BellRing Brands Inc. (NYSE:BRBR) Given Average Recommendation of “Hold” by Analysts

BellRing Brands Inc. (NYSE:BRBR) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.4667.

Several equities research analysts have recently issued reports on BRBR shares. UBS Group decreased their price target on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Bank of America reduced their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Jefferies Financial Group decreased their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, Barclays decreased their price objective on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th.

BellRing Brands Stock Performance

BellRing Brands stock opened at $13.21 on Thursday. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $59.10. The firm’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $16.86. The stock has a market cap of $1.54 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 6.87 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The business had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. During the same period in the previous year, the business posted $0.53 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. As a group, analysts predict that BellRing Brands will post 1.22 EPS for the current fiscal year.

Insider Transactions at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the purchase, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the period. Danske Bank A S bought a new position in BellRing Brands in the third quarter worth $29,000. IFP Advisors Inc lifted its position in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after acquiring an additional 573 shares during the period. CI Investments Inc. lifted its holdings in shares of BellRing Brands by 439.1% during the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after purchasing an additional 944 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock valued at $50,000 after buying an additional 1,428 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.