BellRing Brands (NYSE:BRBR) Price Target Lowered to $19.00 at UBS Group

Key Points

• UBS cut its price target on BellRing Brands from $23 to $19 and maintained a "neutral" rating, implying about a 21.8% upside from the current ~$15.59 share price.
• Analyst views are mixed: the consensus is a "Moderate Buy" with a $37 average price target (12 Buys, 6 Holds, 1 Sell), while banks like Morgan Stanley and Bank of America have higher targets near $32.
• Fundamentals show a recent quarter that beat EPS ($0.37 vs. $0.31) and revenue ($537.3M vs. $505.4M) but only 0.8% revenue growth year-over-year, a 7.9% net margin and a negative ROE of 64.8%; institutional ownership is very high (~95%) with notable recent inflows.

BellRing Brands (NYSE:BRBR - Get Free Report) had its price target decreased by stock analysts at UBS Group from $23.00 to $19.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. UBS Group's price target would suggest a potential upside of 21.84% from the company's current price.

A number of other equities analysts also recently commented on BRBR. TD Cowen restated a "hold" rating on shares of BellRing Brands in a report on Thursday, January 8th. Weiss Ratings downgraded BellRing Brands from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday, February 2nd. Morgan Stanley set a $32.00 target price on BellRing Brands in a research report on Friday, January 16th. Bank of America lifted their price target on BellRing Brands from $28.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, December 19th. Finally, William Blair restated an "outperform" rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

BellRing Brands Stock Performance

Shares of BRBR stock traded down $0.14 during trading hours on Tuesday, reaching $15.59. The company had a trading volume of 1,245,947 shares, compared to its average volume of 4,036,026. The business has a fifty day moving average price of $18.35 and a 200-day moving average price of $26.11. BellRing Brands has a one year low of $14.43 and a one year high of $79.57. The firm has a market cap of $1.83 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 3.28 and a beta of 0.73.

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, topping analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $537.30 million during the quarter, compared to analyst estimates of $505.44 million. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Equities research analysts forecast that BellRing Brands will post 2.23 EPS for the current year.

Insider Buying and Selling

In other news, Director David Isaiah Finkelstein acquired 2,000 shares of the firm's stock in a transaction on Friday, February 13th. The shares were purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the transaction, the director owned 7,391 shares of the company's stock, valued at approximately $131,190.25. This represents a 37.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company's stock worth $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Wasatch Advisors LP boosted its position in shares of BellRing Brands by 30.5% in the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company's stock worth $245,363,000 after purchasing an additional 1,575,812 shares during the last quarter. Capital Research Global Investors bought a new position in shares of BellRing Brands in the 3rd quarter worth $172,312,000. Holocene Advisors LP boosted its position in shares of BellRing Brands by 50.7% in the 2nd quarter. Holocene Advisors LP now owns 3,928,395 shares of the company's stock worth $227,572,000 after purchasing an additional 1,320,849 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company's stock worth $102,380,000 after purchasing an additional 2,336,029 shares during the last quarter. 94.97% of the stock is currently 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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