BellRing Brands (NYSE:BRBR) Stock Breaks Below Fifty Day Moving Average – Time to Sell?

BellRing Brands Inc. (NYSE:BRBR) shares crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $9.16 and traded as low as $8.94. BellRing Brands shares last traded at $9.0430, with a volume of 2,901,505 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on BellRing Brands from $18.00 to $15.00 and set an “overweight” rating on the stock in a report on Tuesday. Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 14th. TD Cowen decreased their price target on BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. Stifel Nicolaus upped their price target on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, Barclays lowered their price target on BellRing Brands from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, October 16th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, BellRing Brands presently has an average rating of “Hold” and a consensus target price of $18.57.

BellRing Brands Stock Down 2.7%

The company has a market cap of $1.05 billion, a price-to-earnings ratio of 6.37, a price-to-earnings-growth ratio of 4.41 and a beta of 0.43. The company’s fifty day moving average price is $9.16 and its two-hundred day moving average price is $13.46.

BellRing Brands (NYSE:BRBR) last posted its earnings results 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 net margin of 7.28% and a negative return on equity of 33.04%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 EPS. Research analysts forecast that BellRing Brands Inc. will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vise Technologies Inc. acquired a new position in BellRing Brands in the third quarter worth $96,000. State of Wyoming bought a new stake in shares of BellRing Brands during the third quarter worth $51,000. D.A. Davidson & CO. bought a new stake in shares of BellRing Brands during the third quarter worth $275,000. Iridian Asset Management LLC CT increased its stake in shares of BellRing Brands by 56.0% in the third quarter. Iridian Asset Management LLC CT now owns 444,504 shares of the company’s stock valued at $3,418,000 after buying an additional 159,575 shares in the last quarter. Finally, Isthmus Partners LLC raised its holdings in shares of BellRing Brands by 108.5% in the third quarter. Isthmus Partners LLC now owns 284,751 shares of the company’s stock valued at $2,190,000 after buying an additional 148,182 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

About BellRing Brands

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.