BellRing Brands (NYSE:BRBR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Posted by Mickey Rousseau on Aug 6th, 2022

BellRing Brands (NYSE:BRBR – Get Rating) announced its quarterly earnings data on Thursday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01, Fidelity Earnings reports. BellRing Brands had a net margin of 4.38% and a negative return on equity of 3.60%. The company had revenue of $370.60 million during the quarter, compared to analysts’ expectations of $386.67 million. During the same quarter in the prior year, the company earned $0.30 EPS. BellRing Brands’s revenue was up 8.2% compared to the same quarter last year. BellRing Brands updated its FY 2022 guidance to EPS.

BellRing Brands Price Performance

Shares of BRBR stock traded down $0.35 during trading hours on Friday, hitting $24.96. The company had a trading volume of 932,470 shares, compared to its average volume of 602,960. The company’s fifty day moving average is $24.63 and its 200 day moving average is $24.55. BellRing Brands has a fifty-two week low of $20.36 and a fifty-two week high of $34.19. The stock has a market capitalization of $3.40 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 1.14 and a beta of 0.81.

Insider Transactions at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. bought 2,000 shares of BellRing Brands stock in a transaction on Thursday, May 12th. The shares were bought at an average cost of $23.67 per share, for a total transaction of $47,340.00. Following the acquisition, the director now directly owns 19,551 shares in the company, valued at $462,772.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Large investors have recently modified their holdings of the company. Quantedge Capital Pte Ltd grew its position in shares of BellRing Brands by 10.1% in the 1st quarter. Quantedge Capital Pte Ltd now owns 14,200 shares of the company’s stock valued at $328,000 after buying an additional 1,300 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in BellRing Brands during the 1st quarter worth $31,000. Captrust Financial Advisors boosted its stake in BellRing Brands by 1,612.5% during the 1st quarter. Captrust Financial Advisors now owns 3,288 shares of the company’s stock worth $76,000 after purchasing an additional 3,096 shares during the period. Advisor Group Holdings Inc. boosted its stake in BellRing Brands by 1,839.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,413 shares of the company’s stock worth $78,000 after purchasing an additional 3,237 shares during the period. Finally, First Manhattan Co. acquired a new stake in BellRing Brands during the 1st quarter worth $76,000.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BRBR. Mizuho dropped their price objective on shares of BellRing Brands from $33.00 to $30.00 in a research note on Tuesday, May 3rd. Citigroup began coverage on shares of BellRing Brands in a report on Monday, May 9th. They issued a “buy” rating on the stock. Finally, Morgan Stanley decreased their target price on shares of BellRing Brands from $32.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.14.

BellRing Brands Company Profile

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BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.