BellRing Brands (NYSE:BRBR) Stock Price Up 5.5% – Should You Buy?

BellRing Brands Inc. (NYSE:BRBR)’s share price was up 5.5% during trading on Wednesday . The stock traded as high as $32.35 and last traded at $32.24. Approximately 1,179,518 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,542,201 shares. The stock had previously closed at $30.55.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BRBR shares. DA Davidson set a $38.00 target price on BellRing Brands in a report on Thursday, November 20th. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein began coverage on shares of BellRing Brands in a research note on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 target price for the company. TD Cowen reiterated a “hold” rating and issued a $31.00 target price (down previously from $37.00) on shares of BellRing Brands in a report on Thursday, November 20th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $48.00 price target on shares of BellRing Brands in a research report on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.53.

BellRing Brands Stock Up 6.9%

The company’s 50-day moving average is $31.34 and its two-hundred day moving average is $43.19. The company has a market cap of $3.91 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 4.08 and a beta of 0.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The company had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $633.21 million. BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. On average, analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has approved a share repurchase program on Tuesday, September 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the transaction, the insider directly owned 54,812 shares of the company’s stock, valued at approximately $1,695,335.16. This represents a 6.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.07% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Maseco LLP purchased a new stake in BellRing Brands in the 2nd quarter worth about $25,000. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S bought a new stake in shares of BellRing Brands in the third quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of BellRing Brands in the third quarter valued at approximately $35,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock valued at $38,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.