BellRing Brands Inc. (NYSE:BRBR – Get Free Report) gapped up prior to trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $13.00 to $17.00. The stock had previously closed at $13.07, but opened at $13.88. JPMorgan Chase & Co. currently has an overweight rating on the stock. BellRing Brands shares last traded at $13.6970, with a volume of 257,015 shares changing hands.
Several other research analysts have also commented on the stock. BTIG Research began coverage on shares of BellRing Brands in a research note on Monday, April 13th. They issued a “neutral” rating for the company. TD Cowen cut their price target on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. 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, Morgan Stanley reiterated an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Hold” and an average target price of $20.97.
Check Out Our Latest Research Report on BellRing Brands
Insider Transactions at BellRing Brands
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama grew its holdings in BellRing Brands by 55.2% during the 4th quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock valued at $14,406,000 after buying an additional 191,638 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in BellRing Brands by 125.3% in the 4th quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company’s stock valued at $52,506,000 after buying an additional 1,092,328 shares during the period. SG Americas Securities LLC grew its holdings in BellRing Brands by 8,637.4% in the fourth quarter. SG Americas Securities LLC now owns 280,907 shares of the company’s stock valued at $7,509,000 after purchasing an additional 277,692 shares during the period. Y Intercept Hong Kong Ltd grew its stake in shares of BellRing Brands by 154.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 444,048 shares of the company’s stock valued at $7,145,000 after buying an additional 269,644 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in BellRing Brands by 5.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,127,834 shares of the company’s stock valued at $30,147,000 after acquiring an additional 60,005 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.
BellRing Brands Stock Performance
The company has a market capitalization of $1.62 billion, a PE ratio of 10.77, a P/E/G ratio of 6.34 and a beta of 0.45. The business has a fifty day moving average price of $10.75 and a 200 day moving average price of $15.47.
BellRing Brands (NYSE:BRBR – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The firm had revenue of $598.70 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. Research analysts forecast that BellRing Brands Inc. will post 1.23 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.
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