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
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
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.
- Get a free copy of the StockNews.com research report on BellRing Brands (BRBR)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for BellRing Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BellRing Brands and related companies with MarketBeat.com's FREE daily email newsletter.