BellRing Brands (NYSE:BRBR) Trading Down 4.3% – Should You Sell?

BellRing Brands, Inc. (NYSE:BRBR)’s share price fell 4.3% on Tuesday . The company traded as low as $73.75 and last traded at $74.89. 677,294 shares were traded during trading, a decline of 37% from the average session volume of 1,083,091 shares. The stock had previously closed at $78.25.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Bank of America lifted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $77.13.

BellRing Brands Price Performance

The business’s 50 day moving average is $76.03 and its two-hundred day moving average is $66.06. The firm has a market capitalization of $9.68 billion, a PE ratio of 40.20, a P/E/G ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. Analysts expect that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the 3rd quarter worth $31,000. Farther Finance Advisors LLC grew its holdings in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares in the last quarter. UMB Bank n.a. lifted its position in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of BellRing Brands in the 3rd quarter valued at about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of BellRing Brands during the fourth quarter worth about $52,000. Institutional investors own 94.97% of the company’s stock.

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.