BellRing Brands Inc. (NYSE:BRBR) Receives $22.47 Consensus Price Target from Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given a consensus rating of “Hold” by the nineteen analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month 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 several research reports. Bank of America lowered their price objective on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Zacks Research lowered shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Sanford C. Bernstein lowered shares of BellRing Brands from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. UBS Group dropped their price objective on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, TD Cowen reduced their price objective on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th.

Insider Transactions at BellRing Brands

In other news, Director David Isaiah Finkelstein purchased 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the acquisition, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its stake in shares of BellRing Brands by 331.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock valued at $35,733,000 after purchasing an additional 1,026,921 shares during the period. Boothbay Fund Management LLC boosted its position in shares of BellRing Brands by 1,954.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock worth $7,514,000 after purchasing an additional 196,655 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of BellRing Brands by 17.0% during the third quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock worth $91,604,000 after purchasing an additional 366,121 shares during the period. E. Ohman J or Asset Management AB increased its holdings in BellRing Brands by 27.2% in the fourth quarter. E. Ohman J or Asset Management AB now owns 711,625 shares of the company’s stock valued at $19,022,000 after purchasing an additional 151,990 shares during the last quarter. Finally, Retirement Systems of Alabama increased its holdings in BellRing Brands by 55.2% in the fourth quarter. Retirement Systems of Alabama now owns 538,946 shares of the company’s stock valued at $14,406,000 after purchasing an additional 191,638 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Performance

Shares of BRBR opened at $8.90 on Friday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 6.90, a PEG ratio of 4.24 and a beta of 0.56. The stock has a fifty day moving average price of $12.25 and a two-hundred day moving average price of $19.48. BellRing Brands has a 52-week low of $7.82 and a 52-week high of $63.08.

BellRing Brands (NYSE:BRBR) last announced 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 business had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same quarter last year, the business posted $0.53 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, research analysts predict that BellRing Brands will post 1.23 EPS for the current fiscal year.

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.