BellRing Brands Inc. (NYSE:BRBR – Get Free Report) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $22.4667.
Several research firms have recently issued reports on BRBR. UBS Group lowered their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Bank of America lowered their price objective on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. William Blair reaffirmed an “outperform” rating on shares of BellRing Brands in a research report on Tuesday, February 3rd. Mizuho lowered their price objective on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, March 5th. Finally, Jefferies Financial Group lowered their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 16th.
Insider Buying and Selling at BellRing Brands
Institutional Trading of BellRing Brands
Several institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings 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 valued at $72,000 after purchasing an additional 373 shares during the last quarter. Farther Finance Advisors LLC lifted 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 valued at $27,000 after purchasing an additional 419 shares during the last quarter. Treasurer of the State of North Carolina lifted 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 valued at $3,434,000 after purchasing an additional 456 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of 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 purchasing an additional 467 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of 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 purchasing an additional 524 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.
BellRing Brands Stock Performance
NYSE:BRBR opened at $8.88 on Wednesday. The stock has a 50-day simple moving average of $14.97 and a 200-day simple moving average of $21.87. The stock has a market cap of $1.03 billion, a P/E ratio of 6.88, a P/E/G ratio of 4.54 and a beta of 0.74. BellRing Brands has a 1 year low of $8.85 and a 1 year high of $67.00.
BellRing Brands (NYSE:BRBR – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). The business had revenue of $598.70 million for 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 company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts predict that BellRing Brands will post 1.23 EPS for the current 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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