UBS Group Issues Positive Forecast for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR) had its target price lifted by UBS Group from $12.00 to $13.50 in a research report sent to investors on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Stifel Nicolaus lowered their price target on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. BTIG Research started coverage on shares of BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. One 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $20.57.

BellRing Brands Price Performance

NYSE BRBR opened at $11.97 on Thursday. The business’s fifty day moving average is $10.31 and its 200-day moving average is $16.12. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 5.95 and a beta of 0.45. BellRing Brands has a one year low of $7.82 and a one year high of $59.10.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. During the same quarter in the previous year, the company posted $0.53 EPS. BellRing Brands’s quarterly revenue was up 1.8% compared to the same quarter last year. Research analysts expect that BellRing Brands will post 1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of BellRing Brands stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of BellRing Brands

Several hedge funds and other institutional investors have recently modified their holdings of the business. Larson Financial Group LLC boosted its holdings in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the period. Danske Bank A S bought a new stake in BellRing Brands during the 3rd quarter valued at $29,000. IFP Advisors Inc raised its holdings 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 acquiring an additional 573 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $50,000 after acquiring an additional 1,428 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of BellRing Brands by 578.9% during the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after acquiring an additional 1,621 shares in the last quarter. 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.