BellRing Brands (NYSE:BRBR) Earns “Hold” Rating from TD Cowen

BellRing Brands (NYSE:BRBR)‘s stock had its “hold” rating reissued by stock analysts at TD Cowen in a report issued on Thursday, Marketbeat reports. They currently have a $31.00 target price on the stock, down from their prior target price of $37.00. TD Cowen’s target price indicates a potential upside of 3.85% from the stock’s previous close.

BRBR has been the subject of several other research reports. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Zacks Research lowered BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Morgan Stanley lowered their target price on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday. Bank of America reaffirmed a “neutral” rating and set a $28.00 price target (down previously from $50.00) on shares of BellRing Brands in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on BellRing Brands from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.20.

BellRing Brands Price Performance

BRBR opened at $29.85 on Thursday. BellRing Brands has a 1 year low of $22.45 and a 1 year high of $80.67. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 3.91 and a beta of 0.70. The firm’s fifty day moving average price is $32.71 and its two-hundred day moving average price is $46.20.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $633.21 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. BellRing Brands has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has authorized a stock buyback plan on Tuesday, September 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Maseco LLP purchased a new position in BellRing Brands during the second quarter valued at approximately $25,000. Farther Finance Advisors LLC raised 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 worth $27,000 after buying an additional 419 shares in the last quarter. Danske Bank A S purchased a new position in BellRing Brands during the third quarter worth about $29,000. TCTC Holdings LLC increased its stake in BellRing Brands by 87.6% in the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after acquiring an additional 190 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at about $35,000. Institutional investors own 94.97% of the company’s stock.

About BellRing Brands

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.