BellRing Brands (NYSE:BRBR) Shares Up 5.9% – Still a Buy?

BellRing Brands Inc. (NYSE:BRBR)’s share price rose 5.9% during trading on Monday . The stock traded as high as $10.71 and last traded at $10.7890. Approximately 733,550 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 4,585,717 shares. The stock had previously closed at $10.19.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BRBR. DA Davidson lifted their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Barclays increased their target price on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. UBS Group lifted their price target on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. TD Cowen upped their price target on BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, Stephens reiterated an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.82.

BellRing Brands Stock Up 5.8%

The firm has a market cap of $1.25 billion, a P/E ratio of 7.58, a P/E/G ratio of 5.97 and a beta of 0.45. The business has a fifty day moving average of $11.87 and a 200 day moving average of $13.68.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The firm had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the period. Danske Bank A S bought a new stake in shares of BellRing Brands in the third quarter worth $29,000. IFP Advisors Inc increased its holdings in BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the period. Caitong International Asset Management Co. Ltd raised its position in BellRing Brands by 333.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in BellRing Brands by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after buying an additional 1,109 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.