BellRing Brands (NYSE:BRBR) Sets New 12-Month Low – Here’s Why

Shares of BellRing Brands Inc. (NYSE:BRBR) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $8.05 and last traded at $8.43, with a volume of 405511 shares traded. The stock had previously closed at $8.77.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of research analyst reports. Bank of America lowered their price target on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, April 10th. Zacks Research lowered shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. lowered their target price on shares of BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Barclays dropped their price target on shares of BellRing Brands from $22.00 to $13.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, UBS Group reduced their price target on shares of BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.47.

BellRing Brands Stock Down 5.2%

The firm has a market capitalization of $966.62 million, a price-to-earnings ratio of 6.43, a P/E/G ratio of 4.30 and a beta of 0.56. The stock has a 50-day moving average price of $12.83 and a 200 day moving average price of $20.05.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same period last year, the business earned $0.53 EPS. The firm’s revenue 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 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $9.23 per share, for a total transaction of $36,920.00. Following the acquisition, the director owned 13,326 shares of the company’s stock, valued at $122,998.98. This trade represents a 42.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On BellRing Brands

Several large investors have recently bought and sold shares of the business. Larson Financial Group LLC lifted its holdings in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after buying an additional 524 shares during the last quarter. Danske Bank A S acquired a new position in shares of BellRing Brands during the 3rd quarter worth about $29,000. IFP Advisors Inc boosted its position in shares of BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after acquiring an additional 573 shares in the last quarter. CI Investments Inc. increased its holdings in shares of BellRing Brands by 439.1% in the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after acquiring an additional 944 shares during the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of BellRing Brands by 161.1% during the 3rd quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock worth $50,000 after acquiring an additional 857 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.