BellRing Brands (NYSE:BRBR) Trading Down 4.2% – Time to Sell?

BellRing Brands Inc. (NYSE:BRBR)’s stock price was down 4.2% during trading on Thursday . The stock traded as low as $10.30 and last traded at $10.3350. 61,514 shares were traded during trading, a decline of 99% from the average daily volume of 4,543,930 shares. The stock had previously closed at $10.79.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BRBR. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Stifel Nicolaus increased their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Morgan Stanley restated an “equal weight” rating and issued a $13.00 price target (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Finally, TD Cowen lifted their price target on shares of BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.82.

BellRing Brands Stock Up 4.0%

The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 6.01 and a beta of 0.45. The company has a 50 day simple moving average of $12.02 and a 200-day simple moving average of $13.39.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The business had revenue of $570.40 million for the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.55 EPS. On average, equities research analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

A number of institutional investors have recently made changes to their positions in BRBR. AQR Capital Management LLC boosted its stake in BellRing Brands by 86.9% during the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after buying an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP raised its position in BellRing Brands by 30.5% in the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after acquiring an additional 1,575,812 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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. Wellington Management Group LLP lifted its position in shares of BellRing Brands by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after acquiring an additional 19,471 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of BellRing Brands during the second quarter valued at $42,868,000. 94.97% of the stock is owned by institutional investors and hedge funds.

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.