BellRing Brands (NYSE:BRBR) Hits New 52-Week Low Following Weak Earnings

BellRing Brands Inc. (NYSE:BRBR) shares hit a new 52-week low during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings. The company traded as low as $25.40 and last traded at $25.5890, with a volume of 6107867 shares trading hands. The stock had previously closed at $26.96.

The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). The firm had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. BellRing Brands has set its FY 2026 guidance at EPS.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays lowered their price target on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial decreased their price objective on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, August 6th. Stifel Nicolaus dropped their target price on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen downgraded shares of BellRing Brands from a “buy” rating to a “hold” rating and set a $31.00 price target for the company. in a research report on Thursday. Finally, Sanford C. Bernstein began coverage on BellRing Brands in a report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price target on the stock. Eleven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus target price of $44.53.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of BRBR. Danske Bank A S purchased a new position in BellRing Brands during the third quarter worth $29,000. Advisory Services Network LLC boosted its stake in shares of BellRing Brands by 425.8% during the third quarter. Advisory Services Network LLC now owns 23,108 shares of the company’s stock valued at $840,000 after acquiring an additional 18,713 shares during the last quarter. Morningstar Investment Management LLC acquired a new stake in shares of BellRing Brands during the third quarter valued at $1,155,000. Armistice Capital LLC purchased a new stake in BellRing Brands during the 3rd quarter worth about $9,885,000. Finally, Dark Forest Capital Management LP lifted its holdings in BellRing Brands by 138.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 104,363 shares of the company’s stock valued at $3,794,000 after purchasing an additional 60,538 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Performance

The company has a market capitalization of $3.69 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.53 and a beta of 0.70. The stock’s fifty day simple moving average is $33.02 and its 200-day simple moving average is $46.65.

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.