BellRing Brands (NYSE:BRBR) Trading Down 5.7% – Should You Sell?

Shares of BellRing Brands Inc. (NYSE:BRBR) were down 5.7% during mid-day trading on Wednesday . The stock traded as low as $10.88 and last traded at $10.89. Approximately 739,626 shares traded hands during trading, a decline of 84% from the average daily volume of 4,678,604 shares. The stock had previously closed at $11.55.

Wall Street Analyst Weigh In

BRBR has been the topic of several research reports. TD Cowen boosted their price objective on shares of BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, August 5th. DA Davidson increased their target price on BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays lifted their price target on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Finally, Stifel Nicolaus boosted their price target on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $19.82.

BellRing Brands Stock Down 1.3%

The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 6.36 and a beta of 0.45. The stock’s fifty day moving average price is $11.64 and its 200-day moving average price is $14.30.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The business had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Analysts anticipate that BellRing Brands Inc. will post 1.03 EPS for the current year.

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in shares of BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after acquiring an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP raised its holdings in BellRing Brands by 30.5% during the third 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 boosted its position in BellRing Brands by 156.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after purchasing an additional 2,336,029 shares during the last quarter. Wellington Management Group LLP boosted its position in BellRing Brands by 0.5% during the third quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after purchasing an additional 19,471 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in BellRing Brands in the second quarter valued at approximately $42,868,000. 94.97% of the stock is owned by 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.