BellRing Brands (NYSE:BRBR – Get Free Report) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $13.00 to $17.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 25.02% from the company’s current price.
A number of other research firms have also weighed in on BRBR. Stephens reaffirmed an “overweight” rating and set a $20.00 target price on shares of BellRing Brands in a report on Thursday, July 9th. DA Davidson upgraded shares of BellRing Brands to a “strong-buy” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.97.
Read Our Latest Stock Analysis on BRBR
BellRing Brands Stock Performance
BellRing Brands (NYSE:BRBR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. On average, research analysts forecast that BellRing Brands will post 1.23 earnings per share for the current fiscal year.
Insider Transactions at BellRing Brands
In other news, Director David Isaiah Finkelstein purchased 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On BellRing Brands
A number of large investors have recently modified their holdings of the company. Danske Bank A S bought a new stake in BellRing Brands in the 3rd quarter worth approximately $29,000. 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 worth $25,000 after acquiring an additional 524 shares during the last quarter. IFP Advisors Inc grew its stake in shares of BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after acquiring an additional 373 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after acquiring an additional 755 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.
About BellRing Brands
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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