BellRing Brands (NYSE:BRBR) Stock Price Down 4.2% – What’s Next?

BellRing Brands Inc. (NYSE:BRBR) shares fell 4.2% on Thursday . The company traded as low as $10.30 and last traded at $10.3350. Approximately 61,514 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 4,543,930 shares. The stock had previously closed at $10.79.

Wall Street Analyst Weigh In

BRBR has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of BellRing Brands from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. TD Cowen boosted their price objective on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of BellRing Brands in a research note on Thursday, July 9th. Morgan Stanley restated an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Finally, Barclays lifted their target price on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Hold” and a consensus target price of $19.82.

BellRing Brands Price Performance

The company’s fifty day moving average price is $11.98 and its 200 day moving average price is $13.47. The company has a market cap of $1.21 billion, a PE ratio of 7.36, a P/E/G ratio of 6.31 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 earnings per share. On average, analysts forecast that BellRing Brands Inc. will post 1.03 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently modified their holdings of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in BellRing Brands during the second quarter worth $901,000. California State Teachers Retirement System grew its stake in BellRing Brands by 1,193.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,730,557 shares of the company’s stock valued at $22,393,000 after purchasing an additional 1,596,774 shares during the period. Wedmont Private Capital bought a new position in BellRing Brands in the 2nd quarter valued at $1,593,000. AXQ Capital LP increased its position in shares of BellRing Brands by 24.5% during the 2nd quarter. AXQ Capital LP now owns 150,838 shares of the company’s stock valued at $1,952,000 after purchasing an additional 29,636 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of BellRing Brands during the 2nd quarter valued at $65,000. 94.97% of the stock is owned by institutional investors.

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.