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

BellRing Brands (NYSE:BRBR) posted its quarterly earnings data on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03), Zacks reports. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%. BellRing Brands updated its FY 2026 guidance to EPS.

BellRing Brands Trading Down 5.1%

Shares of BRBR opened at $25.59 on Tuesday. The business’s 50 day moving average is $33.40 and its 200 day moving average is $47.14. BellRing Brands has a 12-month low of $25.40 and a 12-month high of $80.67. The company has a market capitalization of $3.22 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.70.

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

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after purchasing an additional 755 shares during the last quarter. State of Wyoming bought a new position in BellRing Brands during the second quarter valued at $146,000. Bellevue Group AG increased its position in BellRing Brands by 150.0% during the second quarter. Bellevue Group AG now owns 3,500 shares of the company’s stock valued at $203,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of BellRing Brands in the first quarter valued at $278,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. cut their price target on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. UBS Group reduced their price target on shares of BellRing Brands from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Zacks Research lowered shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of BellRing Brands in a report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price target on BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $57.56.

BellRing Brands Company Profile

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.