BellRing Brands (NYSE:BRBR) Coverage Initiated by Analysts at JPMorgan Chase & Co.

Key Points

• BellRing Brands' stock has maintained an "overweight" rating from JPMorgan Chase & Co., although the price objective has been significantly reduced from $80.00 to $52.00.
• The company's most recent earnings report revealed $547.50 million in revenue, exceeding analyst estimates and showing a year-over-year revenue increase of 6.2%.
• Insider trading activity includes the purchase of 2,600 shares by Craig L. Rosenthal and the sale of 1,600 shares by CEO Darcy Horn Davenport, reflecting ongoing confidence and strategic moves within the company.

Research analysts at JPMorgan Chase & Co. assumed coverage on shares of BellRing Brands (NYSE:BRBR - Get Free Report) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an "overweight" rating and a $52.00 price target on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 29.88% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Truist Financial reduced their price objective on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, August 6th. Evercore ISI reduced their price objective on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a report on Tuesday, May 27th. UBS Group dropped their target price on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Finally, Jefferies Financial Group increased their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.80.

BellRing Brands Trading Up 0.6%

BellRing Brands stock traded up $0.2570 during trading hours on Wednesday, reaching $40.0370. 2,916,916 shares of the stock were exchanged, compared to its average volume of 4,350,888. The company has a market cap of $5.04 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.95 and a beta of 0.72. BellRing Brands has a twelve month low of $34.02 and a twelve month high of $80.67. The stock has a 50 day moving average of $52.33 and a two-hundred day moving average of $63.83.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.06. The firm had revenue of $547.50 million for the quarter, compared to the consensus estimate of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts expect that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Shawn Conway acquired 2,700 shares of the stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $36.41 per share, with a total value of $98,307.00. Following the completion of the purchase, the director directly owned 6,685 shares of the company's stock, valued at $243,400.85. This represents a 67.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares of the company's stock, valued at $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 14,400 shares valued at $836,224. 1.07% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of BellRing Brands in the first quarter valued at approximately $280,000. GAMMA Investing LLC increased its position in BellRing Brands by 12.2% during the 1st quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock valued at $172,000 after purchasing an additional 252 shares during the period. Robeco Institutional Asset Management B.V. increased its position in BellRing Brands by 0.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock valued at $5,365,000 after purchasing an additional 438 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in BellRing Brands by 71.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock valued at $661,000 after purchasing an additional 3,700 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in BellRing Brands by 31.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock valued at $1,384,000 after purchasing an additional 4,461 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Company Profile

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.