BellRing Brands (NYSE:BRBR) Price Target Lowered to $35.00 at Evercore ISI

BellRing Brands (NYSE:BRBR) had its target price lowered by analysts at Evercore ISI from $40.00 to $35.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective indicates a potential upside of 24.32% from the company’s current price.

Several other analysts also recently weighed in on the stock. Barclays reissued an “overweight” rating and set a $32.00 target price on shares of BellRing Brands in a research report on Wednesday. UBS Group reduced their price objective on BellRing Brands from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Mizuho decreased their target price on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. Jefferies Financial Group reissued a “buy” rating and issued a $48.00 price objective on shares of BellRing Brands in a research note on Wednesday. Finally, DA Davidson reissued a “buy” rating and set a $58.00 price objective on shares of BellRing Brands in a research report on Wednesday. Thirteen research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $47.06.

BellRing Brands Stock Up 7.2%

NYSE:BRBR traded up $1.89 during mid-day trading on Wednesday, hitting $28.15. 1,922,041 shares of the company traded hands, compared to its average volume of 2,446,780. BellRing Brands has a one year low of $22.45 and a one year high of $80.67. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 1.49 and a beta of 0.70. The stock’s fifty day moving average price is $33.17 and its 200-day moving average price is $46.77.

BellRing Brands (NYSE:BRBR) last posted its 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 negative return on equity of 123.43% and a net margin of 10.26%.The business had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 16.6% on a year-over-year basis. BellRing Brands has set its FY 2026 guidance at EPS. Equities analysts predict that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands declared that its board has approved a stock buyback plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. TT International Asset Management LTD lifted its holdings in BellRing Brands by 199.8% during the 2nd quarter. TT International Asset Management LTD now owns 73,616 shares of the company’s stock worth $4,265,000 after buying an additional 49,064 shares during the last quarter. Independence Bank of Kentucky grew its holdings in BellRing Brands by 91.5% in the 2nd quarter. Independence Bank of Kentucky now owns 22,634 shares of the company’s stock worth $1,311,000 after buying an additional 10,814 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of BellRing Brands by 216.1% during the second quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company’s stock valued at $1,043,000 after purchasing an additional 12,310 shares during the period. MRA Advisory Group bought a new stake in shares of BellRing Brands during the 2nd quarter worth about $448,000. Finally, Wilson Asset Management International PTY Ltd. lifted its position in BellRing Brands by 11.4% in the second quarter. Wilson Asset Management International PTY Ltd. now owns 93,373 shares of the company’s stock worth $5,409,000 after purchasing an additional 9,554 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, 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.