BellRing Brands Inc. (NYSE:BRBR) Given Average Recommendation of “Hold” by Brokerages

Shares of BellRing Brands Inc. (NYSE:BRBR) have been given an average recommendation of “Hold” by the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.4667.

Several equities analysts have recently weighed in on BRBR shares. BTIG Research started coverage on BellRing Brands in a report on Monday, April 13th. They set a “neutral” rating on the stock. Sanford C. Bernstein cut BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. TD Cowen cut their price objective on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings cut BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $31.00 price objective on shares of BellRing Brands in a report on Monday, January 26th.

BellRing Brands Trading Up 0.1%

Shares of BellRing Brands stock opened at $9.70 on Wednesday. The company has a market capitalization of $1.13 billion, a PE ratio of 7.52, a PEG ratio of 4.76 and a beta of 0.74. BellRing Brands has a 12 month low of $9.00 and a 12 month high of $67.00. The stock’s fifty day simple moving average is $15.30 and its 200 day simple moving average is $22.18.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS 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 business had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. During the same period in the prior year, the business earned $0.53 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that BellRing Brands will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. grew its holdings in shares of BellRing Brands by 331.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock worth $35,733,000 after buying an additional 1,026,921 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of BellRing Brands by 820.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,808 shares of the company’s stock worth $1,662,000 after buying an additional 42,612 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in shares of BellRing Brands by 1,954.2% during the third quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock worth $7,514,000 after buying an additional 196,655 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of BellRing Brands by 17.0% during the third quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock worth $91,604,000 after buying an additional 366,121 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. grew its holdings in shares of BellRing Brands by 144.4% during the third quarter. Savoir Faire Capital Management L.P. now owns 97,969 shares of the company’s stock worth $3,561,000 after buying an additional 57,879 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

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.