BellRing Brands (NYSE:BRBR) Stock Price Down 5.2% - What's Next?

Key Points

• BellRing Brands shares fell 5.2% to approximately $9.06, with trading volume down 84% from the average session.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating, although the average price target is $18.70 and several analysts maintain Buy or Overweight ratings.
• The company exceeded quarterly revenue expectations with $570.4 million, up 4.2% year over year, but missed EPS estimates at $0.30 versus $0.37 and reported weaker profitability metrics.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report)'s share price fell 5.2% during trading on Tuesday. The stock traded as low as $9.06 and last traded at $9.0590. 706,927 shares changed hands during trading, a decline of 84% from the average session volume of 4,398,681 shares. The stock had previously closed at $9.56.

Analysts Set New Price Targets

BRBR has been the subject of a number of recent research reports. Stephens reissued an "overweight" rating and set a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. BNP Paribas Exane initiated coverage on BellRing Brands in a report on Friday, October 9th. They issued an "outperform" rating and a $12.00 target price for the company. UBS Group set a $9.50 price target on BellRing Brands in a report on Thursday, October 15th. DA Davidson raised their target price on BellRing Brands from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped 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. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.70.

BellRing Brands Price Performance

The company has a 50 day moving average of $9.26 and a 200-day moving average of $13.76. The company has a market cap of $1.07 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 4.45 and a beta of 0.43.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results 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 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 the consensus estimate of $548.72 million. During the same period in the previous year, the company earned $0.55 EPS. BellRing Brands's quarterly revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that BellRing Brands Inc. will post 1.03 EPS for the current year.

Institutional Trading of BellRing Brands

A number of hedge funds and other institutional investors have recently modified their holdings of BRBR. Iridian Asset Management LLC CT increased its stake in BellRing Brands by 56.0% during the 3rd quarter. Iridian Asset Management LLC CT now owns 444,504 shares of the company's stock valued at $3,418,000 after purchasing an additional 159,575 shares in the last quarter. Isthmus Partners LLC boosted its position in shares of BellRing Brands by 108.5% during the third quarter. Isthmus Partners LLC now owns 284,751 shares of the company's stock worth $2,190,000 after acquiring an additional 148,182 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in shares of BellRing Brands by 55.8% in the third quarter. Counterpoint Mutual Funds LLC now owns 1,084,423 shares of the company's stock worth $8,339,000 after buying an additional 388,319 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of BellRing Brands by 42.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,265,443 shares of the company's stock worth $9,731,000 after buying an additional 378,466 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in shares of BellRing Brands during the 3rd quarter valued at approximately $39,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

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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