BellRing Brands (NYSE:BRBR) Releases Earnings Results, Beats Expectations By $0.10 EPS

BellRing Brands (NYSE:BRBR) issued its quarterly earnings results on Monday. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10, Briefing.com reports. The firm had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the company posted $0.34 EPS.

BellRing Brands Stock Up 6.8 %

Shares of BRBR stock opened at $52.68 on Wednesday. The stock has a market cap of $6.87 billion, a PE ratio of 36.58, a price-to-earnings-growth ratio of 1.50 and a beta of 0.84. The business has a 50-day simple moving average of $55.20 and a 200-day simple moving average of $56.74. BellRing Brands has a 52-week low of $35.86 and a 52-week high of $62.76.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Mizuho boosted their target price on BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a research note on Tuesday. Barclays lifted their price target on BellRing Brands from $62.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.71.

Insider Activity

In other news, Chairman Robert V. Vitale sold 15,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the transaction, the chairman now owns 215,054 shares of the company’s stock, valued at approximately $12,935,498.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% 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.