BellRing Brands Analysts Increase Their Forecasts After Upbeat Earnings

BellRing Brands BRBR reported better-than-expected earnings for its fourth quarter, after the closing bell on Monday.

The company posted quarterly earnings of 51 cents per share, which beat the analyst consensus estimate of 50 cents per share. The company reported quarterly sales of $555.80 million which beat the analyst consensus estimate of $536.13 million.

“We finished the year strong, with our results coming in at the high end of our expectations. Premier Protein consumption accelerated, lifted by better in stocks and meaningful distribution gains. Additionally, Premier Protein achieved all time highs this quarter for household penetration and total distribution points, and saw strong market share gains in both shakes and powders,” said Darcy H. Davenport, President and Chief Executive Officer of BellRing. “Our momentum remains high as we enter 2025. The convenient nutrition category continues to provide strong tailwinds, with ready-to-drink shakes and powders in the early stages of growth. We have leading mainstream brands that deeply resonate with consumers, giving us confidence in the long-term prospects for our company.”

BellRing Brands said it sees FY25 net sales of $2.24 billion to $2.32 billion and adjusted EBITDA of $460 million to $490 million.

BellRing Brands shares fell 0.2% to close at $73.26 on Tuesday.

These analysts made changes to their price targets on BellRing Brands following earnings announcement.

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B of A Securities analyst Bryan Spillane maintained BellRing Brands with a Buy and raised the price target from $75 to $82.
Deutsche Bank analyst Steve Powers maintained BellRing Brands with a Buy and raised the price target from $73 to $77.
Stifel analyst Matthew Smith maintained the stock with a Buy and raised the price target from $67 to $81.