BellRing Brands (NYSE:BRBR) Reaches New 12-Month Low – Time to Sell?

BellRing Brands Inc. (NYSE:BRBR) shares hit a new 52-week low on Wednesday . The company traded as low as $9.13 and last traded at $9.4220, with a volume of 358121 shares trading hands. The stock had previously closed at $9.48.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BRBR. Jefferies Financial Group reduced their price target on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a research report on Monday, March 16th. BTIG Research began coverage on shares of BellRing Brands in a research note on Monday, April 13th. They set a “neutral” rating for the company. Weiss Ratings cut shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 2nd. Stifel Nicolaus reduced their target price on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.73.

BellRing Brands Price Performance

The company’s 50 day moving average is $15.81 and its 200 day moving average is $22.67. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 4.61 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. 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 business earned $0.53 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Sell-side analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current year.

Insider Activity at BellRing Brands

In related news, Director David Isaiah Finkelstein acquired 2,000 shares of BellRing Brands stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the completion of the purchase, the director directly owned 7,391 shares of the company’s stock, valued at approximately $131,190.25. This trade represents a 37.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of BellRing Brands by 42.6% during 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 in the last quarter. Farther Finance Advisors LLC raised its stake in shares of BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after purchasing an additional 456 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of BellRing Brands by 9.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock valued at $308,000 after purchasing an additional 467 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares in 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.