BellRing Brands Inc. (NYSE:BRBR) Given Consensus Rating of “Hold” by Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have received an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.4667.

BRBR has been the subject of a number of research reports. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. BTIG Research started coverage on shares of BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Finally, Bank of America decreased their target price 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.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 4,000 shares of BellRing Brands stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the transaction, the director owned 13,326 shares in the company, valued at $122,998.98. This trade represents a 42.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. Goldman Sachs Group Inc. raised its holdings in shares of BellRing Brands by 20.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock worth $18,868,000 after acquiring an additional 42,666 shares during the last quarter. Caxton Associates LLP acquired a new position in BellRing Brands during the 1st quarter valued at about $278,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 purchasing an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 purchasing an additional 755 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in BellRing Brands by 4.2% during the 2nd quarter. California Public Employees Retirement System now owns 226,101 shares of the company’s stock worth $13,098,000 after purchasing an additional 9,179 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Up 5.6%

BRBR traded up $0.75 during midday trading on Thursday, hitting $14.20. 2,612,199 shares of the company were exchanged, compared to its average volume of 4,729,085. The firm’s 50 day moving average price is $10.70 and its 200-day moving average price is $17.21. BellRing Brands has a 1-year low of $7.82 and a 1-year high of $59.10. The firm has a market capitalization of $1.65 billion, a P/E ratio of 11.02, a P/E/G ratio of 6.83 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts predict that BellRing Brands will post 1.22 earnings per share for the current fiscal 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.