Morgan Stanley Cuts BellRing Brands (NYSE:BRBR) Price Target to $24.00

BellRing Brands (NYSE:BRBR) had its target price cut by Morgan Stanley from $32.00 to $24.00 in a research report report published on Thursday morning, Marketbeat reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus decreased their price target on shares of BellRing Brands from $50.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $28.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday. DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of BellRing Brands in a report on Wednesday, February 4th. Barclays decreased their price target on shares of BellRing Brands from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $31.00 price target on shares of BellRing Brands in a report on Monday, January 26th. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $33.88.

BellRing Brands Trading Down 0.8%

Shares of BRBR stock opened at $16.17 on Thursday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 11.15, a PEG ratio of 5.28 and a beta of 0.73. The firm’s 50 day moving average is $16.88 and its 200 day moving average is $24.21. 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 earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The business had revenue of $537.30 million for the quarter, compared to analysts’ expectations of $505.44 million. During the same period in the prior year, the company posted $0.58 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts predict that BellRing Brands will post 1.86 EPS for the current year.

Insider Transactions at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 2,000 shares of BellRing Brands stock in a transaction on Friday, February 13th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the director owned 7,391 shares in the company, valued at $131,190.25. This trade represents a 37.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC grew its stake 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 acquiring an additional 524 shares during the period. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 419 shares during the period. Danske Bank A S bought a new stake in shares of BellRing Brands in the third quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of BellRing Brands in the third quarter worth approximately $35,000. Finally, IFP Advisors Inc grew its stake 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 acquiring an additional 573 shares during the period. 94.97% of the stock is currently owned by institutional investors.

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.