BellRing Brands (NYSE:BRBR) Hits New 12-Month Low – Should You Sell?

Shares of BellRing Brands Inc. (NYSE:BRBRGet Free Report) reached a new 52-week low on Tuesday . The company traded as low as $15.97 and last traded at $15.9010, with a volume of 1828273 shares. The stock had previously closed at $16.61.

BellRing Brands News Roundup

Here are the key news stories impacting BellRing Brands this week:

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent research reports. Jefferies Financial Group decreased their price objective on BellRing Brands from $38.00 to $28.00 and set a “buy” rating for the company in a report on Monday, March 16th. Stifel Nicolaus reduced their price target on shares of BellRing Brands from $50.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. DA Davidson restated a “buy” rating and set a $32.00 price target on shares of BellRing Brands in a research note on Wednesday, February 4th. Barclays restated an “overweight” rating on shares of BellRing Brands in a report on Thursday, February 5th. Finally, Bank of America boosted their price objective on BellRing Brands from $28.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Twelve investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $37.25.

Read Our Latest Stock Report on BRBR

BellRing Brands Stock Performance

The company’s 50 day moving average price is $20.28 and its 200-day moving average price is $27.60. The stock has a market cap of $1.86 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 3.39 and a beta of 0.69.

BellRing Brands (NYSE:BRBRGet Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The company had revenue of $537.30 million for the quarter, compared to analyst estimates of $505.44 million. During the same period last year, the firm earned $0.58 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. On average, analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Activity at BellRing Brands

In other news, Director David Isaiah Finkelstein bought 2,000 shares of the company’s stock in a transaction on Friday, February 13th. The shares were purchased at an average price of $17.75 per share, with a total value of $35,500.00. Following the transaction, the director directly owned 7,391 shares in the company, valued at $131,190.25. This represents a 37.10% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of BellRing Brands

A number of institutional investors and hedge funds have recently modified their holdings of BRBR. Rockefeller Capital Management L.P. lifted its holdings in BellRing Brands by 273.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,457 shares of the company’s stock worth $146,000 after acquiring an additional 3,996 shares during the period. River Road Asset Management LLC bought a new position in BellRing Brands in the 4th quarter valued at $56,465,000. Pacer Advisors Inc. grew its stake in BellRing Brands by 57.8% in the 4th quarter. Pacer Advisors Inc. now owns 26,529 shares of the company’s stock valued at $709,000 after purchasing an additional 9,719 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of BellRing Brands during the 4th quarter valued at $1,195,000. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of BellRing Brands by 111.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 47,744 shares of the company’s stock valued at $1,276,000 after purchasing an additional 25,140 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Company Profile

(Get Free Report)

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.

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