BellRing Brands (NYSE:BRBR) Shares Up 5.4% Following Analyst Upgrade

BellRing Brands Inc. (NYSE:BRBR)’s share price rose 5.4% on Tuesday after DA Davidson upgraded the stock to a strong-buy rating. The company traded as high as $14.03 and last traded at $14.1750. 2,364,686 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 4,727,769 shares. The stock had previously closed at $13.45.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus reduced their target price on BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. UBS Group lowered their price target on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.47.

Insider Transactions at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction that occurred 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 completion of the acquisition, the director owned 13,326 shares in the company, valued at $122,998.98. This trade represents a 42.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC raised its position in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 524 shares during the last quarter. Danske Bank A S acquired a new stake in BellRing Brands during the third quarter worth approximately $29,000. IFP Advisors Inc grew its stake in BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares during the period. CI Investments Inc. increased its stake in BellRing Brands by 439.1% in the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after purchasing an additional 944 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after buying an additional 1,428 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Trading Up 5.4%

The business has a 50 day simple moving average of $10.70 and a 200-day simple moving average of $17.21. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 6.83 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The company had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. Research analysts predict that BellRing Brands Inc. will post 1.22 EPS for the current year.

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.