BellRing Brands (NYSE:BRBR) Price Target Raised to $17.00

BellRing Brands (NYSE:BRBR) had its price objective increased by JPMorgan Chase & Co. from $13.00 to $17.00 in a report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts also recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. Zacks Research upgraded shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Bank of America lowered their price target on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Barclays lifted their price target on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, BTIG Research assumed coverage on shares of BellRing Brands in a research report on Monday, April 13th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued 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.com, BellRing Brands currently has an average rating of “Hold” and an average target price of $20.97.

BellRing Brands Price Performance

NYSE:BRBR opened at $13.20 on Tuesday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 6.50 and a beta of 0.45. BellRing Brands has a one year low of $7.82 and a one year high of $55.24. The business has a fifty day moving average price of $11.01 and a 200-day moving average price of $15.24.

BellRing Brands (NYSE:BRBR) last released its 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). The company had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. BellRing Brands’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that BellRing Brands will post 1.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, Director David Isaiah Finkelstein bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought 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 owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of BellRing Brands

Several hedge funds have recently bought and sold shares of BRBR. Larson Financial Group LLC grew its position in shares of BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares in the last quarter. Danske Bank A S bought a new stake in shares of BellRing Brands in the third quarter worth about $29,000. IFP Advisors Inc increased its holdings 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 purchasing an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of BellRing Brands by 333.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after buying an additional 1,428 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of BellRing Brands by 578.9% in the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after buying an additional 1,621 shares in the last quarter. Hedge funds and other 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.