Analysts Set BellRing Brands Inc. (NYSE:BRBR) Price Target at $20.70

BellRing Brands Inc. (NYSE:BRBR) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $20.9667.

Several research analysts have recently weighed in on BRBR shares. Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Bank of America cut their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 10th. 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 research report on Wednesday, May 6th. Stephens reissued an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a research note on Thursday, July 9th. Finally, BTIG Research initiated coverage on BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating for the company.

BellRing Brands Stock Performance

BellRing Brands stock opened at $12.36 on Monday. The stock has a market cap of $1.44 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 6.39 and a beta of 0.45. The stock has a 50-day moving average of $11.08 and a two-hundred day moving average of $15.22. BellRing Brands has a one year low of $7.82 and a one year high of $55.24.

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 analyst estimates of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. As a group, sell-side analysts predict that BellRing Brands will post 1.24 EPS for the current fiscal year.

Insider Activity

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average cost of $9.23 per share, with a total value of $36,920.00. Following the purchase, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its stake in BellRing Brands by 86.9% during 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 during the last quarter. Alyeska Investment Group L.P. acquired a new position in BellRing Brands during the third quarter worth approximately $98,944,000. The Manufacturers Life Insurance Company lifted its stake 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 valued at $102,380,000 after buying an additional 2,336,029 shares during the last quarter. River Road Asset Management LLC purchased a new stake in BellRing Brands in the fourth quarter valued at approximately $56,465,000. Finally, Wasatch Advisors LP boosted its holdings in shares of BellRing Brands by 30.5% in the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock valued at $245,363,000 after acquiring an additional 1,575,812 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

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.