BellRing Brands (NYSE:BRBR) Announces Quarterly Earnings Results

BellRing Brands (NYSE:BRBR) released its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.17), FiscalAI reports. The business had revenue of $598.70 million during the quarter, compared to the consensus estimate of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. BellRing Brands’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS.

Here are the key takeaways from BellRing Brands’ conference call:

• BellRing reported Q2 results below expectations — net sales rose 2% but adjusted EBITDA margin was 9% (400 bps below guide), driven by an $11 million inventory-related charge, unfavorable RTD price mix, and higher-than-expected freight costs.
• Management trimmed FY26 guidance to flat to +2% net sales ($2.325B–$2.365B) and adjusted EBITDA of $315M–$335M (~14% margin, ~14.5% excluding the Q2 charge), and now expects Q3 net sales down ~1%.
• The company is maintaining investment to defend share — ~4% of sales in advertising — and plans to repeat a successful mass promotion in Q4 while launching two Q4 innovations (Premier Protein Ultimate, 42g, and Premier Protein Sparkling Soda, 15g) to drive trial and new occasions.
• Protein-driven commodity inflation (whey and non-fat dry milk) and elevated freight costs are running above prior expectations and will pressure margins in H2, with potential carryover risk into 2027 if sustained.
• The RTD shake category remains healthy (+8%), household penetration is still growing, and Premier retains leadership with strong volume growth and share gains outside club, supporting management’s view of long-term recovery after a competitive shakeout.

BellRing Brands Price Performance

Shares of NYSE BRBR traded up $0.19 during mid-day trading on Thursday, hitting $11.29. 1,559,336 shares of the stock traded hands, compared to its average volume of 4,188,453. BellRing Brands has a twelve month low of $9.22 and a twelve month high of $67.00. The company has a market cap of $1.32 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.44 and a beta of 0.74. The firm has a 50 day simple moving average of $16.49 and a two-hundred day simple moving average of $23.32.

More BellRing Brands News

Here are the key news stories impacting BellRing Brands this week:

• Positive Sentiment: JPMorgan cut its price target but kept an “overweight” rating (PT lowered to $13), signaling the firm still sees upside potential despite the recent soft results. Article Title
• Neutral Sentiment: Company guidance still points to substantial sales and profitability — BellRing forecasted FY2026 net sales of $2.325B–$2.365B and an adjusted EBITDA margin around 14%, which frames a baseline for recovery if promotions and pricing normalize. Article Title
• Neutral Sentiment: UBS lowered its price target to $12 and moved to a “neutral” rating, reflecting tempered expectations but stopping short of a sell view. Article Title
• Negative Sentiment: Q2 results missed Street estimates — EPS and sales came in below forecasts and management cut FY26 sales guidance, prompting several analysts to lower forecasts and model assumptions. This is the primary driver of near-term selling pressure. Article Title
• Negative Sentiment: Industry and demand headwinds: heightened consumer price sensitivity and cheaper competitor protein shakes have pressured Premier Protein volumes and pricing power, amplifying the weak quarter. Article Title
• Negative Sentiment: Analyst downgrades/target cuts are broadening — TD Cowen cut its PT to $11 (hold) and others trimmed targets, reducing near-term analyst support and raising the bar for upside. Article Title
• Negative Sentiment: Shareholder litigation risk: Ademi LLP announced an investigation into possible securities fraud claims tied to BellRing’s statements, adding legal/uncertainty risk that can further pressure the stock if it develops. Article Title

Wall Street Analyst Weigh In

Several research firms have issued reports on BRBR. Barclays restated an “overweight” rating and issued a $13.00 price objective on shares of BellRing Brands in a research note on Wednesday. Bank of America lowered their target price on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. UBS Group lowered their target price on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday. Jefferies Financial Group lowered their target price on BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. Finally, Weiss Ratings lowered BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BellRing Brands currently has an average rating of “Hold” and a consensus price target of $23.73.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 2,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were bought at an average price of $17.75 per share, with a total value of $35,500.00. Following the acquisition, the director directly owned 7,391 shares in the company, valued at $131,190.25. The trade was a 37.10% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in BellRing Brands by 86.9% during the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after purchasing an additional 3,258,035 shares during the last quarter. Wasatch Advisors LP raised its position in shares of BellRing Brands by 30.5% in the 3rd 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 position 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 acquiring an additional 2,336,029 shares in the last quarter. Wellington Management Group LLP raised its position in shares of BellRing Brands by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock worth $134,187,000 after acquiring an additional 19,471 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of BellRing Brands by 0.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,739,160 shares of the company’s stock worth $73,218,000 after acquiring an additional 17,174 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

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.