Zacks Research Upgrades BellRing Brands (NYSE:BRBR) to “Hold”

BellRing Brands (NYSE:BRBR) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on BRBR. UBS Group decreased their target price on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $35.00 to $11.00 in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their target price on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. DA Davidson upgraded shares of BellRing Brands to a “strong-buy” rating in a research note on Monday. Finally, Stifel Nicolaus lowered their price target on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Trading Up 3.4%

Shares of BellRing Brands stock opened at $13.91 on Monday. BellRing Brands has a 1 year low of $7.82 and a 1 year high of $59.10. The company’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $16.97. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 6.63 and a beta of 0.45.

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

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

Institutional Trading of BellRing Brands

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of BellRing Brands by 96.8% in the second quarter. GAMMA Investing LLC now owns 7,760 shares of the company’s stock valued at $100,000 after buying an additional 3,816 shares in the last quarter. Pacer Advisors Inc. boosted its position in BellRing Brands by 2,125.3% in the 1st quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock valued at $9,499,000 after buying an additional 563,833 shares during the last quarter. Militia Capital Management LLC acquired a new stake in shares of BellRing Brands in the 1st quarter valued at $386,000. Carlson Capital L.P. acquired a new stake in shares of BellRing Brands in the 1st quarter valued at $660,000. Finally, Bank of America Corp DE raised its position in shares of BellRing Brands by 25.0% during the first 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 last quarter. Institutional investors own 94.97% of the company’s stock.

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.