BellRing Brands (NYSE:BRBR) Trading Up 8.1% – Should You Buy?

BellRing Brands Inc. (NYSE:BRBR) shares shot up 8.1% during mid-day trading on Tuesday . The company traded as high as $10.86 and last traded at $10.99. 1,348,047 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 4,468,039 shares. The stock had previously closed at $10.17.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley reiterated an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Stifel Nicolaus reduced their price target on BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Bank of America lowered their price objective on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. BTIG Research began coverage on BellRing Brands in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, UBS Group reduced their target price on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.47.

BellRing Brands Trading Up 5.7%

The stock has a 50 day simple moving average of $11.18 and a 200-day simple moving average of $18.15. The firm has a market cap of $1.39 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 5.53 and a beta of 0.56.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $608.88 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. BellRing Brands’s revenue was up 1.8% on a year-over-year basis. On average, equities research analysts expect that BellRing Brands Inc. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director directly owned 13,326 shares in the company, valued at $122,998.98. This represents a 42.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. grew its stake in BellRing Brands by 2,125.3% during the first quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock valued at $9,499,000 after acquiring an additional 563,833 shares in the last quarter. Militia Capital Management LLC purchased a new stake in BellRing Brands in the 1st quarter worth $386,000. Carlson Capital L.P. bought a new position in shares of BellRing Brands during the 1st quarter valued at about $660,000. Bank of America Corp DE boosted its holdings in shares of BellRing Brands by 25.0% during the 1st quarter. Bank of America Corp DE now owns 1,248,761 shares of the company’s stock valued at $20,093,000 after purchasing an additional 250,144 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of BellRing Brands during the 1st quarter valued at about $206,000. Hedge funds and other institutional investors 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.