Weiss Ratings Reiterates Hold (C) Rating for BellRing Brands (NYSE:BRBR)

Key Points

• Weiss Ratings has reiterated a "hold (C)" rating for BellRing Brands (NYSE:BRBR), indicating a cautious stance on the stock following various analyst reports.
• The company's stock has recently declined by 1.0%, trading at $33.05, down from a 52-week high of $80.67.
• BellRing Brands approved a $400 million stock buyback program, signaling that the company's board believes its shares are undervalued.

BellRing Brands (NYSE:BRBR - Get Free Report)'s stock had its "hold (c)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Several other analysts have also issued reports on BRBR. UBS Group cut their price objective on BellRing Brands from $40.00 to $39.00 and set a "neutral" rating for the company in a report on Wednesday, October 8th. Sanford C. Bernstein started coverage on BellRing Brands in a report on Thursday. They set an "outperform" rating and a $46.00 price objective for the company. Zacks Research lowered BellRing Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 1st. Jefferies Financial Group increased their price objective on BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Stephens upgraded BellRing Brands from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $68.00 to $50.00 in a report on Wednesday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $61.56.

BellRing Brands Stock Down 1.0%

Shares of BRBR traded down $0.34 during mid-day trading on Friday, reaching $33.05. The company's stock had a trading volume of 2,391,534 shares, compared to its average volume of 2,299,451. The business has a fifty day moving average of $37.04 and a 200 day moving average of $53.00. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.63 and a beta of 0.75. BellRing Brands has a 1 year low of $32.00 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, February 28th. The company reported $0.22 earnings per share (EPS) 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. On average, analysts predict that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has approved a stock buyback program on Tuesday, September 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other BellRing Brands news, Director Shawn Conway bought 2,700 shares of the stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the transaction, the director directly owned 6,685 shares of the company's stock, valued at $243,400.85. This represents a 67.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig L. Rosenthal bought 2,600 shares of the stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the transaction, the insider directly owned 33,475 shares of the company's stock, valued at approximately $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 6,616 shares of company stock valued at $65,995,248 over the last three months. 1.07% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BellRing Brands

Hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of BellRing Brands in the first quarter valued at about $280,000. GAMMA Investing LLC grew its position in shares of BellRing Brands by 12.2% in the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock valued at $172,000 after purchasing an additional 252 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of BellRing Brands by 0.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock valued at $5,365,000 after purchasing an additional 438 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of BellRing Brands by 71.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock valued at $661,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of BellRing Brands by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock valued at $1,384,000 after purchasing an additional 4,461 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.

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