BellRing Brands (NYSE:BRBR) Stock Price Down 5.2% – Should You Sell?

BellRing Brands Inc. (NYSE:BRBR) fell 5.2% on Tuesday. The company traded as low as $9.06 and last traded at $9.0590. Approximately 706,927 shares changed hands during trading, a decline of 84% from the average daily volume of 4,398,681 shares. The stock had previously closed at $9.56.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of recent research reports. Stephens restated an “overweight” rating and issued a $20.00 target price on shares of BellRing Brands in a research note on Thursday, July 9th. DA Davidson lifted their price objective on BellRing Brands from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. UBS Group set a $9.50 price objective on BellRing Brands in a report on Thursday, October 15th. Finally, Barclays lowered their price objective on shares of BellRing Brands from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.70.

BellRing Brands Stock Down 4.2%

The firm has a market capitalization of $1.07 billion, a PE ratio of 6.43, a P/E/G ratio of 4.45 and a beta of 0.43. The business’s fifty day moving average price is $9.26 and its 200 day moving average price is $13.76.

BellRing Brands (NYSE:BRBR) last released 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). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The firm had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that BellRing Brands Inc. will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its holdings in shares of BellRing Brands by 336.0% in the third quarter. Versant Capital Management Inc now owns 4,643 shares of the company’s stock valued at $36,000 after buying an additional 3,578 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of BellRing Brands in the 3rd quarter worth approximately $39,000. IFP Advisors Inc boosted its holdings in BellRing Brands by 279.4% during the second quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock worth $51,000 after buying an additional 2,914 shares in the last quarter. Parallel Advisors LLC grew its position in BellRing Brands by 52.2% in the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after buying an additional 1,109 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of BellRing Brands during the 2nd quarter valued at $65,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.