BellRing Brands (NYSE:BRBR) Stock Price Down 6.2% – Time to Sell?

BellRing Brands Inc. (NYSE:BRBR)’s share price traded down 6.2% during trading on Monday . The stock traded as low as $12.92 and last traded at $13.0020. Approximately 290,237 shares were traded during trading, a decline of 94% from the average session volume of 4,710,814 shares. The stock had previously closed at $13.86.

Analysts Set New Price Targets

Several brokerages recently issued reports on BRBR. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Jefferies Financial Group dropped their target price on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Stifel Nicolaus cut their price target 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. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $35.00 to $11.00 in a research note on Wednesday, May 6th. Finally, DA Davidson raised shares of BellRing Brands to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, BellRing Brands currently has an average rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Trading Up 3.4%

The stock has a fifty day moving average price of $10.60 and a 200 day moving average price of $16.97. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 6.63 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last posted its earnings results 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 company 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 posted $0.53 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, sell-side analysts forecast that BellRing Brands Inc. will post 1.22 EPS for the current year.

Insider Activity

In other news, Director David Isaiah Finkelstein bought 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the purchase, the director owned 13,326 shares of the company’s stock, valued at $122,998.98. This represents a 42.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors have recently made changes to their positions in BRBR. Goldman Sachs Group Inc. grew its holdings in BellRing Brands by 20.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock valued at $18,868,000 after buying an additional 42,666 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of BellRing Brands during the first quarter worth approximately $278,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after acquiring an additional 373 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of BellRing Brands by 89.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock valued at $92,000 after acquiring an additional 755 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of BellRing Brands by 4.2% in the second 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 during the last quarter. 94.97% of the stock is currently owned by institutional investors.

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.