BellRing Brands (NYSE:BRBR) Trading Up 5.7% Following Analyst Upgrade

Shares of BellRing Brands Inc. (NYSE:BRBR) rose 5.7% on Friday after UBS Group raised their price target on the stock from $12.00 to $13.50. UBS Group currently has a neutral rating on the stock. BellRing Brands traded as high as $12.67 and last traded at $12.6740. 680,428 shares traded hands during trading, a decline of 86% from the average daily volume of 4,706,357 shares. The stock had previously closed at $11.99.

A number of other brokerages have also commented on BRBR. Zacks Research upgraded BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Sanford C. Bernstein downgraded shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their target price for the company from $35.00 to $11.00 in a research report on Wednesday, May 6th. BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Barclays reduced their target price on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, TD Cowen lowered their price target on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $20.57.

Insider Activity

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently modified their holdings of BRBR. Larson Financial Group LLC raised its position in shares of BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after acquiring an additional 524 shares during the period. Danske Bank A S acquired a new position in BellRing Brands during the third quarter valued at approximately $29,000. IFP Advisors Inc grew its holdings in BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock valued at $50,000 after purchasing an additional 1,428 shares during the period. Finally, Signaturefd LLC increased its stake in BellRing Brands by 578.9% in the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock valued at $51,000 after purchasing an additional 1,621 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Price Performance

The company’s 50 day simple moving average is $10.34 and its 200 day simple moving average is $16.09. The stock has a market cap of $1.41 billion, a P/E ratio of 9.41, a P/E/G ratio of 5.90 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts predict that BellRing Brands Inc. will post 1.22 earnings per share for the current year.

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.