BellRing Brands (NYSE:BRBR) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of BellRing Brands (NYSE:BRBR) from a hold rating to a strong sell rating in a report issued on Wednesday,Zacks reports.

Several other research analysts also recently weighed in on BRBR. BNP Paribas Exane initiated coverage on BellRing Brands in a report on Friday, October 9th. They issued an “outperform” rating and a $12.00 price target for the company. TD Cowen reduced their price target on BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. UBS Group set a $9.50 price objective on BellRing Brands in a report on Thursday. Finally, Stifel Nicolaus lifted their price objective on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, BellRing Brands presently has an average rating of “Hold” and a consensus target price of $18.83.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $8.97 on Wednesday. The company has a 50-day simple moving average of $9.46 and a 200-day simple moving average of $11.27. The company has a market cap of $1.04 billion, a PE ratio of 6.32, a price-to-earnings-growth ratio of 4.02 and a beta of 0.43. BellRing Brands has a 12 month low of $7.33 and a 12 month high of $34.88.

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

Institutional Inflows and Outflows

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

About BellRing Brands

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.