BellRing Brands (NYSE:BRBR) Hits New 12-Month Low on Analyst Downgrade

BellRing Brands Inc. (NYSE:BRBR) hit a new 52-week low on Friday after Bank of America lowered their price target on the stock from $22.00 to $19.00. Bank of America currently has a neutral rating on the stock. BellRing Brands traded as low as $14.37 and last traded at $14.4410, with a volume of 1891244 shares traded. The stock had previously closed at $15.40.

Other equities research analysts have also issued research reports about the company. Mizuho cut their target price on BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $31.00 target price on shares of BellRing Brands in a research report on Monday, January 26th. TD Cowen reissued a “hold” rating on shares of BellRing Brands in a research report on Thursday, January 8th. Zacks Research raised BellRing Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of BellRing Brands in a research report on Wednesday, February 4th. Twelve analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.19.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BRBR. Wealth Enhancement Advisory Services LLC grew its stake in shares of BellRing Brands by 820.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,808 shares of the company’s stock valued at $1,662,000 after purchasing an additional 42,612 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of BellRing Brands by 331.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,336,800 shares of the company’s stock valued at $35,733,000 after purchasing an additional 1,026,921 shares during the last quarter. Boothbay Fund Management LLC grew its stake in shares of BellRing Brands by 1,954.2% in the 3rd quarter. Boothbay Fund Management LLC now owns 206,718 shares of the company’s stock valued at $7,514,000 after purchasing an additional 196,655 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of BellRing Brands in the 3rd quarter valued at approximately $1,287,000. Finally, William Blair Investment Management LLC grew its stake in shares of BellRing Brands by 17.0% in the 3rd quarter. William Blair Investment Management LLC now owns 2,520,053 shares of the company’s stock valued at $91,604,000 after purchasing an additional 366,121 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Down 2.7%

The firm has a 50 day simple moving average of $17.57 and a two-hundred day simple moving average of $25.67. The company has a market capitalization of $1.76 billion, a PE ratio of 10.34, a P/E/G ratio of 3.04 and a beta of 0.73.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Tuesday, February 3rd. The company reported $0.37 earnings per share 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 company had revenue of $537.30 million for the quarter, compared to the consensus estimate of $505.44 million. During the same period last year, the business posted $0.58 EPS. The company’s revenue was up .8% on a year-over-year basis. Research analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

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.