BellRing Brands (NYSE:BRBR) Hits New 52-Week Low – Should You Sell?

BellRing Brands Inc. (NYSE:BRBR) shares reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $7.49 and last traded at $7.7350, with a volume of 3136794 shares changing hands. The stock had previously closed at $7.74.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. UBS Group increased their price objective on BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. TD Cowen raised their price objective on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. DA Davidson lifted their target price on BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.82.

BellRing Brands Stock Performance

The business’s 50 day simple moving average is $10.40 and its 200-day simple moving average is $11.88. The company has a market cap of $859.89 million, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 4.51 and a beta of 0.44.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The company had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. During the same period last year, the company posted $0.55 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Research analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cim Investment Management Inc. acquired a new stake in shares of BellRing Brands during the 2nd quarter valued at about $137,000. Sequoia Financial Advisors LLC acquired a new position in BellRing Brands in the second quarter worth approximately $148,000. WINTON GROUP Ltd acquired a new position in BellRing Brands in the second quarter worth approximately $142,000. Steamboat Capital Partners LLC bought a new position in BellRing Brands during the second quarter valued at approximately $5,118,000. Finally, IFP Advisors Inc raised its position in BellRing Brands by 279.4% during the second quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock valued at $51,000 after acquiring an additional 2,914 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products, particularly those designed to provide protein and support active lifestyles. Its portfolio is anchored by Premier Protein and Dymatize, which serve consumers through ready-to-drink shakes, protein powders, bars and related nutritional products.

Premier Protein offers protein shakes, powders and bars sold through grocery stores, mass retailers, club stores, drugstores, e-commerce platforms and other channels.