BellRing Brands (NYSE:BRBR) Price Target Cut to $19.00 by Analysts at Bank of America

Key Points

• Bank of America cut its price target on BellRing Brands from $22 to $19 and kept a "neutral" rating, implying roughly a 23.4% upside from the current share price.
• Analyst views diverge: the consensus is a Moderate Buy with an average target of $36.19, while individual targets span from about $19 up into the low-to-mid $30s.
• Shares opened at $15.40 after a quarterly beat (EPS $0.37 vs $0.31; revenue $537.3M vs $505.4M), but the company shows a negative return on equity (-64.79%); insiders own ~1.5% and institutions ~94.97%, with a director recently buying 2,000 shares.

BellRing Brands (NYSE:BRBR - Get Free Report) had its target price lowered by Bank of America from $22.00 to $19.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Bank of America's target price suggests a potential upside of 23.40% from the company's current price.

Several other research firms have also recently weighed in on BRBR. Barclays restated an "overweight" rating on shares of BellRing Brands in a report on Thursday, February 5th. UBS Group cut their target price on shares of BellRing Brands from $23.00 to $19.00 and set a "neutral" rating on the stock in a research report on Tuesday. Morgan Stanley set a $32.00 target price on shares of BellRing Brands in a report on Friday, January 16th. Weiss Ratings cut shares of BellRing Brands from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, February 2nd. Finally, Mizuho cut their price target on shares of BellRing Brands from $40.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, March 5th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.19.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $15.40 on Friday. BellRing Brands has a 52-week low of $14.43 and a 52-week high of $79.57. The company has a market capitalization of $1.81 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.73. The company has a fifty day moving average of $17.77 and a 200-day moving average of $25.82.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.06. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The company had revenue of $537.30 million for the quarter, compared to the consensus estimate of $505.44 million. During the same quarter last year, the business posted $0.58 EPS. BellRing Brands's revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts forecast that BellRing Brands will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein bought 2,000 shares of BellRing Brands stock in a transaction that occurred on Friday, February 13th. The shares were acquired at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the acquisition, the director directly owned 7,391 shares of the company's stock, valued at approximately $131,190.25. The trade was a 37.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently modified their holdings of BRBR. Goldman Sachs Group Inc. raised its stake in BellRing Brands by 20.2% during the first quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company's stock worth $18,868,000 after buying an additional 42,666 shares during the last quarter. Caxton Associates LLP acquired a new stake in BellRing Brands during the 1st quarter worth about $278,000. Northwestern Mutual Wealth Management Co. raised its position in shares of BellRing Brands by 42.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company's stock worth $72,000 after acquiring an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of BellRing Brands by 89.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company's stock worth $92,000 after acquiring an additional 755 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of BellRing Brands by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 226,101 shares of the company's stock valued at $13,098,000 after purchasing an additional 9,179 shares during the period. 94.97% of the stock is 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.

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