BellRing Brands (NYSE:BRBR) Trading Down 6.2% – Time to Sell?

Shares of BellRing Brands Inc. (NYSE:BRBR) fell 6.2% during mid-day trading on Monday . The company traded as low as $12.92 and last traded at $13.0020. Approximately 290,237 shares were traded during trading, a decline of 94% from the average session volume of 4,710,814 shares. The stock had previously closed at $13.86.

Analyst Ratings Changes

BRBR has been the topic of a number of research reports. Morgan Stanley restated an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Sanford C. Bernstein cut BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $35.00 to $11.00 in a report on Wednesday, May 6th. Jefferies Financial Group decreased their target price on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. BTIG Research began coverage on BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, DA Davidson lowered their target price on BellRing Brands from $34.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Price Performance

The firm’s 50-day moving average price is $10.70 and its 200 day moving average price is $17.21. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 6.83 and a beta of 0.45.

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 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 company had revenue of $598.70 million for the quarter, compared to analyst estimates of $608.88 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that BellRing Brands Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds have recently modified their holdings of BRBR. Larson Financial Group LLC grew its holdings in shares of BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares in the last quarter. Danske Bank A S acquired a new position in shares of BellRing Brands in the third quarter valued at approximately $29,000. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the period. CI Investments Inc. lifted its stake in shares of BellRing Brands by 439.1% during the third 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 period. Finally, Caitong International Asset Management Co. Ltd boosted its position in BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after acquiring an additional 1,428 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.