BellRing Brands (NYSE:BRBR) Reaches New 1-Year Low Following Weak Earnings

BellRing Brands Inc. (NYSE:BRBR)’s stock price hit a new 52-week low during trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $11.85 and last traded at $11.1180, with a volume of 730133 shares trading hands. The stock had previously closed at $17.36.

The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.17). BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. During the same period last year, the business earned $0.53 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BRBR shares. BTIG Research began coverage on shares of BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $31.00 target price on shares of BellRing Brands in a report on Monday, January 26th. DA Davidson restated a “buy” rating and issued a $32.00 price target on shares of BellRing Brands in a research note on Wednesday, February 4th. TD Cowen reaffirmed a “hold” rating on shares of BellRing Brands in a research report on Monday, April 20th. Finally, William Blair reiterated an “outperform” rating on shares of BellRing Brands in a report on Tuesday, February 3rd. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.88.

Insiders Place Their Bets

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

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of BellRing Brands by 20.2% during the first quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock worth $18,868,000 after buying an additional 42,666 shares during the last quarter. Caxton Associates LLP purchased a new stake in BellRing Brands during the 1st quarter valued at approximately $278,000. Northwestern Mutual Wealth Management Co. lifted its position in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after acquiring an additional 373 shares during the period. EverSource Wealth Advisors LLC lifted its position in BellRing Brands by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,595 shares of the company’s stock worth $92,000 after acquiring an additional 755 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of BellRing Brands by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 226,101 shares of the company’s stock valued at $13,098,000 after purchasing an additional 9,179 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Stock Down 46.3%

The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 6.67, a price-to-earnings-growth ratio of 5.57 and a beta of 0.74. The stock has a fifty day moving average price of $16.79 and a 200-day moving average price of $23.65.

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.