BellRing Brands (NYSE:BRBR) Trading Down 5.7% – What’s Next?

BellRing Brands Inc. (NYSE:BRBR)’s share price fell 5.7% on Tuesday . The company traded as low as $12.01 and last traded at $12.02. Approximately 1,106,329 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 4,748,376 shares. The stock had previously closed at $12.75.

Wall Street Analyst Weigh In

BRBR has been the subject of several research analyst reports. Stifel Nicolaus lowered their price target on shares of BellRing Brands from $34.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on BellRing Brands from $21.00 to $13.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Sanford C. Bernstein downgraded BellRing Brands from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $35.00 to $11.00 in a report on Wednesday, May 6th. BTIG Research assumed coverage on BellRing Brands in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BellRing Brands currently has a consensus rating of “Hold” and an average price target of $20.47.

BellRing Brands Trading Down 5.1%

The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 6.15 and a beta of 0.45. The firm’s 50-day moving average is $10.23 and its 200 day moving average is $16.50.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (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 analyst estimates of $608.88 million. BellRing Brands had a net margin of 6.78% and a negative return on equity of 44.06%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share. Analysts predict that BellRing Brands Inc. will post 1.22 EPS for the current year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average price of $9.23 per share, with a total value of $36,920.00. Following the completion of the purchase, the director directly owned 13,326 shares in the company, valued at $122,998.98. This trade represents a 42.89% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. 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 period. Danske Bank A S acquired a new stake in shares of BellRing Brands in the third quarter valued at about $29,000. IFP Advisors Inc increased its stake in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after buying an additional 573 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of BellRing Brands by 333.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after acquiring an additional 1,428 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of BellRing Brands by 578.9% during the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after acquiring an additional 1,621 shares during the last quarter. 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.