Q3 2024 EPS Estimates for BellRing Brands, Inc. Cut by Analyst (NYSE:BRBR)

BellRing Brands, Inc. (NYSE:BRBR) – Investment analysts at William Blair dropped their Q3 2024 earnings per share (EPS) estimates for shares of BellRing Brands in a research report issued to clients and investors on Tuesday, May 7th. William Blair analyst J. Andersen now expects that the company will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.44. The consensus estimate for BellRing Brands’ current full-year earnings is $1.67 per share. William Blair also issued estimates for BellRing Brands’ Q4 2024 earnings at $0.38 EPS, FY2024 earnings at $1.66 EPS and FY2025 earnings at $1.96 EPS.

A number of other analysts have also recently weighed in on BRBR. Citigroup assumed coverage on shares of BellRing Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $67.00 target price on the stock. Stephens reaffirmed an “equal weight” rating and issued a $53.00 target price on shares of BellRing Brands in a report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $62.00 price target on shares of BellRing Brands in a research note on Tuesday. Stifel Nicolaus boosted their price target on BellRing Brands from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Morgan Stanley raised their price objective on shares of BellRing Brands from $61.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.08.

BellRing Brands Trading Up 2.2 %

Shares of BellRing Brands stock opened at $58.44 on Wednesday. The firm’s 50 day moving average is $57.88 and its 200 day moving average is $54.40. The firm has a market capitalization of $7.65 billion, a PE ratio of 47.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.85. BellRing Brands has a 1 year low of $34.58 and a 1 year high of $62.76.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $494.60 million for the quarter, compared to analysts’ expectations of $467.22 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share.

Institutional Trading of BellRing Brands

A number of institutional investors have recently bought and sold shares of BRBR. Vanguard Group Inc. grew its position in shares of BellRing Brands by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock worth $736,151,000 after buying an additional 155,252 shares during the period. FMR LLC raised its holdings in BellRing Brands by 1.9% during the third quarter. FMR LLC now owns 4,524,052 shares of the company’s stock worth $186,527,000 after buying an additional 84,750 shares during the last quarter. Franklin Resources Inc. increased its position in shares of BellRing Brands by 60.3% during the fourth quarter. Franklin Resources Inc. now owns 3,666,584 shares of the company’s stock worth $203,239,000 after acquiring an additional 1,379,138 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BellRing Brands by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,794,535 shares of the company’s stock valued at $154,903,000 after purchasing an additional 9,170 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of BellRing Brands by 50.9% during the third quarter. Invesco Ltd. now owns 2,687,684 shares of the company’s stock valued at $110,813,000 after buying an additional 906,559 shares during the last quarter. 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.