BellRing Brands (NYSE:BRBR) Trading Down 4.3% – Time to Sell?

BellRing Brands, Inc. (NYSE:BRBR)’s stock price traded down 4.3% during mid-day trading on Tuesday . The stock traded as low as $73.75 and last traded at $74.89. 677,294 shares were traded during mid-day trading, a decline of 37% from the average session volume of 1,083,091 shares. The stock had previously closed at $78.25.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BRBR. Truist Financial lifted their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Bank of America boosted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Mizuho lifted their price target on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI increased their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Finally, TD Cowen raised their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus target price of $77.13.

BellRing Brands Stock Down 3.9 %

The stock has a market capitalization of $9.68 billion, a P/E ratio of 40.20, a PEG ratio of 2.61 and a beta of 0.86. The business has a 50-day simple moving average of $76.03 and a two-hundred day simple moving average of $66.06.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. On average, sell-side analysts forecast that BellRing Brands, Inc. will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Braun Stacey Associates Inc. bought a new position in BellRing Brands during the 3rd quarter worth $18,680,000. Charles Schwab Investment Management Inc. raised its position in shares of BellRing Brands by 35.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock valued at $76,949,000 after buying an additional 333,287 shares in the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after acquiring an additional 10,117 shares during the period. Banco Santander S.A. acquired a new stake in shares of BellRing Brands during the 3rd quarter worth approximately $672,000. Finally, Empowered Funds LLC increased its stake in BellRing Brands by 151.4% in the third quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock valued at $4,241,000 after acquiring an additional 42,059 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.