BellRing Brands (NYSE:BRBR) Trading 5.9% Higher - Still a Buy?

Key Points

• BellRing Brands shares rose 5.9% to about $10.79 in mid-day trading, though volume was down 84% from the average session.
• Analyst sentiment remains mixed: nine analysts rate the stock Buy, eight Hold and one Sell, resulting in a consensus Hold rating and a $19.82 price target.
• The latest quarter showed 4.2% revenue growth to $570.4 million, exceeding estimates, but EPS of $0.30 missed expectations of $0.37 and fell from $0.55 a year earlier. Institutional investors own nearly 95% of the company.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report)'s share price was up 5.9% during mid-day trading on Monday . The stock traded as high as $10.71 and last traded at $10.7890. Approximately 733,550 shares changed hands during trading, a decline of 84% from the average session volume of 4,585,717 shares. The stock had previously closed at $10.19.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BRBR. TD Cowen raised their price objective on BellRing Brands from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Stephens reiterated an "overweight" rating and issued a $20.00 target price on shares of BellRing Brands in a research note on Thursday, July 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of BellRing Brands in a report on Friday, July 10th. Morgan Stanley reissued an "equal weight" rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Finally, Barclays upped their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.82.

BellRing Brands Stock Up 5.8%

The stock has a market cap of $1.25 billion, a PE ratio of 7.58, a PEG ratio of 5.97 and a beta of 0.45. The stock's fifty day moving average price is $11.87 and its 200 day moving average price is $13.68.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The business had revenue of $570.40 million for the quarter, compared to analysts' expectations of $548.72 million. During the same period in the previous year, the business earned $0.55 earnings per share. The business's quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of BellRing Brands in the second quarter valued at about $42,868,000. AQR Capital Management LLC increased its stake in BellRing Brands by 86.9% in the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company's stock valued at $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of BellRing Brands during the third quarter worth about $98,944,000. The Manufacturers Life Insurance Company grew its holdings in BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company's stock worth $102,380,000 after buying an additional 2,336,029 shares in the last quarter. Finally, River Road Asset Management LLC bought a new position in BellRing Brands during the 4th quarter valued at $56,465,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company's product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands' flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.

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