BellRing Brands (NYSE:BRBR) Rating Lowered to Strong Sell at Zacks Research

BellRing Brands (NYSE:BRBR) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts also recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Stifel Nicolaus decreased their price objective on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday. Jefferies Financial Group lowered their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. TD Cowen cut their target price on BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, BTIG Research assumed coverage on BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating for the company. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.73.

BellRing Brands Price Performance

BRBR opened at $10.34 on Thursday. The firm has a market cap of $1.21 billion, a PE ratio of 8.02, a P/E/G ratio of 4.76 and a beta of 0.74. The stock has a 50-day moving average price of $16.33 and a 200-day moving average price of $23.17. BellRing Brands has a 1 year low of $9.22 and a 1 year high of $67.00.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). The firm had revenue of $598.70 million for the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. As a group, sell-side analysts anticipate that BellRing Brands will post 1.32 EPS for the current year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 2,000 shares of BellRing Brands stock in a transaction dated Friday, February 13th. The stock was purchased at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the director directly owned 7,391 shares of the company’s stock, valued at $131,190.25. The trade was a 37.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its position in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 524 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after buying an additional 419 shares during the period. Danske Bank A S bought a new position in shares of BellRing Brands during the 3rd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of BellRing Brands in the 3rd quarter worth $35,000. Finally, IFP Advisors Inc boosted its stake in shares of BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.