BellRing Brands (NYSE:BRBR) Posts Earnings Results, Misses Expectations By $0.03 EPS

BellRing Brands (NYSE:BRBR) posted its earnings results on Tuesday. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03), Zacks reports. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. During the same period last year, the firm earned $0.51 earnings per share. BellRing Brands’s revenue for the quarter was up 16.6% compared to the same quarter last year. BellRing Brands updated its FY 2026 guidance to EPS.

BellRing Brands Trading Down 5.1%

Shares of BellRing Brands stock opened at $25.59 on Tuesday. BellRing Brands has a twelve month low of $25.40 and a twelve month high of $80.67. The firm has a market capitalization of $3.22 billion, a PE ratio of 14.62, a P/E/G ratio of 1.57 and a beta of 0.70. The firm’s 50-day moving average price is $33.40 and its 200 day moving average price is $47.14.

BellRing Brands declared that its board has authorized a stock repurchase program on Tuesday, September 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morningstar Investment Management LLC acquired a new stake in shares of BellRing Brands in the third quarter worth approximately $1,155,000. Armistice Capital LLC purchased a new position in BellRing Brands in the 3rd quarter valued at $9,885,000. Dark Forest Capital Management LP boosted its stake in BellRing Brands by 138.1% during the 3rd quarter. Dark Forest Capital Management LP now owns 104,363 shares of the company’s stock worth $3,794,000 after purchasing an additional 60,538 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in BellRing Brands during the 3rd quarter worth $98,944,000. Finally, Voleon Capital Management LP purchased a new stake in shares of BellRing Brands during the third quarter worth $3,036,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BRBR. Mizuho dropped their price target on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. UBS Group dropped their target price on BellRing Brands from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. TD Cowen cut their price target on BellRing Brands from $45.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group raised their price objective on BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Fourteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.56.

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.