BellRing Brands (NYSE:BRBR) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

BellRing Brands (NYSE:BRBR) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $18.00 to $15.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 62.78% from the company’s previous close.

Several other research firms have also recently weighed in on BRBR. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Tuesday, October 6th. BNP Paribas Exane began coverage on shares of BellRing Brands in a research report on Friday, October 9th. They issued an “outperform” rating and a $12.00 target price for the company. Zacks Research downgraded shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 14th. Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research report on Thursday, July 9th. Finally, TD Cowen dropped their price objective on shares of BellRing Brands from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.57.

BellRing Brands Stock Performance

Shares of NYSE BRBR traded down $0.34 during trading hours on Tuesday, reaching $9.21. 1,788,646 shares of the stock were exchanged, compared to its average volume of 4,404,075. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 6.50, a P/E/G ratio of 4.45 and a beta of 0.43. BellRing Brands has a 52 week low of $7.33 and a 52 week high of $33.56. The stock’s fifty day simple moving average is $9.26 and its 200 day simple moving average is $13.76.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in BellRing Brands during the second quarter worth about $42,868,000. Amundi raised its position in shares of BellRing Brands by 106.4% in the 1st quarter. Amundi now owns 2,255,734 shares of the company’s stock valued at $36,295,000 after buying an additional 1,162,996 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BellRing Brands by 25.0% during the 1st quarter. Bank of America Corp DE now owns 1,248,761 shares of the company’s stock worth $20,093,000 after acquiring an additional 250,144 shares during the period. Gabelli Funds LLC lifted its holdings in shares of BellRing Brands by 13.5% during the 1st quarter. Gabelli Funds LLC now owns 620,225 shares of the company’s stock worth $9,979,000 after acquiring an additional 73,700 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of BellRing Brands by 42.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,265,443 shares of the company’s stock worth $9,731,000 after acquiring an additional 378,466 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.