BellRing Brands (NYSE:BRBR) Stock Falls 5.2% on Analyst Downgrade

Shares of BellRing Brands Inc. (NYSE:BRBR) fell 5.2% during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $18.00 to $15.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. BellRing Brands traded as low as $9.06 and last traded at $9.0590. Approximately 706,927 shares changed hands during trading, a decline of 84% from the average daily volume of 4,398,681 shares. The stock had previously closed at $9.56.

Several other analysts have also issued reports on the company. Stephens restated an “overweight” rating and issued a $20.00 target price on shares of BellRing Brands in a research note on Thursday, July 9th. Stifel Nicolaus lifted their price target on shares of BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. UBS Group set a $9.50 price target on shares of BellRing Brands in a research note on Thursday, October 15th. Zacks Research lowered BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 14th. Finally, DA Davidson raised their target price on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, BellRing Brands presently has an average rating of “Hold” and an average target price of $18.57.

Institutional Trading of BellRing Brands

Institutional investors have recently made changes to their positions in the business. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in BellRing Brands during the second quarter worth about $42,868,000. Amundi grew its stake in BellRing Brands by 106.4% during the first quarter. Amundi now owns 2,255,734 shares of the company’s stock worth $36,295,000 after buying an additional 1,162,996 shares during the period. Pacer Advisors Inc. boosted its stake in shares of BellRing Brands by 2,125.3% in the first quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock valued at $9,499,000 after purchasing an additional 563,833 shares during the period. Steamboat Capital Partners LLC purchased a new position in shares of BellRing Brands during the 2nd quarter valued at approximately $5,118,000. Finally, Counterpoint Mutual Funds LLC increased its holdings in shares of BellRing Brands by 55.8% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,084,423 shares of the company’s stock valued at $8,339,000 after acquiring an additional 388,319 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Down 0.4%

The stock has a 50 day simple moving average of $9.20 and a 200 day simple moving average of $13.54. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 6.48, a P/E/G ratio of 4.45 and a beta of 0.43.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share 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 analyst estimates of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. As a group, analysts forecast that BellRing Brands Inc. will post 1.03 EPS for the current year.

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.