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

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

BellRing Brands Stock Performance

BRBR traded up $2.25 on Wednesday, reaching $54.98. The company had a trading volume of 614,667 shares, compared to its average volume of 1,367,658. BellRing Brands has a 52-week low of $36.14 and a 52-week high of $62.76. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 36.58, a P/E/G 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.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chairman now owns 215,054 shares of the company’s stock, valued at $12,935,498.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens reiterated an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a report on Tuesday. JPMorgan Chase & Co. raised their price target on shares of BellRing Brands from $64.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. TD Cowen boosted their target price on BellRing Brands from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Evercore ISI lifted their price target on shares of BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.71.

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.