Morgan Stanley Has Lowered Expectations for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR) had its price target reduced by investment analysts at Morgan Stanley from $32.00 to $24.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 45.55% from the company’s previous close.

BRBR has been the subject of several other research reports. Weiss Ratings lowered shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Jefferies Financial Group reduced their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 16th. Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. DA Davidson reaffirmed a “buy” rating and issued a $32.00 price objective on shares of BellRing Brands in a research report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $28.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $33.88.

BellRing Brands Stock Performance

NYSE:BRBR opened at $16.49 on Thursday. BellRing Brands has a one year low of $14.19 and a one year high of $79.57. The firm has a market cap of $1.93 billion, a P/E ratio of 11.37, a P/E/G ratio of 5.29 and a beta of 0.73. The firm has a 50-day simple moving average of $16.94 and a 200-day simple moving average of $24.47.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The business had revenue of $537.30 million during the quarter, compared to analyst estimates of $505.44 million. During the same quarter in the previous year, the business posted $0.58 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, research analysts predict that BellRing Brands will post 1.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Isaiah Finkelstein bought 2,000 shares of the company’s stock in a transaction on Friday, February 13th. The shares were bought at an average price of $17.75 per share, with a total value of $35,500.00. Following the transaction, the director owned 7,391 shares in the company, valued at approximately $131,190.25. This trade represents a 37.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of BellRing Brands

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its position in BellRing Brands by 86.9% during the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Wasatch Advisors LP raised its position in BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after acquiring an additional 1,575,812 shares during the period. Capital Research Global Investors acquired a new position in BellRing Brands during the third quarter worth $172,312,000. The Manufacturers Life Insurance Company raised its position in BellRing Brands by 156.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after acquiring an additional 2,336,029 shares during the period. Finally, Wellington Management Group LLP raised its position in BellRing Brands by 0.5% during the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after acquiring an additional 19,471 shares during the period. 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.