BellRing Brands (NYSE:BRBR) Hits New 1-Year Low – Here’s What Happened
by Jessica Moore · The Cerbat GemBellRing Brands Inc. (NYSE:BRBR – Get Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $8.97 and last traded at $9.1870, with a volume of 2088670 shares. The stock had previously closed at $9.26.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on BRBR shares. BTIG Research started coverage on shares of BellRing Brands in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.00 price objective (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. TD Cowen dropped their price objective on shares of BellRing Brands from $17.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Jefferies Financial Group dropped their price objective on shares of BellRing Brands from $38.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, March 16th. Finally, Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $35.00 to $11.00 in a report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.47.
Read Our Latest Analysis on BRBR
BellRing Brands Stock Performance
The stock’s fifty day moving average is $14.82 and its two-hundred day moving average is $21.72. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 4.40 and a beta of 0.74.
BellRing Brands (NYSE:BRBR – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.17). The firm had revenue of $598.70 million during the quarter, compared to analyst estimates of $608.88 million. BellRing Brands had a negative return on equity of 44.06% and a net margin of 6.78%.The firm’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS. Sell-side analysts predict that BellRing Brands Inc. will post 1.23 earnings per share for the current year.
Insider Transactions at BellRing Brands
In related news, Director David Isaiah Finkelstein bought 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $9.23 per share, for a total transaction of $36,920.00. Following the transaction, the director directly owned 13,326 shares of the company’s stock, valued at approximately $122,998.98. This represents a 42.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BellRing Brands
A number of institutional investors and hedge funds have recently bought and sold shares of BRBR. Larson Financial Group LLC grew its position in BellRing Brands by 128.7% in the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after buying an additional 524 shares in the last quarter. Danske Bank A S bought a new position in shares of BellRing Brands during the 3rd quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of BellRing Brands during the 3rd quarter valued at about $35,000. IFP Advisors Inc boosted its position in shares of BellRing Brands by 124.3% during the 3rd quarter. IFP Advisors Inc now owns 1,034 shares of the company’s stock valued at $38,000 after purchasing an additional 573 shares in the last quarter. Finally, CI Investments Inc. boosted its position in shares of BellRing Brands by 439.1% during the 3rd quarter. CI Investments Inc. now owns 1,159 shares of the company’s stock valued at $42,000 after purchasing an additional 944 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.
About BellRing Brands
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.