Tomorrow Is Not Likely To Be Same For BellRing Brands Inc. (BRBR)

The Vanguard Group, Inc. has recently announced that it has increased stake in BellRing Brands Inc. (NYSE:BRBR) by 0.56%. After grabbing 13.27 million shares, the institutional investor is now in possession of 73912.0 shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 9.93% having worth around $477.42 million. Moreover, SSgA Funds Management, Inc. increased its share by 94960.0 to have a control over 4.38 million shares. And Wasatch Advisors, Inc. raised its holdings to 53242.0 shares by acquiring 3.8 million shares or 2.84% of the stake.

BellRing Brands Inc. (BRBR) concluded trading on 05/24/23 at a closing price of $36.10, with 1.18 million shares of worth about $42.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.34% during that period and on Wednesday the price saw a gain of about 0.87%. Currently the company’s common shares owned by public are about 133.40M shares, out of which, 130.30M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the BRBR stock and their offered price forecasts bring an average price target of $42.60. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $47.00 and could fall to a lowest price of $39.00. The stock’s current price level is 15.63% above of average price target set by the analysts, while a rise to estimated low would result in gain of 7.44% for the stock. However, touching the estimated high of $47.00 would mean a gain of 23.19% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 22 times over the past 12 months. They bought 32,978 shares in 6 of the transactions. In 16 selling transactions, insiders dumped 14,849,982 shares.

Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in BellRing Brands Inc. Vanguard Total Stock Market ETF is currently holding 4.18 million shares of worth totaling $150.36 million. The company recently came buying 23089.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 14891.0 shares, after which its hold over company’s outstanding shares expand to 3.12%, leaving 4.17 million shares with the mutual fund that have a worth of about $150.01 million. Vanguard Small Cap Index Fund, after selling 3.52 million shares, have now control over 2.63% of the stake in the company. It holds 858.0 shares of worth $126.57 million.

BellRing Brands Inc. (NYSE: BRBR) started trading at $35.60, below -$0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 36.44, or with a gain of 0.87%. Stock saw a price change of 0.14% in past 5 days and over the past one month there was a price change of 2.32%. Year-to-date (YTD), BRBR shares are showing a performance of 40.80% which increased to 38.85% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.20 but also hit the highest price of $37.55 during that period. The average intraday trading volume for BellRing Brands Inc. shares is 869.92K. The stock is currently trading -0.23% below its 20-day simple moving average (SMA20), while that difference is up 4.86% for SMA50 and it goes to 29.96% higher than SMA200.

The Vanguard Group, Inc. acquired 13.27 million shares of BellRing Brands Inc. having value of about $477.42 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 73912.0 shares in the company valued at close to $2668223.2, or have control over 0.56% stake in the company. BellRing Brands Inc. (NYSE: BRBR) currently have 133.40M outstanding shares and institutions hold larger chunk of about 94.20% of that. Holding of mutual funds in the company is about 45.28% while other institutional holders and individual stake holders have control over 51.94% and 0.85% of the stake respectively.

The stock has a current market capitalization of $4.88B and its 3Y-monthly beta is at 0.87. PE ratio of stock for trailing 12 months is 33.09, while it has posted earnings per share of $1.09 in the same period. Its PEG reads 2.19 and has Quick Ratio of 1.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BRBR, volatility over the week remained 2.55% while standing at 2.51% over the month.

Analysts are in expectations that BellRing Brands Inc. (BRBR) stock would likely to be making an EPS of $0.33 in the current quarter, while forecast for next quarter EPS is $0.38 and it is $1.54 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.31 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 25.30% while it is estimated to increase by 20.57% in next year. EPS is likely to grow at an annualized rate of 15.10% for next 5-years, compared to annual growth of -3.10% made by the stock over the past 5-years.

Analysts at 16 brokerage firms have issued recommendations for the BellRing Brands Inc. (BRBR)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.60. Out of those 16 Wall Street analysts, 15 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.