BellRing Brands (NYSE:BRBR) Sets New 52-Week Low – Here’s Why

BellRing Brands Inc. (NYSE:BRBR) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.13 and last traded at $9.4220, with a volume of 358121 shares changing hands. The stock had previously closed at $9.48.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Barclays decreased their price objective on BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus lowered their price objective on BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings cut BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. Finally, DA Davidson reiterated a “buy” rating and set a $32.00 price target on shares of BellRing Brands in a report on Wednesday, February 4th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.73.

BellRing Brands Stock Performance

The firm has a market capitalization of $1.06 billion, a P/E ratio of 7.07, a PEG ratio of 4.54 and a beta of 0.74. The stock has a 50 day moving average of $15.46 and a 200-day moving average of $22.34.

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

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein bought 4,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the purchase, the director directly owned 13,326 shares in the company, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares during the period. Danske Bank A S purchased a new stake in shares of BellRing Brands during the 3rd quarter valued at $29,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of BellRing Brands during the 3rd quarter worth $35,000. IFP Advisors Inc grew its position in BellRing Brands by 124.3% in the third 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. Finally, CI Investments Inc. grew its position in BellRing Brands by 439.1% in the third quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock worth $42,000 after acquiring an additional 944 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

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.