BellRing Brands (NYSE:BRBR) Stock Rating Upgraded by Zacks Research

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

Several other equities analysts have also recently weighed in on BRBR. TD Cowen lowered their price objective on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. Stifel Nicolaus lowered their price target on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Bank of America dropped their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. UBS Group reduced their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Jefferies Financial Group reduced their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Stock Performance

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

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

Insiders Place Their Bets

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

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Capital Research Global Investors bought a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $172,312,000. AQR Capital Management LLC grew its holdings in BellRing Brands by 86.9% during the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in BellRing Brands during the third quarter valued at approximately $98,944,000. The Manufacturers Life Insurance Company raised its position in shares of 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 purchasing an additional 2,336,029 shares during the period. Finally, River Road Asset Management LLC bought a new position in shares of BellRing Brands in the fourth quarter valued at approximately $56,465,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

About BellRing Brands

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.