BellRing Brands (NYSE:BRBR) Given New $45.00 Price Target at Mizuho

BellRing Brands (NYSE:BRBR) had its price objective lowered by Mizuho from $75.00 to $45.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on the stock. UBS Group decreased their price target on shares of BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Truist Financial decreased their price target on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Jefferies Financial Group upped their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Citigroup decreased their price target on shares of BellRing Brands from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, DA Davidson upgraded shares of BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, May 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $65.71.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $38.50 on Monday. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.88 and a beta of 0.72. The firm has a 50 day simple moving average of $53.90 and a 200 day simple moving average of $64.75. BellRing Brands has a one year low of $34.02 and a one year high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $530.76 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 6.2% on a year-over-year basis. As a group, analysts expect that BellRing Brands will post 2.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Shawn Conway bought 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were acquired at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the purchase, the director directly owned 6,685 shares in the company, valued at $243,400.85. The trade was a 67.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. 1.07% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Xponance Inc. lifted its stake in shares of BellRing Brands by 0.9% in the first quarter. Xponance Inc. now owns 15,221 shares of the company’s stock valued at $1,133,000 after buying an additional 142 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of BellRing Brands by 2.5% during the first quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company’s stock valued at $478,000 after purchasing an additional 157 shares in the last quarter. McIlrath & Eck LLC lifted its position in shares of BellRing Brands by 13.6% during the first quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock valued at $105,000 after purchasing an additional 169 shares in the last quarter. Stephens Inc. AR lifted its position in shares of BellRing Brands by 5.0% during the first quarter. Stephens Inc. AR now owns 3,705 shares of the company’s stock valued at $276,000 after purchasing an additional 175 shares in the last quarter. Finally, TCTC Holdings LLC lifted its position in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after purchasing an additional 190 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

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.