BellRing Brands (NYSE:BRBR) Price Target Lowered to $19.00 at UBS Group

BellRing Brands (NYSE:BRBR) had its target price lowered by UBS Group from $23.00 to $19.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently commented on BRBR. Stifel Nicolaus cut their target price on BellRing Brands from $50.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Morgan Stanley set a $32.00 target price on BellRing Brands in a research note on Friday, January 16th. TD Cowen reissued a “hold” rating on shares of BellRing Brands in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $31.00 target price on shares of BellRing Brands in a research note on Monday, January 26th. Finally, DA Davidson reissued a “buy” rating and issued a $32.00 target price on shares of BellRing Brands in a research note on Wednesday, February 4th. Twelve equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $37.00.

BellRing Brands Trading Down 0.5%

NYSE BRBR opened at $15.66 on Tuesday. BellRing Brands has a 12 month low of $14.43 and a 12 month high of $79.57. The stock has a market cap of $1.84 billion, a P/E ratio of 10.80, a P/E/G ratio of 3.28 and a beta of 0.73. The stock’s fifty day moving average price is $18.14 and its 200-day moving average price is $25.97.

BellRing Brands (NYSE:BRBR) last released its 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. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The firm 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 firm posted $0.58 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. As a group, analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein acquired 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 purchase, the director directly owned 7,391 shares of the company’s stock, valued at $131,190.25. This represents a 37.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised 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 buying an additional 419 shares during the period. Danske Bank A S bought a new stake in BellRing Brands during the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in BellRing Brands during the 3rd quarter valued at approximately $35,000. Finally, IFP Advisors Inc raised its stake in 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 purchasing an additional 573 shares during the period. 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.