BellRing Brands (NYSE:BRBR) Trading Down 7.8% – Here’s Why

Shares of BellRing Brands Inc. (NYSE:BRBR) fell 7.8% during mid-day trading on Monday . The stock traded as low as $9.62 and last traded at $9.5050. 3,023,554 shares traded hands during trading, a decline of 29% from the average session volume of 4,254,642 shares. The stock had previously closed at $10.31.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BRBR. Jefferies Financial Group lowered their price target on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 16th. Weiss Ratings cut shares of BellRing Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, February 2nd. TD Cowen lowered their target price on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “equal weight” rating and set a $13.00 price target (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Finally, William Blair restated an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.73.

BellRing Brands Stock Performance

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 7.30, a P/E/G ratio of 5.06 and a beta of 0.74. The firm has a 50-day simple moving average of $16.33 and a two-hundred day simple moving average of $23.17.

BellRing Brands (NYSE:BRBR) last posted 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). The business had revenue of $598.70 million during the quarter, compared to analysts’ expectations of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. During the same period in the previous year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts forecast that BellRing Brands Inc. will post 1.23 EPS for the current fiscal year.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein purchased 2,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was acquired 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 in the company, valued at approximately $131,190.25. The trade was a 37.10% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Assenagon Asset Management S.A. boosted its stake in shares of BellRing Brands by 331.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock valued at $35,733,000 after buying an additional 1,026,921 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of BellRing Brands by 820.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,808 shares of the company’s stock worth $1,662,000 after buying an additional 42,612 shares during the period. Boothbay Fund Management LLC raised its holdings in BellRing Brands by 1,954.2% in the third quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock valued at $7,514,000 after acquiring an additional 196,655 shares in the last quarter. William Blair Investment Management LLC lifted its stake in BellRing Brands by 17.0% in the third quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock worth $91,604,000 after acquiring an additional 366,121 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its stake in BellRing Brands by 144.4% in the third quarter. Savoir Faire Capital Management L.P. now owns 97,969 shares of the company’s stock worth $3,561,000 after acquiring an additional 57,879 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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.