BellRing Brands (NYSE:BRBR) Hits New 12-Month Low – What’s Next?

Shares of BellRing Brands Inc. (NYSE:BRBR) reached a new 52-week low on Tuesday . The stock traded as low as $16.92 and last traded at $17.4810, with a volume of 659174 shares traded. The stock had previously closed at $18.15.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BRBR shares. UBS Group set a $23.00 price objective on shares of BellRing Brands in a research report on Wednesday, February 4th. Mizuho reduced their price target on shares of BellRing Brands from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Zacks Research downgraded shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. William Blair reaffirmed an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Finally, Bank of America boosted their target price on BellRing Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.88.

BellRing Brands Stock Down 0.9%

The stock has a market cap of $2.06 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 3.49 and a beta of 0.69. The stock has a fifty day moving average of $22.52 and a 200-day moving average of $29.81.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.31 by $0.06. BellRing Brands had a negative return on equity of 64.79% and a net margin of 7.88%.The firm had revenue of $537.30 million during the quarter, compared to the consensus estimate of $505.44 million. During the same period in the prior year, the business earned $0.58 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. AQR Capital Management LLC raised its position in BellRing Brands by 86.9% during the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock worth $187,013,000 after buying an additional 3,258,035 shares during the last quarter. Wasatch Advisors LP increased its stake in shares of BellRing Brands by 30.5% during the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after acquiring an additional 1,575,812 shares during the period. Capital Research Global Investors acquired a new position in shares of BellRing Brands during the third quarter worth about $172,312,000. Holocene Advisors LP raised its holdings in BellRing Brands by 50.7% during the second quarter. Holocene Advisors LP now owns 3,928,395 shares of the company’s stock worth $227,572,000 after purchasing an additional 1,320,849 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in BellRing Brands by 156.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock worth $102,380,000 after purchasing an additional 2,336,029 shares in the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

About BellRing Brands

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.