Q3 2022 EPS Estimates for BellRing Brands, Inc. Cut by Analyst (NYSE:BRBR)

BellRing Brands, Inc. (NYSE:BRBRGet Rating) – Research analysts at Jefferies Financial Group lowered their Q3 2022 earnings estimates for shares of BellRing Brands in a report released on Monday, June 20th. Jefferies Financial Group analyst R. Dickerson now forecasts that the company will post earnings per share of $0.30 for the quarter, down from their prior estimate of $0.33. The consensus estimate for BellRing Brands’ current full-year earnings is $1.15 per share. Jefferies Financial Group also issued estimates for BellRing Brands’ Q4 2022 earnings at $0.31 EPS, FY2022 earnings at $1.15 EPS and FY2023 earnings at $1.30 EPS.

BellRing Brands (NYSE:BRBRGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $315.20 million for the quarter, compared to the consensus estimate of $306.90 million. BellRing Brands had a net margin of 2.20% and a negative return on equity of 1.94%.

BRBR has been the subject of several other reports. Morgan Stanley cut their target price on shares of BellRing Brands from $32.00 to $29.00 and set an “overweight” rating for the company in a research note on Tuesday, April 26th. Credit Suisse Group cut their target price on shares of BellRing Brands from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 16th. Mizuho cut their price target on shares of BellRing Brands from $33.00 to $30.00 in a research report on Tuesday, May 3rd. BMO Capital Markets increased their target price on BellRing Brands from $33.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, March 11th. Finally, The Goldman Sachs Group decreased their price target on shares of BellRing Brands from $43.00 to $37.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average target price of $31.14.

NYSE BRBR opened at $25.58 on Wednesday. The company has a 50 day moving average price of $24.34 and a two-hundred day moving average price of $24.97. BellRing Brands has a 12-month low of $20.36 and a 12-month high of $34.19. The stock has a market capitalization of $3.49 billion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 1.05 and a beta of 0.92.

Large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new stake in shares of BellRing Brands in the 1st quarter valued at about $31,000. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of BellRing Brands in the 1st quarter worth approximately $32,000. SRS Capital Advisors Inc. bought a new stake in shares of BellRing Brands in the 1st quarter worth approximately $36,000. Atwood & Palmer Inc. purchased a new position in shares of BellRing Brands in the 1st quarter valued at approximately $37,000. Finally, CWM LLC purchased a new position in shares of BellRing Brands in the 1st quarter valued at approximately $37,000.

In other news, Director Elliot Stein, Jr. bought 2,000 shares of the stock in a transaction dated Thursday, May 12th. The shares were bought at an average cost of $23.67 per share, with a total value of $47,340.00. Following the completion of the transaction, the director now directly owns 19,551 shares of the company’s stock, valued at $462,772.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.

BellRing Brands Company Profile (Get Rating)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Earnings History and Estimates for BellRing Brands (NYSE:BRBR)

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