BellRing Brands (NYSE:BRBR) Rating Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of BellRing Brands (NYSE:BRBRGet Rating) from a hold rating to a strong sell rating in a research report released on Tuesday, Zacks.com reports.

According to Zacks, “BellRing Brands, Inc. manufactures and sells nutrition products. The company offers protein shakes, other RTD beverages, powders and nutrition bars and supplements. It offers products under the Premier Protein, Dymatize and PowerBar, as well as Joint Juice and Supreme Protein brands. BellRing Brands, Inc. is based in St. Louis, Missouri. “

Several other research analysts also recently weighed in on BRBR. BMO Capital Markets boosted their target price on shares of BellRing Brands from $33.00 to $36.00 and gave the company an outperform rating in a research note on Friday, March 11th. Mizuho decreased their price target on BellRing Brands from $33.00 to $30.00 in a report on Tuesday. Credit Suisse Group decreased their price target on BellRing Brands from $28.00 to $26.00 and set a neutral rating for the company in a report on Wednesday, March 16th. Morgan Stanley cut their target price on BellRing Brands from $32.00 to $29.00 and set an overweight rating on the stock in a research report on Tuesday, April 26th. Finally, The Goldman Sachs Group dropped their price target on BellRing Brands from $43.00 to $37.00 and set a buy rating on the stock in a research report on Wednesday, March 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, BellRing Brands has an average rating of Buy and a consensus target price of $31.00.

NYSE:BRBR opened at $21.58 on Tuesday. The firm’s fifty day moving average price is $24.33 and its 200 day moving average price is $25.10. BellRing Brands has a 1-year low of $20.36 and a 1-year high of $34.19. The firm has a market cap of $839.20 million, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94.

BellRing Brands (NYSE:BRBRGet Rating) last released its earnings results on Thursday, February 3rd. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $306.50 million during the quarter, compared to the consensus estimate of $301.26 million. BellRing Brands had a negative return on equity of 1.30% and a net margin of 2.20%. During the same quarter last year, the company earned $0.23 earnings per share. As a group, equities research analysts anticipate that BellRing Brands will post 1.07 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. acquired a new position in BellRing Brands in the first quarter valued at about $37,000. CWM LLC bought a new stake in BellRing Brands in the first quarter valued at approximately $37,000. O Shaughnessy Asset Management LLC bought a new stake in BellRing Brands in the third quarter valued at approximately $73,000. Allspring Global Investments Holdings LLC acquired a new position in shares of BellRing Brands in the fourth quarter valued at approximately $103,000. Finally, Whittier Trust Co. acquired a new position in shares of BellRing Brands in the first quarter valued at approximately $108,000.

About BellRing Brands (Get Rating)

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.

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Analyst Recommendations for BellRing Brands (NYSE:BRBR)

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