BellRing Brands (NYSE:BRBR) Downgraded to Strong Sell Rating by Zacks Research

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

A number of other brokerages also recently commented on BRBR. Mizuho lowered their price objective on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, August 18th. Jefferies Financial Group lifted their price objective on BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. UBS Group lowered their price objective on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Truist Financial lowered their price objective on BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Finally, Morgan Stanley lowered their price objective on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.80.

BellRing Brands Stock Performance

BellRing Brands stock opened at $35.87 on Wednesday. The stock has a fifty day moving average of $40.67 and a two-hundred day moving average of $56.99. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.68 and a beta of 0.75. BellRing Brands has a fifty-two week low of $34.02 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.BellRing Brands’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts forecast that BellRing Brands will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has initiated a share buyback plan on Tuesday, September 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other news, Director Shawn Conway purchased 1,316 shares of the stock in a transaction on Thursday, August 14th. The stock was purchased at an average price of $49,999.99 per share, with a total value of $65,799,986.84. Following the completion of the transaction, the director owned 8,001 shares in the company, valued at approximately $400,049,919.99. The trade was a 19.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the sale, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. 1.07% of the stock is owned by company insiders.

Institutional Investors Weigh In On BellRing Brands

Institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after acquiring an additional 366 shares during the period. TCTC Holdings LLC lifted its stake in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after purchasing an additional 190 shares in the last quarter. Maseco LLP acquired a new position in shares of BellRing Brands during the second quarter worth about $25,000. First Horizon Advisors Inc. lifted its stake in shares of BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock worth $34,000 after purchasing an additional 340 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after purchasing an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.