Stifel Nicolaus Issues Pessimistic Forecast for BellRing Brands (NYSE:BRBR) Stock Price

Key Points

• Stifel Nicolaus has lowered its price target for BellRing Brands from $66.00 to $56.00, indicating a potential upside of 70.87% despite the downgrade.
• Several other firms, including Barclays and Mizuho, have also reduced their price targets, with Barclays setting a target of $50.00 and Mizuho at $45.00.
• BellRing Brands is currently experiencing a decline in share price, trading down 1.8% to $32.77, with a market capitalization of $4.13 billion.

BellRing Brands (NYSE:BRBR - Get Free Report) had its price objective decreased by Stifel Nicolaus from $66.00 to $56.00 in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price points to a potential upside of 70.87% from the company's current price.

A number of other research firms have also recently commented on BRBR. Barclays reduced their price target on BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Sanford C. Bernstein initiated coverage on BellRing Brands in a report on Thursday. They set an "outperform" rating and a $46.00 price target for the company. Mizuho reduced their price target on BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a report on Monday, August 18th. UBS Group reduced their price target on BellRing Brands from $40.00 to $39.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Finally, Evercore ISI reduced their price objective on BellRing Brands from $82.00 to $64.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Fourteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $61.56.

BellRing Brands Trading Down 1.8%

Shares of NYSE BRBR traded down $0.62 during mid-day trading on Friday, hitting $32.77. The company had a trading volume of 271,737 shares, compared to its average volume of 2,288,482. The company has a market capitalization of $4.13 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.63 and a beta of 0.75. The firm has a 50-day simple moving average of $37.04 and a two-hundred day simple moving average of $53.00. BellRing Brands has a one year low of $32.00 and a one year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, February 28th. The company reported $0.22 earnings per share for the quarter. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company had revenue of $282.40 million during the quarter. Sell-side analysts expect that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its Board of Directors has initiated a share repurchase program on Tuesday, September 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to buy up to 7.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity at BellRing Brands

In related news, insider Craig L. Rosenthal purchased 2,600 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the purchase, the insider owned 33,475 shares in the company, valued at approximately $1,248,282.75. This represents a 8.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the sale, the chief executive officer 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 6,616 shares of company stock worth $65,995,248. Company insiders own 1.07% of the company's stock.

Institutional Investors Weigh In On BellRing Brands

Institutional investors have recently made changes to their positions in the stock. TCTC Holdings LLC boosted its stake in shares of BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock valued at $30,000 after buying an additional 190 shares during the period. Maseco LLP acquired a new position in BellRing Brands during the second quarter valued at approximately $25,000. First Horizon Advisors Inc. raised its position in BellRing Brands by 283.3% during the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after purchasing an additional 340 shares in the last quarter. Smartleaf Asset Management LLC raised its position in BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock valued at $38,000 after purchasing an additional 310 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company's stock valued at $51,000 after purchasing an additional 665 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

About BellRing Brands

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.

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