BellRing Brands (NYSE:BRBR) Price Target Raised to $13.50

BellRing Brands (NYSE:BRBR) had its price objective boosted by UBS Group from $12.00 to $13.50 in a report issued on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the company. TD Cowen reduced their target price on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. BTIG Research began coverage on shares of BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Barclays lowered their price objective on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Hold” and a consensus price target of $20.57.

BellRing Brands Price Performance

BRBR opened at $12.14 on Thursday. BellRing Brands has a 12-month low of $7.82 and a 12-month high of $59.10. The stock has a market capitalization of $1.41 billion, a PE ratio of 9.41, a P/E/G ratio of 5.96 and a beta of 0.45. The firm’s fifty day moving average price is $10.34 and its 200 day moving average price is $16.09.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). The company had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.BellRing Brands’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that BellRing Brands will post 1.22 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its holdings 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 valued at $35,733,000 after buying an additional 1,026,921 shares during the period. Retirement Systems of Alabama boosted its stake in BellRing Brands by 55.2% during the fourth quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock valued at $14,406,000 after buying an additional 191,638 shares in the last quarter. E. Ohman J or Asset Management AB boosted its stake in BellRing Brands by 27.2% during the fourth quarter. E. Ohman J or Asset Management AB now owns 711,625 shares of the company’s stock valued at $19,022,000 after buying an additional 151,990 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in BellRing Brands by 125.3% during the fourth quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company’s stock worth $52,506,000 after acquiring an additional 1,092,328 shares during the period. Finally, SG Americas Securities LLC grew its holdings in BellRing Brands by 8,637.4% during the fourth quarter. SG Americas Securities LLC now owns 280,907 shares of the company’s stock worth $7,509,000 after acquiring an additional 277,692 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.