BellRing Brands (NYSE:BRBR) Posts Earnings Results, Beats Estimates By $0.11 EPS

BellRing Brands (NYSE:BRBR) issued its quarterly earnings data on Monday. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11, Briefing.com reports. The business had revenue of $494.60 million for the quarter, compared to analyst estimates of $467.22 million. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. BellRing Brands updated its FY 2024 guidance to EPS.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $57.94 on Thursday. The stock’s fifty day moving average is $57.88 and its 200-day moving average is $54.40. The stock has a market capitalization of $7.59 billion, a PE 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.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $62.00 price objective on shares of BellRing Brands in a report on Tuesday. Stephens reissued an “equal weight” rating and set a $53.00 price objective on shares of BellRing Brands in a report on Tuesday. TD Cowen increased their price objective on BellRing Brands from $64.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. Barclays increased their price objective on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, Stifel Nicolaus upped their price target on BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.58.

About BellRing Brands

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.