BellRing Brands (NYSE:BRBR) Given “Neutral” Rating at Bank of America

BellRing Brands (NYSE:BRBR)‘s stock had its “neutral” rating reaffirmed by stock analysts at Bank of America in a report issued on Wednesday,Benzinga reports. They currently have a $28.00 price target on the stock, down from their prior price target of $50.00. Bank of America‘s price target would suggest a potential upside of 6.41% from the stock’s current price.

BRBR has been the subject of a number of other research reports. UBS Group dropped their price objective on BellRing Brands from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Sanford C. Bernstein started coverage on BellRing Brands in a research note on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 target price for the company. TD Cowen lowered their price target on BellRing Brands from $45.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Morgan Stanley cut their price objective on shares of BellRing Brands from $58.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.56.

BellRing Brands Price Performance

BRBR stock opened at $26.31 on Wednesday. The company’s 50 day simple moving average is $33.17 and its 200-day simple moving average is $46.77. BellRing Brands has a 12 month low of $22.45 and a 12 month high of $80.67. The firm has a market capitalization of $3.32 billion, a PE ratio of 15.04, a P/E/G ratio of 1.49 and a beta of 0.70.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $633.21 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. BellRing Brands’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. BellRing Brands has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has authorized a share repurchase plan on Tuesday, September 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. TT International Asset Management LTD increased its holdings in BellRing Brands by 199.8% in the 2nd quarter. TT International Asset Management LTD now owns 73,616 shares of the company’s stock valued at $4,265,000 after purchasing an additional 49,064 shares in the last quarter. Independence Bank of Kentucky raised its holdings in shares of BellRing Brands by 91.5% during the 2nd quarter. Independence Bank of Kentucky now owns 22,634 shares of the company’s stock valued at $1,311,000 after buying an additional 10,814 shares during the period. Vontobel Holding Ltd. lifted its position in BellRing Brands by 216.1% during the 2nd quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company’s stock worth $1,043,000 after acquiring an additional 12,310 shares in the last quarter. MRA Advisory Group acquired a new position in BellRing Brands during the 2nd quarter worth approximately $448,000. Finally, Wilson Asset Management International PTY Ltd. boosted its holdings in BellRing Brands by 11.4% in the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 93,373 shares of the company’s stock worth $5,409,000 after acquiring an additional 9,554 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.