Stephens Reaffirms Overweight Rating for BellRing Brands (NYSE:BRBR)

BellRing Brands (NYSE:BRBR)‘s stock had its “overweight” rating reaffirmed by research analysts at Stephens in a research report issued on Thursday,Benzinga reports. They currently have a $20.00 price target on the stock. Stephens’ target price would suggest a potential upside of 60.09% from the stock’s previous close.

Several other brokerages have also issued reports on BRBR. BTIG Research began coverage on BellRing Brands in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Jefferies Financial Group decreased their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 16th. Stifel Nicolaus lowered their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Sanford C. Bernstein downgraded shares of BellRing Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. Finally, UBS Group cut their target price 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.47.

BellRing Brands Stock Up 2.8%

Shares of BRBR opened at $12.49 on Thursday. The business’s fifty day moving average is $10.33 and its 200 day moving average is $16.71. BellRing Brands has a 12-month low of $7.82 and a 12-month high of $59.10. The stock has a market cap of $1.45 billion, a P/E ratio of 9.68, a P/E/G ratio of 5.98 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data 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). The business had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. On average, analysts expect that BellRing Brands will post 1.22 EPS for the current year.

Insider Activity

In other BellRing Brands news, Director David Isaiah Finkelstein acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the acquisition, the director owned 13,326 shares of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after buying an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of BellRing Brands by 30.5% during the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after acquiring an additional 1,575,812 shares during the last quarter. Capital Research Global Investors bought a new stake in shares of BellRing Brands during the 3rd quarter worth $172,312,000. The Manufacturers Life Insurance Company grew its position in BellRing Brands by 156.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after acquiring an additional 2,336,029 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in BellRing Brands by 0.5% in the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after acquiring an additional 19,471 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.