BellRing Brands (NYSE:BRBR) Price Target Cut to $27.00 by Analysts at TD Cowen

BellRing Brands (NYSE:BRBR) had its price target decreased by TD Cowen from $31.00 to $27.00 in a research report released on Thursday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

BRBR has been the subject of several other research reports. Sanford C. Bernstein began coverage on shares of BellRing Brands in a research report on Thursday, October 23rd. They set an “outperform” rating and a $46.00 price target for the company. Morgan Stanley reduced their target price on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Stifel Nicolaus decreased their price target on BellRing Brands from $56.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Cowen reaffirmed a “hold” rating on shares of BellRing Brands in a report on Thursday. Finally, Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.75.

BellRing Brands Trading Up 7.5%

NYSE BRBR opened at $24.78 on Thursday. BellRing Brands has a 12 month low of $22.45 and a 12 month high of $80.67. The stock’s fifty day moving average price is $29.10 and its 200-day moving average price is $38.45. The stock has a market cap of $2.97 billion, a P/E ratio of 14.75, a P/E/G ratio of 3.15 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The firm had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Douglas J. Cornille sold 3,970 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the sale, the insider directly owned 54,812 shares in the company, valued at approximately $1,695,335.16. The trade was a 6.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Maseco LLP bought a new stake in shares of BellRing Brands during the 2nd quarter valued at $25,000. Farther Finance Advisors LLC grew its holdings in BellRing Brands by 132.6% during the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares during the period. Danske Bank A S purchased a new stake in BellRing Brands in the third quarter worth about $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of BellRing Brands in the third quarter worth about $35,000. Finally, IFP Advisors Inc grew its stake in shares of BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after acquiring an additional 573 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.