BellRing Brands (NYSE:BRBR) Trading Down 4.3% – Here’s Why

BellRing Brands, Inc. (NYSE:BRBR) was down 4.3% during mid-day trading on Tuesday . The stock traded as low as $73.75 and last traded at $74.89. Approximately 677,294 shares were traded during trading, a decline of 37% from the average daily volume of 1,083,091 shares. The stock had previously closed at $78.25.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Evercore ISI upped their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen boosted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup increased their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.87.

BellRing Brands Stock Performance

The company has a market cap of $9.95 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The company’s 50 day moving average price is $75.94 and its 200 day moving average price is $66.31.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping 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%. On average, equities research analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors have recently modified their holdings of BRBR. Aigen Investment Management LP boosted its holdings in shares of BellRing Brands by 5.9% during the 4th quarter. Aigen Investment Management LP now owns 13,943 shares of the company’s stock worth $1,050,000 after buying an additional 772 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $4,660,000. Atria Investments Inc increased its stake in shares of BellRing Brands by 21.6% in the fourth quarter. Atria Investments Inc now owns 12,439 shares of the company’s stock worth $937,000 after purchasing an additional 2,212 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of BellRing Brands by 18.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company’s stock worth $159,000 after purchasing an additional 332 shares during the last quarter. Finally, DJE Kapital AG bought a new stake in BellRing Brands during the 4th quarter valued at approximately $3,434,000. 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.