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

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

Several other research firms have also recently commented on BRBR. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Stifel Nicolaus dropped their price objective 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. JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Barclays reduced their target price on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, 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. One research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $22.47.

BellRing Brands Stock Performance

NYSE BRBR opened at $13.91 on Monday. The stock has a 50-day simple moving average of $10.60 and a 200 day simple moving average of $16.97. BellRing Brands has a twelve month low of $7.82 and a twelve month high of $59.10. The stock 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 (NYSE:BRBR) last issued its quarterly 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). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts forecast that BellRing Brands will post 1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares in the company, valued at $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BellRing Brands

Large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after buying an additional 373 shares during the period. Treasurer of the State of North Carolina grew its position in BellRing Brands by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after acquiring an additional 456 shares during the period. Tower Research Capital LLC TRC grew its position in BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock valued at $308,000 after acquiring an additional 467 shares during the period. Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 524 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in BellRing Brands by 5.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock worth $257,000 after acquiring an additional 536 shares in the last quarter. 94.97% of the stock is currently 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.