owned 54,812 shares of the company’s stock, valued at $1,695,335.16. The trade was a 6.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by company insiders.

Institutional Trading of BellRing Brands

Institutional investors have recently added to or reduced their stakes in the stock. Maseco LLP bought a new stake in shares of BellRing Brands in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC grew its stake in BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S acquired a new position in BellRing Brands in the third quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in BellRing Brands in the third quarter valued at about $35,000. Finally, IFP Advisors Inc raised its stake in BellRing Brands by 124.3% during 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 in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Company Profile

(Get Free Report)

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.

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