BellRing Brands (NYSE:BRBR) Price Target Raised to $13.50 at UBS Group

BellRing Brands (NYSE:BRBR) had its target price hoisted by UBS Group from $12.00 to $13.50 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 8.91% from the stock’s previous close.

A number of other brokerages have also commented on BRBR. Barclays decreased their target price 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. BTIG Research initiated coverage on BellRing Brands in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Bank of America lowered their target price 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. Morgan Stanley reissued 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. Finally, TD Cowen decreased their price target on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.57.

BellRing Brands Stock Performance

Shares of BellRing Brands stock traded up $0.30 on Thursday, reaching $12.39. 599,857 shares of the company’s stock were exchanged, compared to its average volume of 4,719,331. The company has a market capitalization of $1.44 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 5.95 and a beta of 0.45. BellRing Brands has a 52 week low of $7.82 and a 52 week high of $59.10. The firm’s 50-day moving average is $10.28 and its two-hundred day moving average is $16.25.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The company had revenue of $598.70 million for 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 was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. On average, analysts expect that BellRing Brands will post 1.22 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of BellRing Brands stock in a transaction dated Wednesday, May 13th. The stock was bought at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the acquisition, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently bought and sold shares of BRBR. Assenagon Asset Management S.A. boosted its stake in shares of BellRing Brands by 331.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock valued at $35,733,000 after purchasing an additional 1,026,921 shares in the last quarter. Retirement Systems of Alabama boosted its position in BellRing Brands by 55.2% during the fourth quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock valued at $14,406,000 after buying an additional 191,638 shares during the period. E. Ohman J or Asset Management AB grew its stake in shares of BellRing Brands by 27.2% during the fourth quarter. E. Ohman J or Asset Management AB now owns 711,625 shares of the company’s stock valued at $19,022,000 after buying an additional 151,990 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of BellRing Brands by 125.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company’s stock worth $52,506,000 after buying an additional 1,092,328 shares during the period. Finally, SG Americas Securities LLC grew its position in BellRing Brands by 8,637.4% during the 4th quarter. SG Americas Securities LLC now owns 280,907 shares of the company’s stock worth $7,509,000 after acquiring an additional 277,692 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

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.