BellRing Brands (NYSE:BRBR) Given New $19.00 Price Target at UBS Group

BellRing Brands (NYSE:BRBR) had its price objective dropped by UBS Group from $23.00 to $19.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective suggests a potential upside of 21.84% from the stock’s previous close.

A number of other analysts have also recently issued reports on the company. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $31.00 price objective on shares of BellRing Brands in a research report on Monday, January 26th. Barclays reaffirmed an “overweight” rating on shares of BellRing Brands in a research report on Thursday, February 5th. Morgan Stanley set a $32.00 price objective on BellRing Brands in a research report on Friday, January 16th. Finally, William Blair reaffirmed an “outperform” rating on shares of BellRing Brands in a research report on Tuesday, February 3rd. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and an average target price of $37.00.

BellRing Brands Trading Down 0.9%

Shares of BellRing Brands stock traded down $0.14 during trading on Tuesday, reaching $15.59. The stock had a trading volume of 1,245,947 shares, compared to its average volume of 4,036,026. BellRing Brands has a 52 week low of $14.43 and a 52 week high of $79.57. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 10.67, a P/E/G ratio of 3.28 and a beta of 0.73. The stock has a fifty day moving average price of $18.35 and a two-hundred day moving average price of $26.11.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. The business had revenue of $537.30 million for the quarter, compared to analyst estimates of $505.44 million. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.BellRing Brands’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. On average, equities analysts forecast that BellRing Brands will post 2.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 2,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the acquisition, the director owned 7,391 shares in the company, valued at approximately $131,190.25. The trade was a 37.10% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Institutional Trading of BellRing Brands

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of BellRing Brands by 42.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after acquiring an additional 373 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares during the period. Treasurer of the State of North Carolina raised its holdings 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 worth $3,434,000 after purchasing an additional 456 shares during the period. Tower Research Capital LLC TRC grew its stake in BellRing Brands by 9.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock valued at $308,000 after buying an additional 467 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.