BellRing Brands (NYSE:BRBR) Stock Price Up 5.7% After Analyst Upgrade

BellRing Brands Inc. (NYSE:BRBR) was up 5.7% during trading on Friday after UBS Group raised their price target on the stock from $12.00 to $13.50. UBS Group currently has a neutral rating on the stock. BellRing Brands traded as high as $12.67 and last traded at $12.6740. 680,428 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 4,706,357 shares. The stock had previously closed at $11.99.

Several other brokerages also recently issued reports on BRBR. Bank of America cut their target price on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. DA Davidson upgraded BellRing Brands to a “strong-buy” rating in a report on Monday, July 6th. Stephens reissued an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research report on Thursday, July 9th. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Barclays decreased their price objective on 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.57.

Insider Activity at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the acquisition, the director owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in shares of BellRing Brands by 8.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 46,580 shares of the company’s stock worth $603,000 after purchasing an additional 3,500 shares in the last quarter. GAMMA Investing LLC increased its holdings in BellRing Brands by 96.8% in the second quarter. GAMMA Investing LLC now owns 7,760 shares of the company’s stock worth $100,000 after buying an additional 3,816 shares during the last quarter. Pacer Advisors Inc. increased its holdings in BellRing Brands by 2,125.3% in the first quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock worth $9,499,000 after buying an additional 563,833 shares during the last quarter. Militia Capital Management LLC bought a new position in BellRing Brands during the first quarter valued at approximately $386,000. Finally, Carlson Capital L.P. acquired a new stake in BellRing Brands in the first quarter valued at approximately $660,000. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Stock Up 5.9%

The company’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $16.12. The company has a market capitalization of $1.48 billion, a P/E ratio of 9.80, a P/E/G ratio of 5.95 and a beta of 0.45.

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

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.