BellRing Brands (NYSE:BRBR) Releases Earnings Results

Key Points

• BellRing Brands reported quarterly earnings of $0.55 per share, exceeding estimates of $0.49 by $0.06.
• The company's stock fell by 1.2% following the earnings announcement, trading at $53.48 with a significant volume of over 3 million shares.
• Several analysts have revised their price targets for BellRing Brands, with a consensus target now at $76.06, indicating a "Moderate Buy" rating from analysts.

BellRing Brands (NYSE:BRBR - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.06, Zacks reports. The business had revenue of $547.50 million for the quarter, compared to analysts' expectations of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 139.86%. The company's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. BellRing Brands updated its FY 2025 guidance to EPS.

BellRing Brands Price Performance

Shares of NYSE BRBR traded up $2.59 during trading hours on Wednesday, hitting $38.77. 7,331,705 shares of the stock were exchanged, compared to its average volume of 1,991,877. The firm has a market capitalization of $4.92 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.74 and a beta of 0.72. The company's 50 day moving average is $58.03 and its 200 day moving average is $67.22. BellRing Brands has a one year low of $34.02 and a one year high of $80.67.

Analysts Set New Price Targets

BRBR has been the subject of a number of research analyst reports. Truist Financial cut their target price on BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday. UBS Group reduced their price objective 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. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $68.00 to $50.00 in a research report on Wednesday. Morgan Stanley decreased their target price on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.06.

Insiders Place Their Bets

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction that occurred 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 in the company, valued at $10,509,728.04. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 14,400 shares of company stock worth $836,224. 1.07% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

An institutional investor recently raised its position in BellRing Brands stock. Goldman Sachs Group Inc. grew its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 20.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 253,403 shares of the company's stock after buying an additional 42,666 shares during the quarter. Goldman Sachs Group Inc. owned 0.20% of BellRing Brands worth $18,868,000 as of its most recent filing with the SEC. Institutional investors 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.