BellRing Brands (NYSE:BRBR) Releases Quarterly Earnings Results, Hits Expectations

BellRing Brands (NYSE:BRBR - Get Free Report) issued its earnings results on Monday. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53, Zacks reports. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. The firm had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. During the same quarter last year, the business earned $0.45 earnings per share. The business's revenue was up 18.9% on a year-over-year basis. BellRing Brands updated its FY 2025 guidance to EPS.

BellRing Brands Stock Down 1.1 %

Shares of BRBR stock traded down $0.66 during trading hours on Friday, hitting $61.18. 1,993,837 shares of the company's stock traded hands, compared to its average volume of 1,273,192. The stock's fifty day simple moving average is $72.00 and its two-hundred day simple moving average is $73.52. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.24 and a beta of 0.86.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BRBR shares. Truist Financial cut their price target on shares of BellRing Brands from $75.00 to $65.00 and set a "hold" rating on the stock in a report on Thursday. Morgan Stanley initiated coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 price target on the stock. Evercore ISI dropped their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a report on Wednesday. Stephens reiterated an "equal weight" rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Finally, Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Insider Buying and Selling

In other news, Director Robert V. Vitale sold 28,453 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total value of $2,188,320.23. Following the sale, the director now directly owns 1,110,004 shares of the company's stock, valued at approximately $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Douglas J. Cornille sold 3,192 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $75.13, for a total value of $239,814.96. Following the transaction, the insider now owns 57,836 shares of the company's stock, valued at $4,345,218.68. The trade was a 5.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 221,828 shares of company stock worth $16,917,365 in the last 90 days. Insiders own 1.07% of the company's stock.

BellRing Brands declared that its Board of Directors has authorized a share buyback plan on Thursday, March 6th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the company to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

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.