BellRing Brands (NYSE:BRBR) Stock Moved Up to “Hold” by Zacks Research

Zacks Research upgraded shares of BellRing Brands (NYSE:BRBR) from a strong sell rating to a hold rating in a research note published on Thursday morning,Zacks reports.

Several other equities research analysts have also issued reports on the stock. DA Davidson increased their price objective on shares of BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of BellRing Brands from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday, October 27th. BNP Paribas Exane assumed coverage on shares of BellRing Brands in a research report on Friday, October 9th. They set an “outperform” rating and a $12.00 price target for the company. TD Cowen lowered their price target on BellRing Brands from $12.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 13th. Finally, UBS Group set a $9.50 price objective on BellRing Brands in a research report on Thursday, October 15th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.57.

BellRing Brands Stock Performance

Shares of NYSE:BRBR traded up $0.34 during trading on Thursday, reaching $10.58. 4,665,716 shares of the stock were exchanged, compared to its average volume of 3,587,276. The firm’s 50-day moving average price is $9.00 and its 200 day moving average price is $12.60. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 4.86 and a beta of 0.47. BellRing Brands has a 12-month low of $7.33 and a 12-month high of $33.56.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in BellRing Brands by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock valued at $52,000 after purchasing an additional 1,109 shares in the last quarter. IFP Advisors Inc increased its stake in BellRing Brands by 279.4% during the 2nd quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock worth $51,000 after buying an additional 2,914 shares during the period. EverSource Wealth Advisors LLC increased its stake in BellRing Brands by 67.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company’s stock worth $72,000 after buying an additional 1,809 shares during the period. Versant Capital Management Inc lifted its holdings in 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 buying an additional 3,578 shares in the last quarter. Finally, Nykredit A S acquired a new position in BellRing Brands in the 2nd quarter worth $65,000. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Company Profile

BellRing Brands, Inc. is a consumer nutrition company focused on convenient, protein-rich products. Its portfolio includes Premier Protein, which offers ready-to-drink shakes, powders and nutrition bars, and Dymatize, which makes sports nutrition products such as protein powders and supplements. The company sells its products primarily in the United States and also serves consumers in international markets. Its products are available through a range of retail and online channels. BellRing became an independent publicly traded company in 2019 after its separation from Post Holdings.