BellRing Brands (NYSE:BRBR) Hits New 12-Month Low – Should You Sell?

BellRing Brands Inc. (NYSE:BRBR) hit a new 52-week low during trading on Monday . The company traded as low as $21.67 and last traded at $23.3690, with a volume of 511115 shares trading hands. The stock had previously closed at $24.82.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRBR. Bank of America upped their price objective on shares of BellRing Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. TD Cowen lowered their price target on shares of BellRing Brands from $31.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $48.00 price objective on shares of BellRing Brands in a research note on Wednesday, November 19th. Sanford C. Bernstein began coverage on BellRing Brands in a report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price objective on the stock. Finally, Barclays lowered their target price on BellRing Brands from $44.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, November 19th. Eleven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.75.

BellRing Brands Trading Down 6.8%

The firm has a market cap of $2.77 billion, a PE ratio of 13.83, a PEG ratio of 3.40 and a beta of 0.65. The firm has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $37.92.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The business had revenue of $648.20 million for the quarter, compared to analysts’ expectations of $633.21 million. During the same period last year, the firm posted $0.51 earnings per share. BellRing Brands’s quarterly revenue was up 16.6% on a year-over-year basis. Equities analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,970 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $30.93, for a total value of $122,792.10. Following the completion of the transaction, the insider directly owned 54,812 shares of the company’s stock, valued at $1,695,335.16. This represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Goldman Sachs Group Inc. boosted its holdings in shares of BellRing Brands by 20.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 253,403 shares of the company’s stock valued at $18,868,000 after acquiring an additional 42,666 shares during the last quarter. Caxton Associates LLP purchased a new stake in BellRing Brands in the first quarter worth approximately $278,000. Voya Investment Management LLC grew its position in BellRing Brands by 24.1% in the 1st quarter. Voya Investment Management LLC now owns 248,024 shares of the company’s stock worth $18,468,000 after purchasing an additional 48,140 shares during the period. MRA Advisory Group bought a new stake in BellRing Brands in the 2nd quarter worth approximately $448,000. Finally, Gateway Investment Advisers LLC raised its stake in BellRing Brands by 6.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 19,574 shares of the company’s stock valued at $1,134,000 after buying an additional 1,238 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.