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

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

Several other equities analysts have also commented on BRBR. BTIG Research initiated coverage on BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating for the company. Stifel Nicolaus lowered their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday. William Blair reissued an “outperform” rating on shares of BellRing Brands in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, DA Davidson reiterated a “buy” rating and set a $32.00 target price on shares of BellRing Brands in a report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $23.73.

BellRing Brands Price Performance

Shares of BRBR opened at $10.34 on Thursday. BellRing Brands has a one year low of $9.22 and a one year high of $67.00. The company has a 50-day simple moving average of $16.33 and a two-hundred day simple moving average of $23.17. The firm has a market capitalization of $1.21 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 4.76 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data 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 company had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $608.88 million. During the same quarter last year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts expect that BellRing Brands will post 1.32 EPS for the current fiscal year.

Insider Activity

In related news, Director David Isaiah Finkelstein purchased 2,000 shares of the stock in a transaction dated Friday, February 13th. The stock was purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the transaction, the director directly owned 7,391 shares in the company, valued at $131,190.25. This trade represents a 37.10% 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. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Several large investors have recently modified their holdings of BRBR. Capital Research Global Investors purchased a new position in shares of BellRing Brands in the 3rd quarter worth about $172,312,000. AQR Capital Management LLC raised its position in shares of BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of BellRing Brands in the 3rd quarter worth about $98,944,000. The Manufacturers Life Insurance Company raised its holdings in BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after acquiring an additional 2,336,029 shares during the last quarter. Finally, River Road Asset Management LLC purchased a new position in BellRing Brands in the 4th quarter worth approximately $56,465,000. Hedge funds and other institutional investors 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.