BellRing Brands (NYSE:BRBR) Trading Down 5.6% – Here’s Why

BellRing Brands Inc. (NYSE:BRBR) shares were down 5.6% on Monday . The stock traded as low as $24.72 and last traded at $24.6420. Approximately 837,004 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 1,484,242 shares. The stock had previously closed at $26.09.

Wall Street Analyst Weigh In

BRBR has been the topic of several analyst reports. Morgan Stanley decreased their price objective on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, November 19th. JPMorgan Chase & Co. reduced their target price on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Mizuho decreased their price target on BellRing Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Cowen cut BellRing Brands from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Finally, TD Cowen reiterated a “hold” rating and set a $31.00 price objective (down from $37.00) on shares of BellRing Brands in a report on Thursday, November 20th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

BellRing Brands Price Performance

The firm’s 50-day moving average price is $29.69 and its 200-day moving average price is $39.17. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 3.49 and a beta of 0.65.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The business had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. During the same period last year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

Insider Activity

In related news, insider Douglas J. Cornille sold 3,970 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the sale, the insider directly owned 54,812 shares in the company, valued at approximately $1,695,335.16. This trade represents a 6.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of BellRing Brands

Large investors have recently bought and sold shares of the company. Maseco LLP acquired a new position in shares of BellRing Brands during the second quarter worth $25,000. Farther Finance Advisors LLC increased its stake in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after buying an additional 419 shares during the period. Danske Bank A S acquired a new position in BellRing Brands in the 3rd quarter worth $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in BellRing Brands in the 3rd quarter worth $35,000. Finally, IFP Advisors Inc boosted its position in BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.