BellRing Brands Inc. (NYSE:BRBR – Get Free Report)’s stock price traded up 5.9% on Monday . The company traded as high as $10.71 and last traded at $10.7890. Approximately 733,550 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,585,717 shares. The stock had previously closed at $10.19.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. TD Cowen upped their price objective on BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of BellRing Brands in a research note on Thursday, July 9th. DA Davidson upped their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays boosted their target price on BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.82.
Read Our Latest Report on BellRing Brands
BellRing Brands Trading Down 0.9%
BellRing Brands (NYSE:BRBR – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analysts’ expectations of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. As a group, analysts anticipate that BellRing Brands Inc. will post 1.03 earnings per share for the current year.
Institutional Trading of BellRing Brands
Hedge funds and other institutional investors have recently modified their holdings of the business. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in BellRing Brands during the second quarter valued at $42,868,000. AQR Capital Management LLC boosted its position in BellRing Brands by 86.9% during the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after acquiring an additional 3,258,035 shares during the period. Alyeska Investment Group L.P. purchased a new position in BellRing Brands during the 3rd quarter valued at about $98,944,000. The Manufacturers Life Insurance Company grew its stake in BellRing Brands by 156.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after acquiring an additional 2,336,029 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new position in shares of BellRing Brands in the 4th quarter valued at about $56,465,000. Institutional investors and hedge funds own 94.97% of the company’s stock.
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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