During the last session, Bellring Brands Inc (NYSE:BRBR)’s traded shares were 0.88 million, with the beta value of the company hitting 0.84. At the end of the trading day, the stock’s price was $66.69, reflecting an intraday gain of 1.31% or $0.86. The 52-week high for the BRBR share is $67.12, that puts it down -0.64 from that peak though still a striking 34.77% gain since the share price plummeted to a 52-week low of $43.50. The company’s market capitalization is $8.62B, and the average intraday trading volume over the past 10 days was 0.82 million shares, and the average trade volume was 909.69K shares over the past three months.
Bellring Brands Inc (BRBR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.56. BRBR has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.5.
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Bellring Brands Inc (NYSE:BRBR) trade information
Bellring Brands Inc (BRBR) registered a 1.31% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.31% in intraday trading to $66.69, hitting a weekly high. The stock’s 5-day price performance is 3.43%, and it has moved by 8.30% in 30 days. Based on these gigs, the overall price performance for the year is 49.50%. The short interest in Bellring Brands Inc (NYSE:BRBR) is 1.75 million shares and it means that shorts have 2.16 day(s) to cover.
The consensus price target of analysts on Wall Street is $35, which implies a decrease of -90.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $29 and $65 respectively. As a result, BRBR is trading at a premium of 2.53% off the target high and 56.52% off the low.
Bellring Brands Inc (BRBR) estimates and forecasts
Statistics show that Bellring Brands Inc has outperformed its competitors in share price, compared to the industry in which it operates. Bellring Brands Inc (BRBR) shares have gone up 16.14% during the last six months, with a year-to-date growth rate more than the industry average at 43.94% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 22.00% this quarter and then jump 11.60% in the quarter after that. In the rating firms’ projections, revenue will increase 19.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 543.21M as predicted by 13 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 487.23M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 472.6M and 412.46M respectively. In this case, analysts expect current quarter sales to grow by 14.90% and then jump by 18.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.72%. While earnings are projected to return 45.35% in 2024, the next five years will return 21.23% per annum.
BRBR Dividends
Bellring Brands Inc is due to release its next quarterly earnings on 2024-Nov-18. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bellring Brands Inc (NYSE:BRBR)’s Major holders
Bellring Brands Inc insiders own 0.73% of total outstanding shares while institutional holders control 97.37%, with the float percentage being 98.09%. VANGUARD GROUP INC is the largest shareholder of the company, while 593.0 institutions own stock in it. As of 2024-06-30, the company held over 13.49 million shares (or 10.2958% of all shares), a total value of $770.68 million in shares.
The next largest institutional holding, with 11.69 million shares, is of BLACKROCK INC.’s that is approximately 8.9214% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $667.8 million.
