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

BellRing Brands (NYSE:BRBR) had its price target decreased by Mizuho from $75.00 to $45.00 in a research note published on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Citigroup reduced their target price on BellRing Brands from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. DA Davidson upgraded shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, May 27th. Barclays dropped their price target on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Morgan Stanley cut their price target on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a report on Wednesday, August 6th. Finally, UBS Group reduced their price objective on shares of BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.80.

BellRing Brands Stock Down 0.3%

NYSE:BRBR opened at $40.6590 on Monday. BellRing Brands has a twelve month low of $34.02 and a twelve month high of $80.67. The company has a fifty day moving average of $53.11 and a 200-day moving average of $64.42. The firm has a market capitalization of $5.12 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.00 and a beta of 0.72.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. During the same period in the prior year, the firm earned $0.54 earnings per share. BellRing Brands’s revenue was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts anticipate that BellRing Brands will post 2.23 EPS for the current fiscal year.

Insider Activity at BellRing Brands

In other news, Director Shawn Conway acquired 2,700 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The stock was acquired at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the acquisition, the director owned 6,685 shares in the company, valued at approximately $243,400.85. This trade represents a 67.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig L. Rosenthal acquired 2,600 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the acquisition, the insider owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 6,616 shares of company stock worth $65,995,248 and have sold 14,400 shares worth $836,224. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of BellRing Brands in the first quarter valued at $280,000. GAMMA Investing LLC lifted its holdings in shares of BellRing Brands by 12.2% in the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company’s stock worth $172,000 after buying an additional 252 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of BellRing Brands by 0.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company’s stock valued at $5,365,000 after acquiring an additional 438 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in BellRing Brands by 71.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company’s stock valued at $661,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in BellRing Brands by 31.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company’s stock worth $1,384,000 after acquiring an additional 4,461 shares during the period. 94.97% of the stock is currently 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.