BellRing Brands (NYSE:BRBR) Trading Down 7% – Should You Sell?

BellRing Brands Inc. (NYSE:BRBR) was down 7% on Tuesday . The company traded as low as $30.71 and last traded at $30.4830. Approximately 1,665,521 shares changed hands during trading, a decline of 35% from the average daily volume of 2,559,127 shares. The stock had previously closed at $32.78.

Analyst Ratings Changes

Several equities research analysts have weighed in on BRBR shares. Stifel Nicolaus lowered their target price on BellRing Brands from $56.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Cowen lowered shares of BellRing Brands from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Mizuho dropped their price objective on shares of BellRing Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 24th. Evercore ISI reduced their price objective on shares of BellRing Brands from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BellRing Brands in a report on Monday, December 8th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $43.75.

BellRing Brands Trading Down 7.2%

The stock has a market cap of $3.64 billion, a PE ratio of 18.10, a P/E/G ratio of 4.27 and a beta of 0.67. The business’s 50-day moving average price is $31.13 and its 200-day moving average price is $42.39.

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

BellRing Brands announced that its Board of Directors has approved a stock repurchase plan on Tuesday, September 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,970 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the transaction, the insider directly owned 54,812 shares in the company, valued at $1,695,335.16. The trade was a 6.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.07% of the stock is owned by insiders.

Institutional Investors Weigh In On BellRing Brands

Institutional investors have recently added to or reduced their stakes in the business. Mirabella Financial Services LLP acquired a new position in shares of BellRing Brands during the third quarter valued at about $226,000. Allworth Financial LP grew its position in BellRing Brands by 96.0% during the 3rd quarter. Allworth Financial LP now owns 2,307 shares of the company’s stock worth $84,000 after purchasing an additional 1,130 shares during the last quarter. IFP Advisors Inc grew its position in BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after purchasing an additional 573 shares during the last quarter. Swiss Life Asset Management Ltd acquired a new position in BellRing Brands during the 3rd quarter valued at approximately $216,000. Finally, Danske Bank A S purchased a new position in shares of BellRing Brands in the third quarter worth $29,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.