BellRing Brands (NYSE:BRBR) Shares Up 5.4% – Time to Buy?

BellRing Brands Inc. (NYSE:BRBR)’s share price rose 5.4% on Monday . The stock traded as high as $16.08 and last traded at $16.1850. Approximately 1,713,826 shares changed hands during trading, a decline of 58% from the average daily volume of 4,078,652 shares. The stock had previously closed at $15.35.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRBR. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $31.00 target price on shares of BellRing Brands in a research report on Monday, January 26th. UBS Group set a $23.00 price target on BellRing Brands in a research note on Wednesday, February 4th. Morgan Stanley set a $32.00 price objective on BellRing Brands in a report on Friday, January 16th. Bank of America increased their price objective on BellRing Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Twelve 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.25.

BellRing Brands Trading Up 5.2%

The company’s fifty day moving average is $19.61 and its 200 day moving average is $26.99. The company has a market cap of $1.89 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 3.03 and a beta of 0.69.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The business had revenue of $537.30 million during the quarter, compared to the consensus estimate of $505.44 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. Analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein bought 2,000 shares of the stock in a transaction dated Friday, February 13th. The stock was bought at an average price of $17.75 per share, with a total value of $35,500.00. Following the purchase, the director owned 7,391 shares in the company, valued at approximately $131,190.25. The trade was a 37.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of BellRing Brands by 820.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,808 shares of the company’s stock valued at $1,662,000 after purchasing an additional 42,612 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of BellRing Brands by 331.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock worth $35,733,000 after buying an additional 1,026,921 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of BellRing Brands in the third quarter worth $1,287,000. Boothbay Fund Management LLC raised its holdings in BellRing Brands by 1,954.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock valued at $7,514,000 after buying an additional 196,655 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in BellRing Brands by 17.0% during the 3rd quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock valued at $91,604,000 after buying an additional 366,121 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

About BellRing Brands

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.