BellRing Brands (NYSE:BRBR) Price Target Lowered to $21.00 at JPMorgan Chase & Co.

BellRing Brands (NYSE:BRBR) had its price target reduced by JPMorgan Chase & Co. from $28.00 to $21.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the stock. William Blair reaffirmed an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. BTIG Research initiated coverage on shares of BellRing Brands in a report on Monday, April 13th. They set a “neutral” rating on the stock. Morgan Stanley set a $32.00 target price on shares of BellRing Brands in a report on Friday, January 16th. Jefferies Financial Group lowered their target price on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, UBS Group lowered their target price on shares of BellRing Brands from $23.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Twelve research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.38.

BellRing Brands Trading Up 0.2%

NYSE:BRBR opened at $16.49 on Wednesday. The stock has a market capitalization of $1.93 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 5.29 and a beta of 0.73. The firm’s 50 day moving average is $16.94 and its 200 day moving average is $24.47. BellRing Brands has a 12 month low of $14.19 and a 12 month high of $79.57.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. The company had revenue of $537.30 million for the quarter, compared to analysts’ expectations of $505.44 million. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. BellRing Brands’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. Research analysts predict that BellRing Brands will post 1.87 earnings per share for the current year.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein purchased 2,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the completion of the acquisition, the director owned 7,391 shares in the company, 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its holdings in shares of BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 524 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of BellRing Brands by 132.6% in the third quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after purchasing an additional 419 shares during the period. Danske Bank A S bought a new position in shares of BellRing Brands in the third quarter worth $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of BellRing Brands in the third quarter worth $35,000. Finally, IFP Advisors Inc increased its holdings in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after purchasing an additional 573 shares during the period. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

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.