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

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

A number of other brokerages have also commented on BRBR. DA Davidson upgraded shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a report on Tuesday, May 27th. Mizuho decreased their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a research note on Wednesday, May 28th. Barclays set a $75.00 price target on shares of BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Evercore ISI dropped their target price on shares of BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley began coverage on shares of BellRing Brands in a research note on Monday, March 24th. They set an "overweight" rating and a $84.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $76.69.

BellRing Brands Price Performance

NYSE:BRBR traded up $0.08 during mid-day trading on Wednesday, reaching $57.58. The stock had a trading volume of 832,039 shares, compared to its average volume of 1,386,029. The stock has a 50-day simple moving average of $63.17 and a two-hundred day simple moving average of $70.17. The stock has a market capitalization of $7.31 billion, a PE ratio of 26.78, a P/E/G ratio of 1.82 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 issued its earnings results on Monday, May 5th. The company reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $577.56 million. During the same quarter last year, the business posted $0.45 earnings per share. The company's quarterly revenue was up 18.9% on a year-over-year basis. Equities analysts expect that BellRing Brands will post 2.23 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the business's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $58.04, for a total transaction of $92,864.00. Following the completion of the sale, the chief executive officer directly owned 201,978 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 6,400 shares of company stock worth $385,952 in the last quarter. Insiders own 1.07% of the company's stock.

Institutional Trading of BellRing Brands

A number of large investors have recently made changes to their positions in BRBR. Private Advisor Group LLC purchased a new stake in shares of BellRing Brands during the fourth quarter valued at $228,000. Proficio Capital Partners LLC purchased a new stake in BellRing Brands in the fourth quarter worth about $4,660,000. Steward Partners Investment Advisory LLC lifted its stake in BellRing Brands by 18.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company's stock worth $159,000 after acquiring an additional 332 shares during the period. Atria Investments Inc lifted its stake in BellRing Brands by 21.6% in the fourth quarter. Atria Investments Inc now owns 12,439 shares of the company's stock worth $937,000 after acquiring an additional 2,212 shares during the period. Finally, Aigen Investment Management LP lifted its stake in 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 during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.