BellRing Brands (NYSE:BRBR) Posts Earnings Results, Misses Expectations By $0.07 EPS

BellRing Brands (NYSE:BRBR) issued its quarterly earnings results on Tuesday. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07), FiscalAI reports. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The company had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. During the same quarter in the previous year, the business posted $0.55 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis.

BellRing Brands Stock Performance

Shares of BRBR opened at $13.01 on Tuesday. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $54.65. The business has a 50-day moving average of $11.16 and a 200 day moving average of $15.09. The firm has a market cap of $1.51 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 6.02 and a beta of 0.45.

Insider Activity

In related news, Director David Isaiah Finkelstein bought 4,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the completion of the transaction, the director directly owned 13,326 shares in the company, valued at approximately $122,998.98. The trade was a 42.89% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Institutional Trading of BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. AQR Capital Management LLC boosted its stake in BellRing Brands by 86.9% during the fourth quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after buying an additional 3,258,035 shares during the period. Alyeska Investment Group L.P. bought a new position in shares of BellRing Brands in the 3rd quarter worth $98,944,000. The Manufacturers Life Insurance Company raised its position in shares of BellRing Brands by 156.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after buying an additional 2,336,029 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of BellRing Brands by 30.5% during 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 during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of BellRing Brands during the 3rd quarter worth $49,584,000. Institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a report on Thursday, July 9th. Stifel Nicolaus raised their target price on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. DA Davidson raised shares of BellRing Brands to a “strong-buy” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. increased their price objective on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.97.

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.