BellRing Brands (NYSE:BRBR) Shares Down 5.7% - Here's What Happened

Key Points

• BellRing Brands shares fell 5.7% to $10.89, with trading volume sharply below average.
• The company’s latest quarterly earnings missed expectations, reporting $0.30 in EPS versus the $0.37 consensus, although revenue of $570.4 million exceeded estimates and increased 4.2% year over year.
• Analyst sentiment remains mixed: the consensus rating is “Hold”, despite several firms raising price targets. Institutional investors own approximately 94.97% of the stock.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report)'s share price traded down 5.7% during trading on Wednesday . The company traded as low as $10.88 and last traded at $10.89. Approximately 739,626 shares were traded 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 Analysts Forecast Growth

Several analysts have recently weighed in on BRBR shares. Stifel Nicolaus lifted their target price on shares of BellRing Brands from $14.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Barclays raised their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Zacks Research upgraded BellRing Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. UBS Group boosted their target price on BellRing Brands from $12.00 to $13.50 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Finally, TD Cowen increased their target price on BellRing Brands from $11.00 to $12.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.82.

BellRing Brands Price Performance

The firm has a market cap of $1.27 billion, a PE ratio of 7.70, a PEG ratio of 6.67 and a beta of 0.45. The business has a 50-day moving average price of $11.56 and a two-hundred day moving average price of $14.53.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). The business had revenue of $570.40 million during the quarter, compared to analysts' expectations of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.BellRing Brands's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities analysts expect that BellRing Brands Inc. will post 1.03 earnings per share for the current fiscal year.

Institutional Trading of BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company's stock valued at $72,000 after acquiring an additional 373 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company's stock valued at $3,434,000 after purchasing an additional 456 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of BellRing Brands by 9.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company's stock worth $308,000 after purchasing an additional 467 shares in the last quarter. Larson Financial Group LLC lifted 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 worth $25,000 after purchasing an additional 524 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of BellRing Brands by 5.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company's stock worth $257,000 after purchasing an additional 536 shares during the period. 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.

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