BellRing Brands (NYSE:BRBR) Trading 5.4% Higher – What’s Next?

Shares of BellRing Brands Inc. (NYSE:BRBR) were up 5.4% during trading on Monday . The stock traded as high as $16.08 and last traded at $16.1850. Approximately 1,713,826 shares changed hands during trading, a decline of 58% from the average daily volume of 4,078,652 shares. The stock had previously closed at $15.35.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Morgan Stanley set a $32.00 target price on BellRing Brands in a research report on Friday, January 16th. Jefferies Financial Group dropped their price target on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Bank of America lifted their price objective on shares of BellRing Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. UBS Group set a $23.00 target price on shares of BellRing Brands in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $31.00 target price on shares of BellRing Brands in a research report on Monday, January 26th. Twelve analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.25.

BellRing Brands Stock Down 2.8%

The business has a 50 day moving average of $19.24 and a 200 day moving average of $26.68. The company has a market capitalization of $1.83 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 3.19 and a beta of 0.69.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $537.30 million for the quarter, compared to the consensus estimate of $505.44 million. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. On average, research analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 2,000 shares of BellRing Brands stock in a transaction that occurred on Friday, February 13th. The shares were bought at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the transaction, the director owned 7,391 shares of the company’s stock, valued at approximately $131,190.25. This trade represents a 37.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after buying an additional 373 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of BellRing Brands by 0.6% during the 2nd quarter. New York State Common Retirement Fund now owns 70,210 shares of the company’s stock worth $4,067,000 after acquiring an additional 397 shares during the last quarter. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 419 shares during the last quarter. Treasurer of the State of North Carolina grew its position in 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 acquiring an additional 456 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after purchasing an additional 467 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 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.