JPMorgan Chase & Co. Issues Pessimistic Forecast for BellRing Brands (NYSE:BRBR) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced its price target for BellRing Brands from $52.00 to $45.00, while maintaining an "overweight" rating, indicating potential upside despite a pessimistic outlook.
• BellRing Brands announced a $400 million stock buyback plan, reflecting the board's belief that the company's stock is undervalued.
• Thirteen investment analysts have rated BellRing Brands with a "Buy" rating, leading to an average consensus target price of $64.27, despite mixed ratings from other firms.

BellRing Brands (NYSE:BRBR - Get Free Report) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $52.00 to $45.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 29.01% from the company's previous close.

A number of other research firms have also recently weighed in on BRBR. Evercore ISI dropped their price objective on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday, August 6th. Zacks Research downgraded BellRing Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. Jefferies Financial Group lifted their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $68.00 to $50.00 in a report on Wednesday, August 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of BellRing Brands in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $64.27.

BellRing Brands Stock Up 0.3%

Shares of NYSE BRBR traded up $0.09 during midday trading on Thursday, hitting $34.88. The stock had a trading volume of 131,707 shares, compared to its average volume of 2,283,433. The company has a fifty day moving average price of $39.02 and a 200 day moving average price of $56.02. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.62 and a beta of 0.75. BellRing Brands has a 1-year low of $33.72 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, research analysts forecast that BellRing Brands will post 2.23 EPS for the current year.

BellRing Brands announced that its board has approved a stock buyback plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Insider Activity at BellRing Brands

In related news, insider Craig L. Rosenthal acquired 2,600 shares of the firm's stock in a transaction on Wednesday, August 6th. The shares were 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 directly 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shawn Conway acquired 2,700 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $36.41 per share, with a total value of $98,307.00. Following the completion of the transaction, the director directly owned 6,685 shares of the company's stock, valued at approximately $243,400.85. The trade was a 67.75% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Maseco LLP bought a new stake in shares of BellRing Brands during the 2nd quarter worth approximately $25,000. TCTC Holdings LLC lifted its stake in BellRing Brands by 87.6% in 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 last quarter. First Horizon Advisors Inc. boosted its position in BellRing Brands by 283.3% in the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after buying an additional 340 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock worth $38,000 after buying an additional 310 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $51,000 after buying an additional 665 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company's stock.

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.

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