BellRing Brands (NYSE:BRBR) Price Target Lowered to $40.00 at UBS Group

Key Points

• UBS Group has lowered its price target for BellRing Brands from $63.00 to $40.00, indicating a neutral rating for the stock.
• Other analysts, including Truist Financial and Jefferies Financial Group, have also adjusted their target prices, with estimates ranging from $40.00 to $82.00.
• BellRing Brands recently reported a quarterly earnings per share (EPS) of $0.55, which exceeded analyst expectations, and showed a year-over-year revenue increase of 6.2%.

BellRing Brands (NYSE:BRBR - Free Report) had its price target trimmed by UBS Group from $63.00 to $40.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on BRBR. Mizuho cut their price objective on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Stephens raised BellRing Brands from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $68.00 to $50.00 in a research note on Wednesday. Evercore ISI reduced their price target on shares of BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a research report on Wednesday. Citigroup decreased 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 note on Wednesday, May 7th. Finally, Jefferies Financial Group upped 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. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus price target of $67.86.

BellRing Brands Price Performance

BRBR stock traded down $0.47 during midday trading on Wednesday, reaching $38.69. The company had a trading volume of 437,584 shares, compared to its average volume of 2,055,707. The firm has a 50-day moving average price of $57.16 and a 200-day moving average price of $66.80. The company has a market capitalization of $4.91 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.37 and a beta of 0.72. BellRing Brands has a 1 year low of $34.02 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. During the same period in the previous year, the firm posted $0.54 EPS. The firm's revenue was up 6.2% compared to the same quarter last year. On average, equities analysts predict that BellRing Brands will post 2.23 EPS for the current year.

Insider Buying and Selling at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares of the company's stock, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shawn Conway bought 2,700 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost of $36.41 per share, for a total transaction of $98,307.00. Following the completion of the purchase, the director directly owned 6,685 shares of the company's stock, valued at $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 quarter, insiders have sold 14,400 shares of company stock worth $836,224. 1.07% of the stock is currently owned by company insiders.

Institutional Trading of BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. LPL Financial LLC raised its position in shares of BellRing Brands by 40.9% in the 4th quarter. LPL Financial LLC now owns 37,514 shares of the company's stock worth $2,826,000 after purchasing an additional 10,882 shares during the last quarter. National Bank of Canada FI bought a new stake in BellRing Brands during the 4th quarter valued at about $1,846,000. Wells Fargo & Company MN lifted its stake in shares of BellRing Brands by 3.6% in the fourth quarter. Wells Fargo & Company MN now owns 226,371 shares of the company's stock worth $17,055,000 after buying an additional 7,782 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $276,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of BellRing Brands by 21.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 258,302 shares of the company's stock valued at $19,460,000 after buying an additional 45,136 shares during the last quarter. Hedge funds and other institutional investors 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.