BellRing Brands (NYSE:BRBR) Hits New 52-Week Low – What’s Next?

Shares of BellRing Brands Inc. (NYSE:BRBR) reached a new 52-week low on Wednesday . The company traded as low as $8.53 and last traded at $8.6020, with a volume of 4256875 shares. The stock had previously closed at $8.60.

Analysts Set New Price Targets

A number of equities analysts have commented on BRBR shares. Stifel Nicolaus reduced their price objective on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a research report 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Weiss Ratings cut shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 2nd. Finally, Bank of America cut their price objective on shares of BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, April 10th. Nine research 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. According to MarketBeat.com, BellRing Brands currently has an average rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Price Performance

The stock’s 50-day moving average price is $14.17 and its 200-day moving average price is $21.12. The company has a market cap of $1.00 billion, a P/E ratio of 6.67, a PEG ratio of 4.37 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 EPS 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 was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, analysts expect that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the purchase, the director owned 13,326 shares in the company, valued at approximately $122,998.98. This represents a 42.89% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 524 shares during the period. Danske Bank A S acquired a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $35,000. IFP Advisors Inc lifted 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 during the period. Finally, CI Investments Inc. boosted its position in shares of BellRing Brands by 439.1% during the 3rd 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 and hedge funds.

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.