BellRing Brands (NYSE:BRBR) Hits New 1-Year Low – Should You Sell?

BellRing Brands Inc. (NYSE:BRBR) reached a new 52-week low on Wednesday . The stock traded as low as $8.53 and last traded at $8.6020, with a volume of 4256875 shares. The stock had previously closed at $8.60.

Analysts Set New Price Targets

BRBR has been the subject of a number of research analyst reports. DA Davidson lowered their price target on BellRing Brands from $34.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 15th. Stifel Nicolaus decreased their target price on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. TD Cowen lowered their target price on BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. BTIG Research assumed coverage on shares of BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, William Blair restated an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.47.

BellRing Brands Stock Up 0.0%

The firm’s 50 day moving average is $14.17 and its two-hundred day moving average is $21.12. The company has a market cap of $1.00 billion, a P/E ratio of 6.67, a PEG ratio of 4.37 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The company had revenue of $598.70 million for the quarter, compared to the consensus estimate of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.BellRing Brands’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, research analysts forecast that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein acquired 4,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $9.23 per share, with a total value of $36,920.00. Following the transaction, the director owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Trading of BellRing Brands

Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC increased its stake in BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares in the last quarter. Danske Bank A S purchased a new stake in shares of BellRing Brands in the third quarter worth approximately $29,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in BellRing Brands in the 3rd quarter valued at $35,000. IFP Advisors Inc raised its holdings in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares during the last quarter. Finally, CI Investments Inc. increased its stake in BellRing Brands by 439.1% in the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after buying an additional 944 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.