BellRing Brands (NYSE:BRBR) Rating Increased to Overweight at Stephens

Key Points

• BellRing Brands received an upgrade from Stephens, moving from an "equal weight" rating to an "overweight" rating, with a price target of $50.00, indicating a potential upside of 38.30% from its previous close.
• In its latest quarterly earnings report, BellRing Brands posted an EPS of $0.55, surpassing analysts' expectations of $0.49, alongside a revenue of $547.5 million, which was above the forecast of $530.76 million.
• Hedge funds and institutional investors collectively own 94.97% of BellRing Brands, highlighting strong institutional support and interest in the stock.

BellRing Brands (NYSE:BRBR - Get Free Report) was upgraded by Stephens from an "equal weight" rating to an "overweight" rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage presently has a $50.00 price objective on the stock. Stephens' price target points to a potential upside of 38.30% from the company's previous close.

A number of other brokerages have also weighed in on BRBR. Jefferies Financial Group lifted their price objective on BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Mizuho cut their price target on shares of BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Citigroup decreased their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Truist Financial cut their target price on shares of BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research note on Wednesday, July 2nd. Finally, UBS Group decreased their price target on shares of BellRing Brands from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.50.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $36.15 on Wednesday. BellRing Brands has a 52-week low of $34.02 and a 52-week high of $80.67. The company's 50 day moving average price is $58.03 and its 200-day moving average price is $67.22. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.74 and a beta of 0.72.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.06. The firm 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 for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. As a group, equities research analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In related 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 value of $86,688.00. Following the transaction, the chief executive officer directly owned 193,978 shares of the company's stock, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 14,400 shares of company stock worth $836,224 in the last 90 days. Corporate insiders own 1.07% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Maseco LLP purchased a new stake in shares of BellRing Brands during the second quarter valued at $25,000. Versant Capital Management Inc boosted its position in BellRing Brands by 1,742.9% in the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC grew its stake in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after purchasing an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in shares of BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after purchasing an additional 283 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other 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.

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