BellRing Brands (NYSE:BRBR) Trading Up 5.5% - Here's Why

Key Points

• BellRing Brands' stock price rose by 5.5% during mid-day trading, reaching $40.60, despite a significant drop in trading volume compared to the average.
• Several analysts have upgraded their ratings for BellRing Brands, with a majority giving it a Buy rating, while the consensus target price now stands at $65.71.
• The company reported stronger-than-expected quarterly earnings with $0.55 EPS, surpassing the analyst consensus by $0.06, along with a revenue increase of 6.2% year-over-year.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) traded up 5.5% during mid-day trading on Tuesday . The company traded as high as $40.01 and last traded at $40.60. 280,130 shares were traded during trading, a decline of 87% from the average session volume of 2,097,425 shares. The stock had previously closed at $38.49.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research note on Wednesday, August 6th. Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. Citigroup lowered their price target on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Tuesday, May 27th. Finally, UBS Group lowered their price target on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, BellRing Brands currently has a consensus rating of "Moderate Buy" and an average target price of $64.80.

BellRing Brands Stock Performance

The stock has a market capitalization of $5.04 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 1.95 and a beta of 0.72. The firm's fifty day simple moving average is $52.33 and its 200 day simple moving average is $63.83.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. During the same period last year, the firm earned $0.54 EPS. The business's quarterly revenue was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. Analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other news, Director Shawn Conway bought 2,700 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $36.41 per share, with a total value of $98,307.00. Following the acquisition, the director directly owned 6,685 shares in the company, valued at $243,400.85. This represents a 67.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig L. Rosenthal bought 2,600 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the acquisition, the insider owned 33,475 shares in the company, valued at approximately $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. Insiders own 1.07% of the company's stock.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in BRBR. Mariner LLC boosted its stake in shares of BellRing Brands by 15.0% in the 4th quarter. Mariner LLC now owns 12,589 shares of the company's stock valued at $948,000 after purchasing an additional 1,643 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of BellRing Brands by 27.4% in the 4th quarter. First Trust Advisors LP now owns 219,610 shares of the company's stock valued at $16,545,000 after purchasing an additional 47,199 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of BellRing Brands by 83.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,577 shares of the company's stock valued at $119,000 after purchasing an additional 719 shares in the last quarter. OneDigital Investment Advisors LLC acquired a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $218,000. Finally, Hsbc Holdings PLC boosted its stake in shares of BellRing Brands by 155.7% in the 4th quarter. Hsbc Holdings PLC now owns 13,594 shares of the company's stock valued at $1,031,000 after purchasing an additional 8,278 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.