BellRing Brands (NYSE:BRBR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of BellRing Brands (NYSE:BRBR) from a strong sell rating to a hold rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on the company. Barclays decreased their price objective on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Sanford C. Bernstein lowered shares of BellRing Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. TD Cowen lowered their price target on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Morgan Stanley restated an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group reduced their price target on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.47.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $13.91 on Monday. The business’s fifty day moving average price is $10.60 and its two-hundred day moving average price is $16.97. The firm has a market capitalization of $1.62 billion, a PE ratio of 10.79, a P/E/G ratio of 6.63 and a beta of 0.45. BellRing Brands has a 1-year low of $7.82 and a 1-year high of $59.10.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 earnings per share. Equities research analysts expect that BellRing Brands will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of BellRing Brands stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the transaction, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Institutional Trading of BellRing Brands

Several large investors have recently modified their holdings of BRBR. AQR Capital Management LLC raised its holdings in BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after acquiring an additional 3,258,035 shares during the period. Wasatch Advisors LP boosted its holdings in BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock valued at $245,363,000 after purchasing an additional 1,575,812 shares in the last quarter. Capital Research Global Investors bought a new position in shares of BellRing Brands during the 3rd quarter worth approximately $172,312,000. The Manufacturers Life Insurance Company grew its position in BellRing Brands by 156.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after acquiring an additional 2,336,029 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of BellRing Brands by 0.5% during the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after acquiring an additional 19,471 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Company Profile

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.