BellRing Brands (NYSE:BRBR) Sets New 52-Week Low – Should You Sell?

BellRing Brands Inc. (NYSE:BRBR) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $8.53 and last traded at $8.6020, with a volume of 4256875 shares changing hands. The stock had previously closed at $8.60.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of analyst reports. UBS Group decreased their price objective on BellRing Brands from $19.00 to $12.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Mizuho decreased their price objective on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Bank of America decreased their price objective on BellRing Brands from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, April 10th. William Blair reissued an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein lowered BellRing Brands from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $35.00 to $11.00 in a research note on Wednesday, May 6th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, BellRing Brands has a consensus rating of “Hold” and an average target price of $22.47.

BellRing Brands Trading Down 3.8%

The business has a 50 day simple moving average of $13.77 and a 200-day simple moving average of $20.83. The stock has a market capitalization of $968.73 million, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 4.22 and a beta of 0.74.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The business had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same period in the previous year, the business posted $0.53 earnings per share. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. Research analysts predict that BellRing Brands Inc. will post 1.23 EPS for the current year.

Insider Buying and Selling at BellRing Brands

In other news, Director David Isaiah Finkelstein acquired 4,000 shares of BellRing Brands stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $9.23 per share, with a total value of $36,920.00. Following the purchase, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This trade represents a 42.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of 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 in the last quarter. Danske Bank A S acquired a new position in shares of BellRing Brands in the 3rd quarter valued at about $29,000. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% in the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares in the last quarter. CI Investments Inc. lifted its stake in shares of BellRing Brands by 439.1% in the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after purchasing an additional 944 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its stake in shares of BellRing Brands by 161.1% in the 3rd quarter. Clearstead Advisors LLC now owns 1,389 shares of the company’s stock valued at $50,000 after purchasing an additional 857 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.