Streetbeat News

BRBR

BellRing Brands, Inc.

https://bellring.com

Industry

Packaged Foods

BellRing Brands, Inc., together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels. BellRing Brands, Inc. was incorporated in 2019 and is headquartered in Saint Louis, Missouri.

Open

66.82

Mkt cap

8.7B

Volume

1.1M

High

67.82

P/E Ratio

31.83

52-wk high

80.67

Low

66.29

Div yield

N/A

52-wk low

48.06

BellRing Brands shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 7:12 pm

Yum China Holdings, Inc. (NYSE:YUMC) reported better-than-expected second-quarter earnings and announced a CFO transition, leading to a 11.6% surge in its stock price. Other notable stock movements include Lumen Technologies, Inc. (NYSE:LUMN) rising 90% after securing $5 billion in new business, and Clear Secure, Inc. (NYSE:YOU) gaining 26.4% following strong financial results and positive revenue guidance. Several other companies also saw significant gains due to better-than-expected earnings and guidance.

Portfolio Pulse from Avi Kapoor

August 06, 2024 | 3:47 pm

Stephens & Co. analyst Jim Salera has reiterated an Equal-Weight rating on BellRing Brands (NYSE:BRBR) and maintained a $55 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 3:37 pm

Needham analyst Matt McGinley has reiterated a Buy rating on BellRing Brands (NYSE:BRBR) and maintained a $66 price target.

Portfolio Pulse from Benzinga Newsdesk

August 06, 2024 | 10:23 am

BellRing Brands has raised its FY24 net sales forecast from $1.93B-$1.99B to $1.96B-$2.00B, which is still below the $2.963B estimate.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:02 pm

BellRing Brands (NYSE:BRBR) reported Q3 2024 adjusted EPS of $0.54, beating the $0.44 estimate by 22.73%. Sales were $515.4M, surpassing the $506.786M estimate by 1.70% and marking a 15.59% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 9:01 pm

Deutsche Bank analyst Steve Powers maintains a Buy rating on BellRing Brands (NYSE:BRBR) but lowers the price target from $67 to $65.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 4:09 pm

JP Morgan analyst Kenneth Goldman maintains an Overweight rating on BellRing Brands (NYSE:BRBR) and raises the price target from $64 to $65.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2024 | 4:17 pm

A study published in JAMA Network Open found no link between regular multivitamin use and a lower risk of death. The study tracked nearly 400,000 healthy adults for over 20 years. Despite the findings, health and wellness companies saw varied market reactions.

Portfolio Pulse from Michael Juliano

June 27, 2024 | 8:01 pm

Deutsche Bank has initiated coverage on BellRing Brands (NYSE:BRBR) with a Buy rating and set a price target of $67.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 9:18 am

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