Zacks Research downgraded shares of BellRing Brands (NYSE:BRBR – Free Report) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning,Zacks.com reports.
BRBR has been the topic of several other reports. Truist Financial decreased their target price on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, August 6th. UBS Group decreased their price objective on shares of BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 6th. Stephens upgraded shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. Mizuho decreased their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. Finally, Jefferies Financial Group boosted their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Thirteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.80.
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BellRing Brands Stock Performance
BellRing Brands (NYSE:BRBR – Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.
BellRing Brands declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
Insider Activity at BellRing Brands
In other news, Director Shawn Conway bought 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average price of $36.41 per share, with a total value of $98,307.00. Following the purchase, the director owned 6,685 shares of the company’s stock, valued at $243,400.85. This trade represents a 67.75% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at $10,509,728.04. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. 1.07% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. TT International Asset Management LTD raised its stake in BellRing Brands by 29.5% in the 3rd quarter. TT International Asset Management LTD now owns 95,361 shares of the company’s stock valued at $3,466,000 after purchasing an additional 21,745 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $1,248,000. Osaic Holdings Inc. increased its stake in shares of BellRing Brands by 659.3% during the 2nd quarter. Osaic Holdings Inc. now owns 28,199 shares of the company’s stock valued at $1,635,000 after acquiring an additional 24,485 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in shares of BellRing Brands by 42.4% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 11,042 shares of the company’s stock valued at $640,000 after acquiring an additional 3,287 shares during the last quarter. Finally, Marex Group plc acquired a new position in shares of BellRing Brands during the 2nd quarter valued at about $497,000. Institutional investors and hedge funds own 94.97% of the company’s stock.
About BellRing Brands
BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.
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