William Blair Raises Earnings Estimates for BellRing Brands

Key Points

• William Blair has raised its FY2025 earnings per share estimate for BellRing Brands from $2.17 to $2.18, slightly below the consensus estimate of $2.23.
• In its recent earnings report, BellRing Brands exceeded analysts' expectations with $0.55 earnings per share, compared to the consensus of $0.49, and reported revenue of $547.50 million, up 6.2% year-over-year.
• Several brokerages have updated their ratings on BellRing Brands, with 12 analysts giving it a "buy" rating and a current average price target of $67.86.

BellRing Brands Inc. (NYSE:BRBR - Free Report) - Equities research analysts at William Blair lifted their FY2025 earnings per share estimates for shares of BellRing Brands in a report issued on Tuesday, August 5th. William Blair analyst J. Andersen now forecasts that the company will post earnings of $2.18 per share for the year, up from their previous estimate of $2.17. The consensus estimate for BellRing Brands' current full-year earnings is $2.23 per share.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.06. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. The business had revenue of $547.50 million during the quarter, compared to analyst estimates of $530.76 million. During the same period in the previous year, the firm earned $0.54 EPS. BellRing Brands's quarterly revenue was up 6.2% compared to the same quarter last year.

Other equities research analysts have also recently issued research reports about the company. Stephens upgraded BellRing Brands from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $68.00 to $50.00 in a research note on Wednesday. Evercore ISI decreased their target price on BellRing Brands from $82.00 to $64.00 and set an "outperform" rating on the stock in a report on Wednesday. DA Davidson raised BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Tuesday, May 27th. Mizuho reduced their target price on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a report on Wednesday, May 28th. Finally, Morgan Stanley dropped their price objective on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.86.

BellRing Brands Stock Down 0.3%

Shares of BRBR traded down $0.12 on Friday, hitting $39.04. The company's stock had a trading volume of 3,356,118 shares, compared to its average volume of 4,187,513. The firm's fifty day moving average price is $56.68 and its 200-day moving average price is $66.48. BellRing Brands has a fifty-two week low of $34.02 and a fifty-two week high of $80.67. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.91 and a beta of 0.72.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently added to or reduced their stakes in BRBR. Maseco LLP acquired a new stake in BellRing Brands in the second quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in BellRing Brands by 1,742.9% in the first quarter. Versant Capital Management Inc now owns 387 shares of the company's stock valued at $29,000 after acquiring an additional 366 shares during the period. TCTC Holdings LLC grew its stake in BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after acquiring an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in BellRing Brands by 175.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after acquiring an additional 283 shares during the period. Finally, First Horizon Advisors Inc. grew its stake 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 acquiring an additional 340 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

Insider Activity

In other BellRing Brands news, Director Shawn Conway bought 2,700 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of $36.41 per share, with a total value of $98,307.00. Following the completion of the purchase, the director directly owned 6,685 shares of the company's stock, valued at approximately $243,400.85. This trade represents a 67.75% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the sale, the chief executive officer directly owned 193,978 shares of the company's stock, valued at $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,400 shares of company stock valued at $836,224. Company insiders own 1.07% 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.