BellRing Brands (NYSE:BRBR) Shares Down 7% – Time to Sell?

by · The Markets Daily

BellRing Brands Inc. (NYSE:BRBR – Get Free Report)’s share price fell 7% during mid-day trading on Tuesday . The stock traded as low as $30.71 and last traded at $30.4830. 1,665,521 shares changed hands during trading, a decline of 35% from the average session volume of 2,559,127 shares. The stock had previously closed at $32.78.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several recent analyst reports. Morgan Stanley reduced their target price on shares of BellRing Brands from $43.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 19th. Sanford C. Bernstein assumed coverage on BellRing Brands in a research report on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price objective on the stock. Cowen cut BellRing Brands from a “buy” rating to a “hold” rating in a report on Thursday, November 20th. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Finally, UBS Group reissued a “neutral” rating and set a $34.00 price objective on shares of BellRing Brands in a research note on Friday, November 28th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.75.

Check Out Our Latest Analysis on BellRing Brands

BellRing Brands Stock Performance

The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 4.01 and a beta of 0.67. The business has a 50-day simple moving average of $30.83 and a two-hundred day simple moving average of $41.99.

BellRing Brands (NYSE:BRBR – Get Free Report) last announced its quarterly earnings data on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $648.20 million during the quarter, compared to the consensus estimate of $633.21 million. BellRing Brands had a negative return on equity of 95.87% and a net margin of 9.33%.The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands declared that its board has authorized a stock buyback program on Tuesday, September 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at BellRing Brands

In related news, insider Douglas J. Cornille sold 3,970 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $30.93, for a total transaction of $122,792.10. Following the transaction, the insider directly owned 54,812 shares of the company’s stock, valued at approximately $1,695,335.16. The trade was a 6.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.07% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently bought and sold shares of the company. Capital Research Global Investors acquired a new stake in shares of BellRing Brands during the third quarter valued at about $172,312,000. Alyeska Investment Group L.P. bought a new stake in shares of BellRing Brands in the 3rd quarter valued at about $98,944,000. AQR Capital Management LLC increased its stake in shares of BellRing Brands by 253.9% in the third quarter. AQR Capital Management LLC now owns 3,748,812 shares of the company’s stock valued at $136,269,000 after buying an additional 2,689,664 shares during the period. William Blair Investment Management LLC bought a new position in shares of BellRing Brands during the second quarter worth about $124,777,000. Finally, Axiom Investors LLC DE boosted its position in BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock valued at $167,455,000 after acquiring an additional 1,814,811 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

BellRing Brands Company Profile

(Get Free Report)

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.

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