BellRing Brands (NYSE:BRBR) Hits New 1-Year Low - What's Next?

Key Points

• BellRing Brands hit a new 52-week low, trading as low as $7.49 and last changing hands near $7.74. The stock is below its 50-day and 200-day moving averages of $10.61 and $12.01, respectively.
• Analyst sentiment is mixed but centers on a “Hold” consensus; nine analysts rate the stock a Buy, eight a Hold and one a Sell. The average price target is $19.82, with recent targets ranging from $12 to $17.
• The company’s latest quarterly results showed revenue of $570.4 million, up 4.2% year over year and above estimates, but EPS of $0.30 missed consensus by $0.07. Institutional investors and hedge funds own approximately 94.97% of the stock.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) reached a new 52-week low on Wednesday. The stock traded as low as $7.49 and last traded at $7.7350, with a volume of 3136794 shares changing hands. The stock had previously closed at $7.74.

Analysts Set New Price Targets

Several equities analysts have commented on BRBR shares. TD Cowen raised their price target on shares of BellRing Brands from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Stifel Nicolaus upped their price objective on BellRing Brands from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. increased their price objective on BellRing Brands from $13.00 to $17.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Zacks Research upgraded BellRing Brands from a "strong sell" rating to a "hold" rating in a report on Monday, July 6th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of BellRing Brands in a research note on Friday, July 10th. Nine investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BellRing Brands has a consensus rating of "Hold" and an average price target of $19.82.

BellRing Brands Price Performance

The company has a market cap of $899.43 million, a PE ratio of 5.45, a PEG ratio of 4.54 and a beta of 0.43. The stock has a 50 day simple moving average of $10.61 and a two-hundred day simple moving average of $12.01.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted 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 net margin of 7.28% and a negative return on equity of 33.04%. The business had revenue of $570.40 million during the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that BellRing Brands Inc. will post 1.03 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in BellRing Brands in the second quarter valued at $42,868,000. River Road Asset Management LLC purchased a new stake in shares of BellRing Brands during the 4th quarter worth $56,465,000. Amundi grew its stake in shares of BellRing Brands by 106.4% during the 1st quarter. Amundi now owns 2,255,734 shares of the company's stock worth $36,295,000 after purchasing an additional 1,162,996 shares during the period. BNP Paribas Financial Markets grew its stake in shares of BellRing Brands by 125.3% during the 4th quarter. BNP Paribas Financial Markets now owns 1,964,321 shares of the company's stock worth $52,506,000 after purchasing an additional 1,092,328 shares during the period. Finally, Norges Bank purchased a new position in shares of BellRing Brands in the 4th quarter valued at about $21,488,000. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Company Profile

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products, particularly those designed to provide protein and support active lifestyles. Its portfolio is anchored by Premier Protein and Dymatize, which serve consumers through ready-to-drink shakes, protein powders, bars and related nutritional products.

Premier Protein offers protein shakes, powders and bars sold through grocery stores, mass retailers, club stores, drugstores, e-commerce platforms and other channels.

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