BellRing Brands (NYSE:BRBR) Given New $63.00 Price Target at UBS Group

BellRing Brands (NYSE:BRBR - Free Report) had its price objective reduced by UBS Group from $71.00 to $63.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

BRBR has been the subject of several other research reports. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research note on Tuesday, May 27th. Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Evercore ISI reduced their target price on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Morgan Stanley started coverage on BellRing Brands in a report on Monday, March 24th. They set an "overweight" rating and a $84.00 price objective for the company. Finally, Truist Financial lowered their target price on shares of BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and an average price target of $76.19.

BellRing Brands Trading Up 1.6%

Shares of BRBR stock traded up $0.91 during trading on Thursday, hitting $58.11. The company's stock had a trading volume of 1,990,471 shares, compared to its average volume of 1,410,229. The company has a market cap of $7.38 billion, a PE ratio of 27.03, a P/E/G ratio of 1.80 and a beta of 0.70. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $80.67. The business has a fifty day moving average of $60.44 and a 200-day moving average of $68.88.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. BellRing Brands had a net margin of 12.82% and a negative return on equity of 133.63%. The business had revenue of $588.00 million for the quarter, compared to the consensus estimate of $577.56 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The company's revenue was up 18.9% compared to the same quarter last year. As a group, research analysts predict that BellRing Brands will post 2.23 EPS for the current year.

Insider Transactions at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $57.66, for a total transaction of $92,256.00. Following the completion of the transaction, the chief executive officer owned 198,778 shares of the company's stock, valued at approximately $11,461,539.48. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 9,600 shares of company stock valued at $570,128 over the last ninety days. 1.07% of the stock is owned by corporate insiders.

Institutional Trading of BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Maseco LLP bought a new stake in BellRing Brands in the 2nd quarter worth about $25,000. Versant Capital Management Inc grew its stake in shares of BellRing Brands by 1,742.9% in the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after acquiring an additional 366 shares during the period. TCTC Holdings LLC lifted its position in BellRing Brands by 87.6% during the first 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 period. MassMutual Private Wealth & Trust FSB lifted its position in BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after purchasing an additional 283 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in BellRing Brands by 283.3% in the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Company Profile

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.