BellRing Brands (NYSE:BRBR) Upgraded at Zacks Research

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

A number of other equities analysts have also issued reports on the company. BNP Paribas Exane started coverage on BellRing Brands in a report on Friday, October 9th. They set an “outperform” rating and a $12.00 price target on the stock. Barclays dropped their price target on BellRing Brands from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday, October 6th. TD Cowen decreased 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, JPMorgan Chase & Co. lowered their price objective on shares of BellRing Brands from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 27th. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.57.

BellRing Brands Stock Performance

NYSE BRBR traded up $0.34 during trading on Thursday, reaching $10.58. The company’s stock had a trading volume of 4,665,716 shares, compared to its average volume of 3,587,276. The business’s fifty day moving average price is $9.00 and its 200-day moving average price is $12.60. BellRing Brands has a twelve month low of $7.33 and a twelve month high of $33.56. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 4.86 and a beta of 0.47.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently added to or reduced their stakes in BRBR. Versant Capital Management Inc increased its position in BellRing Brands by 336.0% during the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock worth $36,000 after purchasing an additional 3,578 shares during the period. State of Alaska Department of Revenue acquired a new position in BellRing Brands during the third quarter worth $39,000. IFP Advisors Inc raised its position in BellRing Brands by 279.4% in the second quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock worth $51,000 after acquiring an additional 2,914 shares in the last quarter. State of Wyoming purchased a new position in BellRing Brands in the third quarter worth $51,000. Finally, Parallel Advisors LLC raised its position in BellRing Brands by 52.2% in the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after acquiring an additional 1,109 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

About BellRing Brands

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.