BellRing Brands (NYSE:BRBR) Trading Up 8.1% – Here’s Why

BellRing Brands Inc. (NYSE:BRBR)’s stock price was up 8.1% during trading on Tuesday . The stock traded as high as $10.86 and last traded at $10.99. 1,348,047 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 4,468,039 shares. The stock had previously closed at $10.17.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BRBR. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $35.00 to $11.00 in a research note on Wednesday, May 6th. UBS Group cut their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. BTIG Research began coverage on BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Bank of America cut their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Price Performance

The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 8.41, a P/E/G ratio of 4.64 and a beta of 0.56. The stock has a fifty day moving average of $11.31 and a two-hundred day moving average of $18.42.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the business earned $0.53 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, research analysts forecast that BellRing Brands Inc. will post 1.23 EPS for the current year.

Insider Activity

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares in the company, valued at $122,998.98. The trade was a 42.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors bought a new stake in shares of BellRing Brands in the 3rd quarter valued at $172,312,000. AQR Capital Management LLC lifted its holdings in BellRing Brands by 86.9% in the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after buying an additional 3,258,035 shares during the period. Alyeska Investment Group L.P. bought a new stake in BellRing Brands during the third quarter valued at $98,944,000. The Manufacturers Life Insurance Company boosted its position in BellRing Brands by 156.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after acquiring an additional 2,336,029 shares during the last quarter. Finally, River Road Asset Management LLC acquired a new stake in BellRing Brands during the 4th quarter worth about $56,465,000. Institutional investors own 94.97% of the company’s stock.

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.