BellRing Brands Inc. (NYSE:BRBR – Get Free Report) traded down 6.2% during trading on Monday . The company traded as low as $12.92 and last traded at $13.0020. Approximately 290,237 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 4,710,814 shares. The stock had previously closed at $13.86.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on BRBR shares. JPMorgan Chase & Co. reduced their target price on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. DA Davidson lowered their price target on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus dropped their price target on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. TD Cowen dropped their price target on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BellRing Brands currently has a consensus rating of “Hold” and an average price target of $22.47.
Check Out Our Latest Stock Report on BellRing Brands
BellRing Brands Trading Down 7.0%
BellRing Brands (NYSE:BRBR – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, sell-side analysts forecast that BellRing Brands Inc. will post 1.22 EPS for the current fiscal year.
Insider Transactions at BellRing Brands
In other news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the transaction, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BellRing Brands
A number of large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in shares of BellRing Brands by 331.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock worth $35,733,000 after purchasing an additional 1,026,921 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of BellRing Brands by 1,954.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock valued at $7,514,000 after purchasing an additional 196,655 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of BellRing Brands by 55.2% in the fourth quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock valued at $14,406,000 after purchasing an additional 191,638 shares during the period. E. Ohman J or Asset Management AB lifted its stake in shares of BellRing Brands by 27.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 711,625 shares of the company’s stock valued at $19,022,000 after purchasing an additional 151,990 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in BellRing Brands by 970.2% during the third quarter. WINTON GROUP Ltd now owns 211,168 shares of the company’s stock worth $7,676,000 after buying an additional 191,437 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.
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.
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