BellRing Brands (NYSE:BRBR) Shares Down 5.7% – Here’s Why

BellRing Brands Inc. (NYSE:BRBR)’s stock price fell 5.7% during trading on Tuesday . The company traded as low as $12.01 and last traded at $12.02. Approximately 1,106,329 shares were traded during trading, a decline of 77% from the average daily volume of 4,748,376 shares. The stock had previously closed at $12.75.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BRBR. Morgan Stanley reiterated an “equal weight” rating and issued a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. Bank of America lowered their target price on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, April 10th. Barclays dropped their price target on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. DA Davidson upgraded BellRing Brands to a “strong-buy” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. reduced their price target on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BellRing Brands currently has a consensus rating of “Hold” and an average target price of $20.47.

BellRing Brands Price Performance

The firm has a market cap of $1.41 billion, a P/E ratio of 9.37, a PEG ratio of 5.95 and a beta of 0.45. The company’s 50-day moving average is $10.28 and its two-hundred day moving average is $16.25.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period in the prior year, the business earned $0.53 earnings per share. BellRing Brands’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect that BellRing Brands Inc. will post 1.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of BellRing Brands stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.23 per share, with a total value of $36,920.00. Following the acquisition, the director owned 13,326 shares in the company, valued at $122,998.98. This trade represents a 42.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in BellRing Brands by 86.9% in the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after buying an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP raised its stake in BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after acquiring an additional 1,575,812 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in BellRing Brands by 156.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after acquiring an additional 2,336,029 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of BellRing Brands by 0.5% in the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after acquiring an additional 19,471 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in shares of BellRing Brands by 0.6% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,739,160 shares of the company’s stock worth $73,218,000 after acquiring an additional 17,174 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Company Profile

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.