BellRing Brands (NYSE:BRBR) Stock Rating Lowered by Zacks Research

BellRing Brands (NYSE:BRBR) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Wednesday, Zacks reports.

Several other research firms also recently commented on BRBR. Stifel Nicolaus raised their price objective on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of BellRing Brands in a report on Thursday, July 9th. BNP Paribas Exane initiated coverage on BellRing Brands in a research report on Friday, October 9th. They set an “outperform” rating and a $12.00 price target on the stock. TD Cowen dropped their price target on BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday, October 6th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $18.83.

BellRing Brands Price Performance

Shares of BRBR stock opened at $8.97 on Wednesday. The company has a market capitalization of $1.04 billion, a P/E ratio of 6.56, a P/E/G ratio of 4.02 and a beta of 0.43. The company’s 50-day simple moving average is $9.46 and its two-hundred day simple moving average is $11.27. BellRing Brands has a one year low of $7.33 and a one year high of $34.88.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The company had revenue of $570.40 million for the quarter, compared to analysts’ expectations of $548.72 million. During the same period last year, the business posted $0.55 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, research analysts expect that BellRing Brands will post 1.03 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in BellRing Brands by 42.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,265,443 shares of the company’s stock valued at $9,731,000 after acquiring an additional 378,466 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in BellRing Brands in the third quarter valued at approximately $39,000. Everhart Financial Group Inc. purchased a new position in BellRing Brands in the third quarter worth $79,000. Versant Capital Management Inc increased its position in shares of BellRing Brands by 336.0% during the third quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock worth $36,000 after purchasing an additional 3,578 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of BellRing Brands during the second quarter worth $137,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing’s principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.