BellRing Brands Inc. (NYSE:BRBR) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given an average rating of “Moderate Buy” by the fifteen analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $64.80.

BRBR has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, August 6th. JPMorgan Chase & Co. started coverage on BellRing Brands in a report on Wednesday, August 20th. They issued an “overweight” rating and a $52.00 price target for the company. Barclays reduced their price target on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Mizuho lowered their price objective on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, August 18th. Finally, Evercore ISI dropped their target price on BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th.

BellRing Brands Stock Up 1.9%

BRBR opened at $42.67 on Friday. The firm has a market cap of $5.38 billion, a P/E ratio of 24.38, a PEG ratio of 2.04 and a beta of 0.74. The business’s fifty day simple moving average is $48.88 and its 200 day simple moving average is $61.70. BellRing Brands has a 52 week low of $34.02 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. During the same period in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. As a group, equities analysts expect that BellRing Brands will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has approved a stock repurchase plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the sale, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shawn Conway purchased 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $36.41 per share, with a total value of $98,307.00. Following the transaction, the director directly owned 6,685 shares of the company’s stock, valued at $243,400.85. The trade was a 67.75% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 6,616 shares of company stock valued at $65,995,248 and sold 11,200 shares valued at $638,640. Corporate insiders own 1.07% of the company’s stock.

Institutional Trading of BellRing Brands

Several institutional investors have recently made changes to their positions in BRBR. Holocene Advisors LP increased its holdings in shares of BellRing Brands by 50.7% during the 2nd quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock worth $227,572,000 after buying an additional 1,320,849 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in BellRing Brands by 32.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company’s stock valued at $174,866,000 after acquiring an additional 564,342 shares during the period. Axiom Investors LLC DE increased its stake in BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after acquiring an additional 1,814,811 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of BellRing Brands in the 2nd quarter worth about $124,777,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of BellRing Brands by 77.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company’s stock worth $131,137,000 after purchasing an additional 768,595 shares during the period. 94.97% of the stock is owned by hedge funds and other 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.