BellRing Brands (NYSE:BRBR) Stock Rating Upgraded by Zacks Research

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

Several other research analysts have also recently weighed in on BRBR. DA Davidson upped 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. 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 target price for the company. UBS Group set a $9.50 price target on shares of BellRing Brands in a research note on Thursday, October 15th. Barclays decreased their price target on shares of BellRing Brands from $14.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a research report on Tuesday, October 6th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $18.57.

BellRing Brands Trading Up 3.3%

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Empowered Funds LLC boosted its holdings in BellRing Brands by 1,388.1% during the 3rd quarter. Empowered Funds LLC now owns 218,866 shares of the company’s stock valued at $1,683,000 after acquiring an additional 204,158 shares during the period. Caxton Associates LLP purchased a new position in shares of BellRing Brands in the third quarter worth $459,000. Polymer Capital Management US LLC purchased a new position in shares of BellRing Brands in the third quarter worth $186,000. Edgestream Partners L.P. bought a new stake in BellRing Brands during the 3rd quarter valued at $8,100,000. Finally, Royce & Associates LP raised its holdings in BellRing Brands by 36.4% during the 3rd quarter. Royce & Associates LP now owns 17,486 shares of the company’s stock valued at $134,000 after buying an additional 4,664 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

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.