Q3 2024 EPS Estimates for BellRing Brands, Inc. Lowered by Analyst (NYSE:BRBR)

BellRing Brands, Inc. (NYSE:BRBR) – Equities research analysts at William Blair reduced their Q3 2024 EPS estimates for BellRing Brands in a research note issued to investors on Tuesday, May 7th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.41 for the quarter, down from their previous estimate of $0.44. The consensus estimate for BellRing Brands’ current full-year earnings is $1.67 per share. William Blair also issued estimates for BellRing Brands’ Q4 2024 earnings at $0.38 EPS, FY2024 earnings at $1.66 EPS and FY2025 earnings at $1.96 EPS.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The firm had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period last year, the business posted $0.24 EPS.

Several other brokerages have also recently weighed in on BRBR. Stifel Nicolaus increased their price objective on shares of BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday. Stephens reissued an “equal weight” rating and set a $53.00 price objective on shares of BellRing Brands in a research report on Tuesday. Mizuho raised their target price on BellRing Brands from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their price target on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Morgan Stanley upped their price target on BellRing Brands from $61.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average price target of $61.58.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $58.09 on Wednesday. The stock’s 50-day simple moving average is $57.88 and its two-hundred day simple moving average is $54.40. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.18 and a beta of 0.85. BellRing Brands has a 52-week low of $34.58 and a 52-week high of $62.76.

Institutional Investors Weigh In On BellRing Brands

Several large investors have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in BellRing Brands during the first quarter valued at about $32,000. Parallel Advisors LLC raised its stake in shares of BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in BellRing Brands during the first quarter valued at approximately $37,000. Allworth Financial LP boosted its stake in BellRing Brands by 59.2% in the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock valued at $42,000 after acquiring an additional 375 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in BellRing Brands in the fourth quarter worth $44,000. Institutional investors own 94.97% 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.