BellRing Brands (NYSE:BRBR) Stock Breaks Below Fifty Day Moving Average - Time to Sell?

Key Points

• BellRing Brands shares fell below their 50-day moving average, trading as low as $8.94 versus the $9.16 average, while the 200-day average stands at $13.46.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating from 19 analysts, with a $18.57 average price target, although recent firms have both raised and cut targets and ratings range from “strong sell” to “buy.”
• The company’s latest quarter showed revenue rising 4.2% year over year to $570.4 million, but EPS of $0.30 missed estimates of $0.37 and fell from $0.55 a year earlier. Institutional investors own approximately 94.97% of the stock.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report)'s share price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $9.16 and traded as low as $8.94. BellRing Brands shares last traded at $9.0430, with a volume of 2,901,505 shares traded.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on BellRing Brands from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Zacks Research lowered BellRing Brands from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 14th. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $18.00 to $15.00 and set an "overweight" rating on the stock in a research note on Tuesday. Barclays reduced their target price on BellRing Brands from $14.00 to $12.00 and set an "overweight" rating for the company in a report on Friday, October 16th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of BellRing Brands in a research report on Tuesday, October 6th. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.57.

BellRing Brands Stock Performance

The company's 50 day moving average is $9.16 and its 200 day moving average is $13.46. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 4.41 and a beta of 0.43.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The company 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 business earned $0.55 earnings per share. The business's revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that BellRing Brands Inc. will post 1.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in BellRing Brands by 336.0% in the 3rd quarter. Versant Capital Management Inc now owns 4,643 shares of the company's stock valued at $36,000 after buying an additional 3,578 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of BellRing Brands in the 3rd quarter valued at $39,000. IFP Advisors Inc lifted its holdings in shares of BellRing Brands by 279.4% during the 2nd quarter. IFP Advisors Inc now owns 3,957 shares of the company's stock worth $51,000 after acquiring an additional 2,914 shares during the period. State of Wyoming bought a new position in shares of BellRing Brands during the 3rd quarter worth about $51,000. Finally, Parallel Advisors LLC lifted its holdings in shares of BellRing Brands by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company's stock worth $52,000 after acquiring an additional 1,109 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

About BellRing Brands

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.

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