BellRing Brands (NYSE:BRBR) Hits New 12-Month Low – What’s Next?

BellRing Brands Inc. (NYSE:BRBRGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.97 and last traded at $9.1870, with a volume of 2088670 shares changing hands. The stock had previously closed at $9.26.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BRBR shares. 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 report on Monday, March 16th. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Stifel Nicolaus cut 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 shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 2nd. Finally, Barclays lowered their target price on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, BellRing Brands has an average rating of “Hold” and an average price target of $22.47.

View Our Latest Report on BRBR

BellRing Brands Price Performance

The stock has a market cap of $1.05 billion, a P/E ratio of 7.01, a PEG ratio of 4.76 and a beta of 0.74. The firm’s 50-day moving average price is $15.14 and its 200-day moving average price is $22.02.

BellRing Brands (NYSE:BRBRGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. During the same period in the previous year, the firm earned $0.53 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. Sell-side analysts expect that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction on Wednesday, May 13th. The shares were bought at an average cost of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares of the company’s stock, valued at $122,998.98. The trade was a 42.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRBR. Goldman Sachs Group Inc. lifted its holdings in shares of BellRing Brands by 20.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock worth $18,868,000 after acquiring an additional 42,666 shares during the last quarter. Caxton Associates LLP bought a new position in shares of BellRing Brands during the first quarter valued at approximately $278,000. Northwestern Mutual Wealth Management Co. grew its stake 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 buying an additional 373 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of BellRing Brands by 89.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after buying an additional 755 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in BellRing Brands by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 226,101 shares of the company’s stock worth $13,098,000 after acquiring an additional 9,179 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

About BellRing Brands

(Get Free Report)

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.

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