BellRing Brands (NYSE:BRBR) Trading Down 5.6% – What’s Next?

BellRing Brands Inc. (NYSE:BRBR) shares were down 5.6% on Monday . The company traded as low as $24.72 and last traded at $24.6420. Approximately 837,004 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,484,242 shares. The stock had previously closed at $26.09.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BRBR shares. Cowen downgraded BellRing Brands from a “buy” rating to a “hold” rating in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $62.00 price objective on BellRing Brands in a report on Monday, December 15th. DA Davidson set a $38.00 price objective on BellRing Brands in a research report on Thursday, November 20th. Mizuho decreased their target price on shares of BellRing Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Finally, Stifel Nicolaus lowered their price target on shares of BellRing Brands from $56.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, November 19th. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $44.00.

BellRing Brands Stock Down 8.5%

The company has a market cap of $2.86 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 3.49 and a beta of 0.65. The company has a fifty day simple moving average of $29.69 and a two-hundred day simple moving average of $39.17.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The firm had revenue of $648.20 million for the quarter, compared to analyst estimates of $633.21 million. During the same period last year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, research analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current year.

Insider Buying and Selling

In other BellRing Brands news, insider Douglas J. Cornille sold 3,970 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the sale, the insider owned 54,812 shares in the company, valued at approximately $1,695,335.16. This represents a 6.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.

Institutional Trading of BellRing Brands

A number of large investors have recently made changes to their positions in BRBR. McIlrath & Eck LLC raised its stake in BellRing Brands by 13.6% in the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock valued at $105,000 after purchasing an additional 169 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of BellRing Brands by 2.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,083 shares of the company’s stock valued at $526,000 after buying an additional 200 shares during the last quarter. Shilanski & Associates Inc. raised its position in shares of BellRing Brands by 1.2% in the second quarter. Shilanski & Associates Inc. now owns 23,218 shares of the company’s stock valued at $1,345,000 after buying an additional 264 shares during the last quarter. VestGen Investment Management lifted its stake in shares of BellRing Brands by 5.0% during the second quarter. VestGen Investment Management now owns 6,080 shares of the company’s stock valued at $352,000 after buying an additional 292 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in BellRing Brands by 22.9% during the second quarter. Parkside Financial Bank & Trust now owns 1,743 shares of the company’s stock worth $101,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.