BellRing Brands (NYSE:BRBR) Given Hold Rating at TD Cowen

BellRing Brands (NYSE:BRBR)‘s stock had its “hold” rating reiterated by investment analysts at TD Cowen in a research note issued on Thursday, MarketBeat.com reports. They currently have a $31.00 price objective on the stock, down from their previous price objective of $37.00. TD Cowen’s target price points to a potential upside of 5.89% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Truist Financial dropped their price target on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, August 6th. Jefferies Financial Group restated a “buy” rating and set a $48.00 price objective on shares of BellRing Brands in a research report on Wednesday. Barclays cut their target price on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley lowered their price target on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Sanford C. Bernstein initiated coverage on BellRing Brands in a report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price objective for the company. Eleven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $44.53.

BellRing Brands Trading Up 11.5%

BellRing Brands stock opened at $29.28 on Thursday. BellRing Brands has a 12 month low of $22.45 and a 12 month high of $80.67. The stock has a fifty day simple moving average of $33.02 and a two-hundred day simple moving average of $46.65. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.53 and a beta of 0.70.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The business had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. During the same period last year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. BellRing Brands has set its FY 2026 guidance at EPS. On average, equities research analysts forecast that BellRing Brands will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, September 2nd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 78.9% during the 1st quarter. IFP Advisors Inc now owns 2,891 shares of the company’s stock valued at $215,000 after buying an additional 1,275 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in BellRing Brands by 18.2% in the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 202,009 shares of the company’s stock worth $15,042,000 after buying an additional 31,069 shares in the last quarter. Dorsey Wright & Associates raised its holdings in BellRing Brands by 2.3% during the first quarter. Dorsey Wright & Associates now owns 51,568 shares of the company’s stock valued at $3,840,000 after acquiring an additional 1,139 shares during the period. Carnegie Investment Counsel lifted its position in shares of BellRing Brands by 0.8% in the first quarter. Carnegie Investment Counsel now owns 55,352 shares of the company’s stock valued at $3,881,000 after acquiring an additional 435 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its stake in shares of BellRing Brands by 2.5% in the first quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company’s stock worth $478,000 after acquiring an additional 157 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

About BellRing Brands

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.