Analysts Set BellRing Brands Inc. (NYSE:BRBR) PT at $20.70

Shares of BellRing Brands Inc. (NYSE:BRBR) have earned a consensus rating of “Hold” from the nineteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $20.9667.

A number of analysts have commented on BRBR shares. Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $35.00 to $11.00 in a report on Wednesday, May 6th. Stifel Nicolaus upped their price target on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Stephens reaffirmed an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. DA Davidson upgraded BellRing Brands to a “strong-buy” rating in a report on Monday, July 6th. Finally, Barclays boosted their target price on BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st.

BellRing Brands Stock Down 3.1%

NYSE:BRBR opened at $13.24 on Monday. The company’s 50 day moving average price is $10.93 and its 200-day moving average price is $15.32. BellRing Brands has a 52 week low of $7.82 and a 52 week high of $56.69. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 6.68 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The firm had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.BellRing Brands’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. As a group, sell-side analysts anticipate that BellRing Brands will post 1.23 earnings per share for the current year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the firm’s stock in a transaction dated 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 directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its stake in BellRing Brands by 86.9% during the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after buying an additional 3,258,035 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of BellRing Brands in the 3rd quarter worth $98,944,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 worth $102,380,000 after buying an additional 2,336,029 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of BellRing Brands in the fourth quarter worth $56,465,000. Finally, Wasatch Advisors LP grew its holdings in shares of BellRing Brands by 30.5% in the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after acquiring an additional 1,575,812 shares during the period. Hedge funds and other 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.