BellRing Brands (NYSE:BRBR) Reaches New 12-Month Low on Analyst Downgrade

Key Points

• BellRing shares hit a new 52‑week low after Bank of America cut its price target from $22 to $19 and kept a neutral rating; the stock traded as low as $14.37 and last traded around $14.44 (down about 6.3%).
• Despite the downgrade, analysts remain broadly constructive — MarketBeat shows a consensus "Moderate Buy" (12 Buys, 6 Holds, 1 Sell) with an average price target of $36.19 — and BellRing recently beat quarterly EPS ($0.37 vs. $0.31) and revenue estimates ($537.3M vs. $505.4M).

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) shares reached a new 52-week low on Friday after Bank of America lowered their price target on the stock from $22.00 to $19.00. Bank of America currently has a neutral rating on the stock. BellRing Brands traded as low as $14.37 and last traded at $14.4410, with a volume of 1891244 shares traded. The stock had previously closed at $15.40.

Several other research analysts also recently weighed in on the stock. Morgan Stanley set a $32.00 price target on shares of BellRing Brands in a research report on Friday, January 16th. TD Cowen restated a "hold" rating on shares of BellRing Brands in a research report on Thursday, January 8th. Barclays restated an "overweight" rating on shares of BellRing Brands in a research report on Thursday, February 5th. DA Davidson restated a "buy" rating and set a $32.00 price objective on shares of BellRing Brands in a research report on Wednesday, February 4th. Finally, William Blair reiterated an "outperform" rating on shares of BellRing Brands in a research report on Tuesday, February 3rd. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.19.

Insider Transactions at BellRing Brands

In related news, Director David Isaiah Finkelstein purchased 2,000 shares of BellRing Brands stock in a transaction on Friday, February 13th. The shares were bought at an average cost of $17.75 per share, for a total transaction of $35,500.00. Following the acquisition, the director owned 7,391 shares in the company, valued at approximately $131,190.25. The trade was a 37.10% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company's stock.

Institutional Trading of BellRing Brands

Large investors have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of BellRing Brands by 132.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company's stock valued at $27,000 after purchasing an additional 419 shares in the last quarter. Danske Bank A S purchased a new position in BellRing Brands during the third quarter valued at $29,000. Larson Financial Group LLC raised its position in shares of BellRing Brands by 128.7% in the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company's stock valued at $25,000 after buying an additional 524 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of BellRing Brands in the third quarter valued at about $35,000. Finally, IFP Advisors Inc increased its position in BellRing Brands by 124.3% during the third quarter. IFP Advisors Inc now owns 1,034 shares of the company's stock worth $38,000 after purchasing an additional 573 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Stock Down 6.3%

The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 3.10 and a beta of 0.73. The company's 50-day moving average is $17.77 and its 200-day moving average is $25.82.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.06. The company had revenue of $537.30 million during the quarter, compared to the consensus estimate of $505.44 million. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

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.

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