BellRing Brands Inc. (NYSE:BRBR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts rate BellRing Brands “Hold” overall: Of 18 brokerages, nine recommend buying, eight recommend holding and one recommends selling. The average 12-month price target is approximately $19.82.
• Recent results were mixed: BellRing reported quarterly EPS of $0.30, below the $0.37 consensus estimate, while revenue rose 4.2% year over year to $570.4 million, exceeding expectations.
• The stock has declined sharply: Shares opened at $10.46, well below their 52-week high of $43.02, while institutional investors and hedge funds own approximately 94.97% of the company.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) has been given a consensus rating of "Hold" by the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.8214.

Several brokerages have recently issued reports on BRBR. TD Cowen lifted their price target on BellRing Brands from $11.00 to $12.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. Barclays increased their price objective on BellRing Brands from $13.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Morgan Stanley reiterated an "equal weight" rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. DA Davidson boosted their target price on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Sanford C. Bernstein lowered shares of BellRing Brands from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $35.00 to $11.00 in a research note on Wednesday, May 6th.

BellRing Brands Trading Down 2.5%

BRBR opened at $10.46 on Friday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 6.29 and a beta of 0.45. BellRing Brands has a 1 year low of $7.82 and a 1 year high of $43.02. The stock has a fifty day moving average price of $11.84 and a 200 day moving average price of $13.78.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.07). BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The firm had revenue of $570.40 million during the quarter, compared to analysts' expectations of $548.72 million. During the same quarter last year, the firm earned $0.55 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that BellRing Brands will post 1.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds have recently bought and sold shares of BRBR. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in BellRing Brands during the second quarter valued at approximately $42,868,000. BNP Paribas Financial Markets lifted its stake in shares of BellRing Brands by 125.3% in the fourth quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company's stock worth $52,506,000 after buying an additional 1,092,328 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of BellRing Brands by 25.0% during the 1st quarter. Bank of America Corp DE now owns 1,248,761 shares of the company's stock worth $20,093,000 after buying an additional 250,144 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of BellRing Brands by 154.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 444,048 shares of the company's stock worth $7,145,000 after buying an additional 269,644 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in BellRing Brands by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,127,834 shares of the company's stock valued at $30,147,000 after buying an additional 60,005 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.

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