BellRing Brands, Inc. (NYSE:BRBR) Receives $79.25 Average Target Price from Analysts

Shares of BellRing Brands, Inc. (NYSE:BRBR) have earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $77.00.

Several analysts have commented on BRBR shares. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, February 4th. Truist Financial cut their price target on BellRing Brands from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Thursday. Mizuho boosted their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Barclays set a $75.00 target price on BellRing Brands and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group lowered their price objective on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating on the stock in a research report on Wednesday.

Insiders Place Their Bets

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total value of $239,814.96. Following the sale, the insider now directly owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,828 shares of company stock worth $16,917,365 in the last quarter. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc lifted its stake in BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC lifted its position in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after buying an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after buying an additional 283 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of BellRing Brands by 283.3% in the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after buying an additional 340 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Trading Down 1.1 %

Shares of BellRing Brands stock opened at $61.18 on Friday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.67. The firm’s 50 day simple moving average is $72.00 and its two-hundred day simple moving average is $73.46. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The business had revenue of $588.00 million for the quarter, compared to analyst estimates of $577.56 million. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue was up 18.9% on a year-over-year basis. On average, sell-side analysts predict that BellRing Brands will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has approved a stock buyback program on Thursday, March 6th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to repurchase up to 3.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.