BellRing Brands (NYSE:BRBR) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

BellRing Brands (NYSE:BRBR) announced its earnings results on Tuesday. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03), Zacks reports. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company had revenue of $648.20 million for the quarter, compared to the consensus estimate of $633.21 million. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. BellRing Brands updated its FY 2026 guidance to EPS.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $26.31 on Wednesday. The firm has a fifty day moving average of $33.17 and a 200-day moving average of $46.77. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.49 and a beta of 0.70. BellRing Brands has a 52-week low of $22.45 and a 52-week high of $80.67.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BRBR shares. Truist Financial reduced their price objective on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, August 6th. Jefferies Financial Group reissued a “buy” rating on shares of BellRing Brands in a research report on Wednesday. UBS Group dropped their price objective on BellRing Brands from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Stephens upgraded BellRing Brands from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. Finally, Sanford C. Bernstein initiated coverage on BellRing Brands in a research report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price target on the stock. Fourteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new position in BellRing Brands in the third quarter valued at about $98,944,000. AQR Capital Management LLC grew its holdings in shares of BellRing Brands by 253.9% during the third quarter. AQR Capital Management LLC now owns 3,748,812 shares of the company’s stock worth $136,269,000 after purchasing an additional 2,689,664 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of BellRing Brands by 30.5% in the third quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock valued at $245,363,000 after buying an additional 1,575,812 shares during the last quarter. Marshall Wace LLP bought a new position in shares of BellRing Brands in the third quarter valued at about $49,584,000. Finally, Hook Mill Capital Partners LP acquired a new position in BellRing Brands during the 3rd quarter worth about $27,452,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands announced that its Board of Directors has initiated a stock buyback plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.