BellRing Brands Inc. (NYSE:BRBR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have assigned BellRing Brands Inc. (NYSE:BRBR) a consensus rating of "Moderate Buy", with 13 out of 15 analysts recommending a buy.
• The company reported a quarterly earnings per share (EPS) of $0.55, exceeding estimates by $0.06, while its revenue grew by 6.2% year-over-year to $547.50 million.
• BellRing Brands has initiated a $400 million stock repurchase plan, which signals confidence from its board that the shares are undervalued.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $64.80.

BRBR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of BellRing Brands in a research report on Wednesday, August 20th. They set an "overweight" rating and a $52.00 price target for the company. Truist Financial decreased their price target on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, August 6th. Barclays decreased their price target on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. UBS Group decreased their price target on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Finally, Evercore ISI decreased their price objective on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th.

Insiders Place Their Bets

In other BellRing Brands news, insider Craig L. Rosenthal acquired 2,600 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was purchased at an average price of $37.29 per share, with a total value of $96,954.00. Following the completion of the acquisition, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction 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 approximately $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 90 days, insiders acquired 6,616 shares of company stock valued at $65,995,248 and sold 11,200 shares valued at $638,640. 1.07% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently modified their holdings of BRBR. Mercer Global Advisors Inc. ADV acquired a new position in shares of BellRing Brands during the fourth quarter valued at $423,000. BNP Paribas Financial Markets acquired a new position in shares of BellRing Brands during the fourth quarter valued at $15,635,000. Bank of America Corp DE boosted its holdings in shares of BellRing Brands by 73.5% during the fourth quarter. Bank of America Corp DE now owns 1,709,652 shares of the company's stock valued at $128,805,000 after acquiring an additional 724,337 shares during the period. Bridgefront Capital LLC acquired a new position in shares of BellRing Brands during the fourth quarter valued at $230,000. Finally, Cetera Investment Advisers boosted its holdings in shares of BellRing Brands by 15.5% during the fourth quarter. Cetera Investment Advisers now owns 20,418 shares of the company's stock valued at $1,538,000 after acquiring an additional 2,736 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

BellRing Brands Stock Performance

Shares of BRBR stock traded down $0.93 during mid-day trading on Friday, reaching $36.78. 3,504,375 shares of the company were exchanged, compared to its average volume of 3,442,831. BellRing Brands has a fifty-two week low of $34.02 and a fifty-two week high of $80.67. The company has a market capitalization of $4.63 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.84 and a beta of 0.74. The business's 50 day simple moving average is $47.22 and its 200 day simple moving average is $60.65.

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

BellRing Brands declared that its board has approved a share repurchase program on Tuesday, September 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

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.