BellRing Brands Inc. (NYSE:BRBR) Given Consensus Rating of “Hold” by Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR) have received a consensus rating of “Hold” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has 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 brokers that have issued a report on the stock in the last year is $19.8214.

A number of brokerages recently issued reports on BRBR. Stephens reissued an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Barclays boosted their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Stifel Nicolaus upped their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Zacks Research raised shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in BRBR. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in BellRing Brands in the 2nd quarter valued at approximately $901,000. California State Teachers Retirement System lifted its stake in BellRing Brands by 1,193.6% during the second quarter. California State Teachers Retirement System now owns 1,730,557 shares of the company’s stock worth $22,393,000 after purchasing an additional 1,596,774 shares in the last quarter. Wedmont Private Capital purchased a new position in shares of BellRing Brands during the second quarter worth $1,593,000. AXQ Capital LP boosted its position in shares of BellRing Brands by 24.5% during the second quarter. AXQ Capital LP now owns 150,838 shares of the company’s stock worth $1,952,000 after buying an additional 29,636 shares during the period. Finally, Nykredit A S purchased a new position in shares of BellRing Brands during the second quarter worth $65,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

BRBR opened at $10.75 on Friday. The stock has a market capitalization of $1.25 billion, a PE ratio of 7.57, a P/E/G ratio of 6.36 and a beta of 0.45. BellRing Brands has a one year low of $7.82 and a one year high of $43.02. The business’s 50 day moving average price is $11.95 and its 200 day moving average price is $13.54.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The business had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same period last year, the business earned $0.55 EPS. BellRing Brands’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that BellRing Brands will post 1.03 earnings per share for the current fiscal year.

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.