Analysts Set BellRing Brands Inc. (NYSE:BRBR) PT at $23.73

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given an average rating of “Hold” by the nineteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $22.4667.

Several research analysts recently weighed in on BRBR shares. Barclays dropped their price target on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus lowered their target price on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. DA Davidson dropped their target price on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings lowered shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. Finally, William Blair reaffirmed an “outperform” rating on shares of BellRing Brands in a research report on Tuesday, February 3rd.

BellRing Brands Stock Performance

BellRing Brands stock opened at $9.70 on Wednesday. BellRing Brands has a 52 week low of $9.00 and a 52 week high of $67.00. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 4.49 and a beta of 0.74. The company has a 50 day moving average price of $15.30 and a 200 day moving average price of $22.25.

BellRing Brands (NYSE:BRBR) last announced its earnings results 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 firm 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%. BellRing Brands’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. Equities analysts forecast that BellRing Brands will post 1.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the purchase, the director owned 13,326 shares in the company, valued at $122,998.98. This represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its stake in BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after buying an additional 419 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after buying an additional 456 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after buying an additional 467 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 524 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.