BellRing Brands (NYSE:BRBR) Sets New 12-Month Low – Here’s Why

BellRing Brands Inc. (NYSE:BRBR) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $8.05 and last traded at $8.43, with a volume of 405511 shares. The stock had previously closed at $8.77.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BRBR. Jefferies Financial Group cut their target price on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, March 16th. UBS Group cut their target price on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Bank of America cut their target price on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, BTIG Research began coverage on shares of BellRing Brands in a research note on Monday, April 13th. They set a “neutral” rating for the company. Nine analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Trading Up 6.5%

The business’s 50 day moving average price is $12.54 and its 200-day moving average price is $19.77. The company has a market cap of $978.61 million, a price-to-earnings ratio of 6.52, a PEG ratio of 3.88 and a beta of 0.56.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share 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 business had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same quarter last year, the firm earned $0.53 EPS. BellRing Brands’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts forecast that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director David Isaiah Finkelstein acquired 4,000 shares of the company’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 of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Trading of BellRing Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after purchasing an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP raised its stake in BellRing Brands by 30.5% in the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after purchasing an additional 1,575,812 shares in the last quarter. Capital Research Global Investors acquired a new stake in BellRing Brands in the 3rd quarter worth about $172,312,000. The Manufacturers Life Insurance Company raised its stake in BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after purchasing an additional 2,336,029 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in BellRing Brands by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after purchasing an additional 19,471 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.