BellRing Brands (NYSE:BRBR) Trading Down 5.7% – Time to Sell?

Shares of BellRing Brands Inc. (NYSE:BRBR) traded down 5.7% during mid-day trading on Wednesday . The company traded as low as $10.88 and last traded at $10.89. Approximately 739,626 shares were traded during mid-day trading, a decline of 84% from the average session volume of 4,678,604 shares. The stock had previously closed at $11.55.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BRBR. Barclays lifted their target price on shares of BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Zacks Research raised shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Stifel Nicolaus increased their price objective on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Stephens reissued an “overweight” rating and set a $20.00 price objective on shares of BellRing Brands in a research report on Thursday, July 9th. Finally, TD Cowen boosted their target price on BellRing Brands from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BellRing Brands presently has a consensus rating of “Hold” and an average target price of $19.82.

BellRing Brands Stock Performance

The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 6.67 and a beta of 0.45. The firm’s 50 day moving average is $11.56 and its 200-day moving average is $14.53.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BRBR. Larson Financial Group LLC grew its holdings in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares during the last quarter. Danske Bank A S bought a new position in shares of BellRing Brands in the third quarter valued at approximately $29,000. IFP Advisors Inc lifted its stake in shares of BellRing Brands by 124.3% in the third quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock worth $38,000 after buying an additional 573 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of BellRing Brands by 333.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,856 shares of the company’s stock worth $50,000 after buying an additional 1,428 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of BellRing Brands by 578.9% in the fourth quarter. Signaturefd LLC now owns 1,901 shares of the company’s stock worth $51,000 after buying an additional 1,621 shares during the last quarter. 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.