BellRing Brands (NYSE:BRBR) Shares Gap Down Following Weak Earnings

BellRing Brands Inc. (NYSE:BRBR)’s share price gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $12.95, but opened at $10.55. BellRing Brands shares last traded at $12.1670, with a volume of 1,730,392 shares traded.

The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities analysts have commented on BRBR shares. Stephens restated an “overweight” rating and issued a $20.00 price target on shares of BellRing Brands in a research report on Thursday, July 9th. UBS Group raised their price objective on shares of BellRing Brands from $12.00 to $13.50 and gave the stock a “neutral” rating in a report on Thursday, July 16th. 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. Weiss Ratings reissued a “sell (d)” rating on shares of BellRing Brands in a report on Friday, July 10th. Finally, Barclays increased their price target on BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.97.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was acquired at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the acquisition, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. This trade represents a 42.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of BellRing Brands in the 3rd quarter valued at $29,000. Larson Financial Group LLC lifted its stake in shares of 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 acquiring an additional 524 shares during the period. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after acquiring an additional 573 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in 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 last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Stock Down 7.2%

The firm has a fifty day moving average of $11.16 and a 200-day moving average of $15.09. The firm has a market cap of $1.40 billion, a P/E ratio of 9.32, a PEG ratio of 6.02 and a beta of 0.45.

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.