Truist Financial Has Lowered Expectations for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR - Free Report) had its target price decreased by Truist Financial from $65.00 to $60.00 in a research note released on Wednesday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on the company. Mizuho reduced their price target on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Morgan Stanley began coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 target price for the company. Citigroup cut their price target on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Barclays set a $75.00 price objective on shares of BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, UBS Group cut their target price on shares of BellRing Brands from $81.00 to $71.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus price target of $76.69.

BellRing Brands Trading Up 0.1%

Shares of NYSE:BRBR traded up $0.08 during trading on Wednesday, reaching $57.58. The company had a trading volume of 831,619 shares, compared to its average volume of 1,738,463. The company has a fifty day moving average of $63.87 and a two-hundred day moving average of $70.44. The stock has a market capitalization of $7.31 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.85 and a beta of 0.70. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. The firm had revenue of $588.00 million during the quarter, compared to analyst estimates of $577.56 million. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The business's quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS. As a group, equities research analysts predict that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 6th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $58.04, for a total value of $92,864.00. Following the completion of the transaction, the chief executive officer owned 201,978 shares in the company, valued at approximately $11,722,803.12. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 6,400 shares of company stock worth $385,952. Company insiders own 1.07% of the company's stock.

Institutional Trading of BellRing Brands

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC purchased a new position in shares of BellRing Brands in the 4th quarter valued at approximately $228,000. Proficio Capital Partners LLC purchased a new stake in BellRing Brands in the 4th quarter worth approximately $4,660,000. Steward Partners Investment Advisory LLC increased its stake in shares of BellRing Brands by 18.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company's stock valued at $159,000 after acquiring an additional 332 shares during the last quarter. Atria Investments Inc grew its position in BellRing Brands by 21.6% during the fourth quarter. Atria Investments Inc now owns 12,439 shares of the company's stock valued at $937,000 after acquiring an additional 2,212 shares during the period. Finally, Aigen Investment Management LP increased its position in shares of BellRing Brands by 5.9% in the fourth quarter. Aigen Investment Management LP now owns 13,943 shares of the company's stock worth $1,050,000 after acquiring an additional 772 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

About BellRing Brands

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.