BellRing Brands (NYSE:BRBR) Rating Lowered to “Strong Sell” at Zacks Research

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

BRBR has been the topic of a number of other research reports. Stephens reiterated an “overweight” rating and issued a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a research note on Tuesday, October 6th. DA Davidson boosted their target price on BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen decreased their target price on BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, BNP Paribas Exane began coverage on BellRing Brands in a research note on Friday, October 9th. They issued an “outperform” rating and a $12.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $18.83.

BellRing Brands Price Performance

NYSE BRBR opened at $8.97 on Wednesday. BellRing Brands has a 1 year low of $7.33 and a 1 year high of $34.88. The stock has a market capitalization of $1.04 billion, a PE ratio of 6.32, a P/E/G ratio of 4.02 and a beta of 0.43. The company’s 50 day simple moving average is $9.46 and its two-hundred day simple moving average is $11.27.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 earnings per share. On average, research analysts anticipate that BellRing Brands will post 1.03 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in BellRing Brands by 42.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,265,443 shares of the company’s stock worth $9,731,000 after acquiring an additional 378,466 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in BellRing Brands during the third quarter valued at about $39,000. Everhart Financial Group Inc. purchased a new position in shares of BellRing Brands in the 3rd quarter worth about $79,000. Versant Capital Management Inc boosted its holdings in shares of BellRing Brands by 336.0% in the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock worth $36,000 after purchasing an additional 3,578 shares in the last quarter. Finally, Cim Investment Management Inc. purchased a new position in shares of BellRing Brands in the 2nd quarter worth about $137,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing’s principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.