BellRing Brands (NYSE:BRBR) Trading Down 4.9% – Time to Sell?

BellRing Brands Inc. (NYSE:BRBR) shares traded down 4.9% during mid-day trading on Friday . The company traded as low as $40.61 and last traded at $40.58. 1,016,835 shares were traded during trading, a decline of 54% from the average session volume of 2,196,855 shares. The stock had previously closed at $42.68.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lowered their price objective on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. DA Davidson upgraded BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Tuesday, May 27th. JPMorgan Chase & Co. assumed coverage on BellRing Brands in a research report on Wednesday, August 20th. They set an “overweight” rating and a $52.00 price objective on the stock. UBS Group lowered their price objective on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock 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 on the stock in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.80.

BellRing Brands Trading Down 7.6%

The company has a 50 day moving average of $48.50 and a 200 day moving average of $61.33. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.92 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. The company had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has approved a share repurchase program on Tuesday, September 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other BellRing Brands news, insider Craig L. Rosenthal acquired 2,600 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The shares were bought at an average price of $37.29 per share, with a total value of $96,954.00. Following the completion of the purchase, the insider owned 33,475 shares in the company, valued at $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 11,200 shares valued at $638,640. Insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BRBR. William Blair Investment Management LLC bought a new stake in shares of BellRing Brands during the second quarter worth $124,777,000. Axiom Investors LLC DE raised its position in shares of BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after acquiring an additional 1,814,811 shares during the last quarter. Holocene Advisors LP raised its position in shares of BellRing Brands by 50.7% during the second quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock worth $227,572,000 after acquiring an additional 1,320,849 shares during the last quarter. Junto Capital Management LP bought a new stake in shares of BellRing Brands during the first quarter worth $97,725,000. Finally, Norges Bank bought a new stake in shares of BellRing Brands during the second quarter worth $66,057,000. 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.