BellRing Brands (NYSE:BRBR) Sets New 12-Month Low - Here's What Happened

Key Points

• BellRing Brands shares fell 7%, reaching a new 52-week low of $7.82 before last trading near $8.01, well below its 50-day and 200-day moving averages.
• The company’s latest earnings were mixed: quarterly revenue rose 4.2% year over year to $570.4 million and exceeded estimates, but EPS of $0.30 missed expectations of $0.37 and declined from $0.55 a year earlier.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $19.82 average price target; institutional investors own approximately 94.97% of the stock.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $7.82 and last traded at $8.0050, with a volume of 2556302 shares trading hands. The stock had previously closed at $8.44.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stephens reiterated an "overweight" rating and issued a $20.00 price objective on shares of BellRing Brands in a research note on Thursday, July 9th. UBS Group increased their price objective on BellRing Brands from $12.00 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, July 16th. TD Cowen raised 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. Barclays upped their price target on BellRing Brands from $13.00 to $14.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a "sell (d)" rating on shares of BellRing Brands in a research report on Friday, July 10th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $19.82.

BellRing Brands Stock Down 7.0%

The firm has a market capitalization of $912.20 million, a P/E ratio of 5.52, a price-to-earnings-growth ratio of 5.27 and a beta of 0.43. The firm's 50-day simple moving average is $10.97 and its 200-day simple moving average is $12.27.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $570.40 million for the quarter, compared to analysts' expectations of $548.72 million. During the same quarter last year, the business posted $0.55 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Several hedge funds have recently added to or reduced their stakes in BRBR. Sequoia Financial Advisors LLC bought a new stake in BellRing Brands in the 2nd quarter worth $148,000. WINTON GROUP Ltd bought a new stake in BellRing Brands during the second quarter worth about $142,000. Steamboat Capital Partners LLC purchased a new position in BellRing Brands during the second quarter valued at $5,118,000. IFP Advisors Inc grew its holdings in shares of BellRing Brands by 279.4% during the second quarter. IFP Advisors Inc now owns 3,957 shares of the company's stock valued at $51,000 after buying an additional 2,914 shares during the last quarter. Finally, Nykredit A S bought a new stake in shares of BellRing Brands in the 2nd quarter worth $65,000. 94.97% of the stock is owned by institutional investors.

About BellRing Brands

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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