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

BellRing Brands Inc. (NYSE:BRBR) shares hit a new 52-week low during trading on Monday . The stock traded as low as $21.67 and last traded at $23.3690, with a volume of 511115 shares. The stock had previously closed at $24.82.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several research reports. Stifel Nicolaus dropped their target price on BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. TD Cowen dropped their price objective on shares of BellRing Brands from $31.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday. Barclays cut their target price on shares of BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, November 19th. Bank of America increased their price target on shares of BellRing Brands from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Eleven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus target price of $43.75.

BellRing Brands Price Performance

The firm has a 50-day moving average of $29.00 and a 200-day moving average of $37.92. The stock has a market cap of $2.77 billion, a PE ratio of 13.83, a PEG ratio of 3.40 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The business had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,970 shares of the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the completion of the transaction, the insider directly owned 54,812 shares of the company’s stock, valued at approximately $1,695,335.16. This trade represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. Maseco LLP bought a new stake in shares of BellRing Brands in the second quarter worth about $25,000. Farther Finance Advisors LLC grew its holdings in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after buying an additional 419 shares in the last quarter. Danske Bank A S purchased a new position in BellRing Brands during the 3rd quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in BellRing Brands in the 3rd quarter worth approximately $35,000. Finally, IFP Advisors Inc raised its holdings in shares of BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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.