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

BellRing Brands Inc. (NYSE:BRBR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $8.97 and last traded at $9.1870, with a volume of 2088670 shares changing hands. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Morgan Stanley restated an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research note on Wednesday, May 6th. William Blair reiterated an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. DA Davidson dropped their price target on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus dropped their price target on BellRing Brands from $34.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.47.

BellRing Brands Stock Performance

The company has a 50 day moving average of $15.14 and a two-hundred day moving average of $22.02. The stock has a market cap of $1.05 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 4.76 and a beta of 0.74.

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

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the acquisition, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. This represents a 42.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Large investors have recently modified their holdings of the business. AQR Capital Management LLC lifted its stake in BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after purchasing an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP grew its position in shares of BellRing Brands by 30.5% in the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock valued at $245,363,000 after purchasing an additional 1,575,812 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of BellRing Brands in the third quarter valued at approximately $172,312,000. The Manufacturers Life Insurance Company grew its position in shares of BellRing Brands by 156.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after purchasing an additional 2,336,029 shares in the last quarter. Finally, Wellington Management Group LLP grew its position 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 valued at $134,187,000 after purchasing an additional 19,471 shares in the last quarter. Hedge funds and other institutional investors 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.