BellRing Brands (NYSE:BRBR) Stock Price Down 4.2% - What's Next?

Key Points

• BellRing Brands shares fell 4.2% to $10.335, with trading volume plunging 99% below the average daily level.
• Analyst sentiment is mixed: the stock has an overall “Hold” rating, with nine Buys, eight Holds and one Sell, while the average price target is $19.82.
• The company’s latest quarter showed revenue growth of 4.2% to $570.4 million, but earnings of $0.30 per share missed estimates of $0.37 and declined from $0.55 a year earlier.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report)'s share price fell 4.2% during trading on Thursday . The stock traded as low as $10.30 and last traded at $10.3350. 61,514 shares were traded during trading, a decline of 99% from the average daily volume of 4,543,930 shares. The stock had previously closed at $10.79.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on BellRing Brands from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. UBS Group increased their price target on BellRing Brands from $12.00 to $13.50 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Stephens reaffirmed an "overweight" rating and set a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of BellRing Brands in a research note on Friday, July 10th. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $13.00 target price (down from $24.00) on shares of BellRing Brands in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.82.

BellRing Brands Stock Performance

The company has a 50 day moving average price of $11.98 and a 200 day moving average price of $13.47. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 6.31 and a beta of 0.45.

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 for the quarter, missing analysts' consensus estimates 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 firm had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same period last year, the company posted $0.55 earnings per share. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts forecast that BellRing Brands Inc. will post 1.03 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its position in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company's stock valued at $25,000 after purchasing an additional 524 shares during the period. Danske Bank A S acquired a new position in BellRing Brands during the third quarter worth $29,000. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company's stock valued at $38,000 after buying an additional 573 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of BellRing Brands by 333.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company's stock valued at $50,000 after buying an additional 1,428 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of BellRing Brands by 52.2% during the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company's stock valued at $52,000 after buying an additional 1,109 shares during the last quarter. 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 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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