Analysts Set BellRing Brands Inc. (NYSE:BRBR) Price Target at $64.80

Shares of BellRing Brands Inc. (NYSE:BRBR) have been assigned an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $64.80.

BRBR has been the topic of several recent analyst reports. Evercore ISI cut their target price on shares of BellRing Brands from $82.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on shares of BellRing Brands in a report on Wednesday, August 20th. They set an “overweight” rating and a $52.00 target price for the company. Jefferies Financial Group boosted their price target on BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. UBS Group lowered their price target on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Morgan Stanley cut their price objective on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 6th.

Insider Transactions at BellRing Brands

In other news, Director Shawn Conway acquired 1,316 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $49,999.99 per share, with a total value of $65,799,986.84. Following the transaction, the director owned 8,001 shares in the company, valued at $400,049,919.99. The trade was a 19.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the transaction, the chief executive officer owned 193,978 shares in the company, valued at $10,509,728.04. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. Corporate insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in BellRing Brands by 1,105.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,339 shares of the company’s stock valued at $3,416,000 after buying an additional 41,578 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of BellRing Brands by 175.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares in the last quarter. Versant Capital Management Inc lifted its position in BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after acquiring an additional 366 shares during the period. GAMMA Investing LLC boosted its stake in BellRing Brands by 8,255.1% during the first quarter. GAMMA Investing LLC now owns 172,449 shares of the company’s stock worth $12,841,000 after acquiring an additional 170,385 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in BellRing Brands by 9.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,088 shares of the company’s stock worth $379,000 after purchasing an additional 419 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Trading Down 2.4%

BRBR opened at $35.00 on Tuesday. BellRing Brands has a 12 month low of $34.02 and a 12 month high of $80.67. The business’s 50-day moving average price is $40.27 and its 200-day moving average price is $56.67. The company has a market cap of $4.41 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.62 and a beta of 0.75.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.BellRing Brands’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. Equities research analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has approved a share repurchase program on Tuesday, September 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

BellRing Brands Company Profile

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.