BellRing Brands (NYSE:BRBR) Trading 6.7% Higher – What’s Next?

BellRing Brands Inc. (NYSE:BRBR) shares traded up 6.7% during trading on Tuesday . The company traded as high as $25.56 and last traded at $25.5130. 272,170 shares changed hands during trading, a decline of 93% from the average session volume of 3,767,750 shares. The stock had previously closed at $23.91.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BRBR. Cowen reissued a “hold” rating on shares of BellRing Brands in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BellRing Brands in a research report on Monday, December 29th. Bank of America boosted their target price on shares of BellRing Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Stifel Nicolaus cut their price target on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, Morgan Stanley set a $32.00 price objective on shares of BellRing Brands in a report on Friday. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.56.

BellRing Brands Stock Up 11.1%

The firm has a 50 day moving average price of $28.29 and a 200 day moving average price of $36.47. The stock has a market cap of $3.18 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 3.27 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The business had revenue of $648.20 million for the quarter, compared to the consensus estimate of $633.21 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis. Equities analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Insiders Place Their Bets

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the sale, the insider owned 54,812 shares in the company, valued at $1,695,335.16. This represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its position in BellRing Brands by 20.2% during the first quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock valued at $18,868,000 after purchasing an additional 42,666 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of BellRing Brands during the first quarter valued at about $278,000. Maseco LLP bought a new stake in shares of BellRing Brands in the 2nd quarter valued at about $25,000. TD Private Client Wealth LLC boosted its holdings in shares of BellRing Brands by 1,187.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,022 shares of the company’s stock valued at $117,000 after buying an additional 1,865 shares in the last quarter. Finally, Independence Bank of Kentucky grew its position in shares of 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 during the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Company Profile

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.