FY2024 EPS Estimates for BellRing Brands, Inc. Increased by Analyst (NYSE:BRBR)

BellRing Brands, Inc. (NYSE:BRBR) – Equities research analysts at William Blair increased their FY2024 earnings per share estimates for shares of BellRing Brands in a research report issued to clients and investors on Tuesday, August 6th. William Blair analyst J. Andersen now forecasts that the company will earn $1.88 per share for the year, up from their prior estimate of $1.76. The consensus estimate for BellRing Brands’ current full-year earnings is $1.80 per share. William Blair also issued estimates for BellRing Brands’ FY2025 earnings at $2.06 EPS.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The company had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. During the same period in the prior year, the business posted $0.34 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis.

BRBR has been the subject of a number of other reports. Mizuho increased their price objective on shares of BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Evercore ISI raised their target price on shares of BellRing Brands from $60.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. Barclays raised their target price on shares of BellRing Brands from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, May 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.64.

BellRing Brands Trading Down 0.9 %

Shares of BellRing Brands stock traded down $0.47 during trading hours on Thursday, reaching $54.53. 1,217,975 shares of the company’s stock were exchanged, compared to its average volume of 1,372,130. The company has a 50 day moving average of $54.99 and a two-hundred day moving average of $56.71. BellRing Brands has a fifty-two week low of $36.73 and a fifty-two week high of $62.76. The stock has a market cap of $7.11 billion, a P/E ratio of 37.87, a P/E/G ratio of 1.50 and a beta of 0.84.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BRBR. Opal Wealth Advisors LLC bought a new position in BellRing Brands in the second quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in BellRing Brands in the first quarter valued at approximately $32,000. Parallel Advisors LLC boosted its position in BellRing Brands by 153.6% in the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after buying an additional 361 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the first quarter valued at approximately $37,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in BellRing Brands in the fourth quarter valued at approximately $44,000. 94.97% of the stock is owned by institutional investors.

Insider Transactions at BellRing Brands

In other news, Chairman Robert V. Vitale sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the transaction, the chairman now directly owns 215,054 shares of the company’s stock, valued at $12,935,498.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.