Truist Financial Has Lowered Expectations for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR) had its price target dropped by equities research analysts at Truist Financial from $75.00 to $65.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price points to a potential upside of 6.24% from the stock’s current price.

Several other equities research analysts have also issued reports on BRBR. Mizuho increased their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Evercore ISI decreased their price objective on shares of BellRing Brands from $90.00 to $82.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley assumed coverage on shares of BellRing Brands in a report on Monday, March 24th. They issued an “overweight” rating and a $84.00 target price for the company. UBS Group decreased their price target on BellRing Brands from $81.00 to $71.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Citigroup dropped their price objective on BellRing Brands from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.00.

BellRing Brands Trading Down 1.1 %

BRBR opened at $61.18 on Thursday. The firm’s 50 day simple moving average is $72.00 and its two-hundred day simple moving average is $73.46. The company has a market capitalization of $7.85 billion, a PE ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $577.56 million. During the same period last year, the firm earned $0.45 EPS. BellRing Brands’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its Board of Directors has approved a share repurchase program on Thursday, March 6th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at BellRing Brands

In other BellRing Brands news, insider Douglas J. Cornille sold 3,192 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the sale, the insider now directly owns 57,836 shares of the company’s stock, valued at $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert V. Vitale sold 79,068 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $77.04, for a total value of $6,091,398.72. Following the completion of the sale, the director now directly owns 982,706 shares of the company’s stock, valued at $75,707,670.24. The trade was a 7.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 221,828 shares of company stock worth $16,917,365 in the last three months. Insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock worth $29,000 after purchasing an additional 366 shares during the period. TCTC Holdings LLC lifted its stake in BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after purchasing an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the period. First Horizon Advisors Inc. grew its stake in shares of BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after buying an additional 340 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the period. Institutional investors own 94.97% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.