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

Shares of BellRing Brands Inc. (NYSE:BRBRGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $37.25.

Several research analysts recently commented on BRBR shares. Mizuho reduced their price objective on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Thursday, March 5th. Stifel Nicolaus lowered their target price on shares of BellRing Brands from $50.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Jefferies Financial Group dropped their target price on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 16th. TD Cowen reiterated a “hold” rating on shares of BellRing Brands in a research report on Thursday, January 8th. Finally, DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of BellRing Brands in a research note on Wednesday, February 4th.

Read Our Latest Analysis on BellRing Brands

Insider Buying and Selling

In other BellRing Brands news, Director David Isaiah Finkelstein bought 2,000 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were acquired at an average cost of $17.75 per share, with a total value of $35,500.00. Following the purchase, the director directly owned 7,391 shares of the company’s stock, valued at $131,190.25. This trade represents a 37.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Large investors have recently made changes to their positions in the stock. Larson Financial Group LLC lifted its position in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 132.6% during the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after buying an additional 419 shares during the last quarter. Danske Bank A S purchased a new stake in BellRing Brands in the 3rd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in BellRing Brands in the 3rd quarter valued at $35,000. Finally, IFP Advisors Inc increased its stake in shares of BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

More BellRing Brands News

Here are the key news stories impacting BellRing Brands this week:

BellRing Brands Trading Down 3.7%

BRBR stock opened at $16.59 on Tuesday. BellRing Brands has a 12-month low of $15.97 and a 12-month high of $79.57. The business’s 50-day moving average is $20.28 and its 200 day moving average is $27.60. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 3.39 and a beta of 0.69.

BellRing Brands (NYSE:BRBRGet Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. The business had revenue of $537.30 million during the quarter, compared to analysts’ expectations of $505.44 million. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 earnings per share. As a group, equities analysts forecast that BellRing Brands will post 2.23 EPS for the current fiscal year.

About BellRing Brands

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for BellRing Brands (NYSE:BRBR)

Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter.