BellRing Brands (NYSE:BRBR) Given New $45.00 Price Target at Mizuho

Key Points

• Mizuho has significantly reduced its price target for BellRing Brands from $75.00 to $45.00, although it maintains an "outperform" rating on the stock, indicating a potential upside of 18.03% from the previous close.
• Several other firms have also revised their ratings and targets for BellRing, with Citigroup lowering its target from $90.00 to $80.00 and Barclays cutting its target from $75.00 to $50.00.
• BellRing's stock recently saw a decline of 0.6% to $38.13, trading significantly below its twelve-month high of $80.67, and analysts forecast an EPS of 2.23 for the current fiscal year.

BellRing Brands (NYSE:BRBR - Free Report) had its price target lowered by Mizuho from $75.00 to $45.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Evercore ISI decreased their target price on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating for the company in a research note on Wednesday, August 6th. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. Jefferies Financial Group increased their price objective 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. Citigroup reduced their price objective on shares of BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Morgan Stanley reduced their price objective on shares of BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $64.80.

BellRing Brands Stock Up 0.6%

Shares of BellRing Brands stock traded up $0.2570 during trading hours on Monday, hitting $40.0370. The company's stock had a trading volume of 2,916,916 shares, compared to its average volume of 4,350,888. BellRing Brands has a 1-year low of $34.02 and a 1-year high of $80.67. The business has a fifty day moving average of $52.33 and a 200 day moving average of $63.92. The company has a market capitalization of $5.04 billion, a PE ratio of 22.88, a P/E/G ratio of 1.94 and a beta of 0.72.

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

Insiders Place Their Bets

In other BellRing Brands news, Director Shawn Conway bought 1,316 shares of the company's stock in a transaction on Thursday, August 14th. The shares were bought at an average cost of $49,999.99 per share, with a total value of $65,799,986.84. Following the completion of the acquisition, the director owned 8,001 shares of the company's stock, valued at approximately $400,049,919.99. This trade represents a 19.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $54.18, for a total transaction of $86,688.00. Following the sale, the chief executive officer directly owned 193,978 shares in the company, valued at $10,509,728.04. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 14,400 shares valued at $836,224. 1.07% of the stock is owned by corporate insiders.

Institutional Trading of BellRing Brands

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of BellRing Brands in the 1st quarter worth about $280,000. GAMMA Investing LLC increased its holdings in shares of BellRing Brands by 12.2% in the 1st quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock worth $172,000 after acquiring an additional 252 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of BellRing Brands by 0.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock worth $5,365,000 after acquiring an additional 438 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of BellRing Brands by 71.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock worth $661,000 after acquiring an additional 3,700 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of BellRing Brands by 31.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock worth $1,384,000 after acquiring an additional 4,461 shares during the period. 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.