UBS Group Has Lowered Expectations for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR) had its price objective reduced by UBS Group from $81.00 to $71.00 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

BRBR has been the topic of several other reports. Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. TD Cowen increased their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Barclays boosted their target price on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Evercore ISI decreased their price target on BellRing Brands from $90.00 to $82.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Morgan Stanley initiated coverage on BellRing Brands in a research note on Monday, March 24th. They issued an “overweight” rating and a $84.00 price objective on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

BellRing Brands Stock Down 1.1 %

Shares of BRBR stock opened at $61.18 on Wednesday. The business has a fifty day simple moving average of $72.00 and a 200 day simple moving average of $73.46. The company has a market cap of $7.85 billion, a P/E ratio of 28.72, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. The company had revenue of $588.00 million during the quarter, compared to analysts’ expectations of $577.56 million. During the same period in the prior year, the company earned $0.45 EPS. BellRing Brands’s revenue was up 18.9% compared to the same quarter last year. As a group, equities research analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a stock buyback program on Thursday, March 6th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other news, insider Douglas J. Cornille sold 3,192 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $75.13, for a total transaction of $239,814.96. Following the transaction, the insider now directly owns 57,836 shares of the company’s stock, valued at approximately $4,345,218.68. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert V. Vitale sold 5,100 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the sale, the director now directly owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 221,828 shares of company stock worth $16,917,365 over the last ninety days. Insiders own 1.07% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of BellRing Brands by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock worth $1,012,419,000 after purchasing an additional 135,105 shares during the last quarter. Franklin Resources Inc. grew its holdings in BellRing Brands by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock worth $344,885,000 after acquiring an additional 96,991 shares during the last quarter. Invesco Ltd. increased its position in shares of BellRing Brands by 35.7% in the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company’s stock valued at $321,429,000 after acquiring an additional 1,121,691 shares during the period. Wellington Management Group LLP raised its stake in shares of BellRing Brands by 32.6% during the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company’s stock valued at $275,413,000 after acquiring an additional 898,885 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of BellRing Brands by 32.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company’s stock worth $174,866,000 after purchasing an additional 564,342 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Company Profile

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.