The price-to-earnings ratio for Bellring Brands Inc (NYSE: BRBR) is above average at 34.69x, Company’s 36-month beta value is 0.83.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BRBR is 129.29M, and currently, short sellers hold a 4.36% ratio of that floaft. The average trading volume of BRBR on July 24, 2024 was 1.52M shares.
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BRBR) stock’s latest price update
The stock price of Bellring Brands Inc (NYSE: BRBR) has dropped by -1.73 compared to previous close of 50.77. Despite this, the company has seen a fall of -3.43% in its stock price over the last five trading days. globenewswire.com reported 2024-07-09 that ST. LOUIS, July 09, 2024 (GLOBE NEWSWIRE) — BellRing Brands, Inc. (NYSE:BRBR) today announced it will hold a conference call on Tuesday, August 6, 2024 at 9:00 a.m. EDT to discuss financial results for the third quarter of fiscal year 2024 and fiscal year 2024 outlook and to respond to questions. Darcy H. Davenport, President and Chief Executive Officer, and Paul A. Rode, Chief Financial Officer, will participate in the call. BellRing also announced it plans to release its financial results for the third quarter after market close on Monday, August 5, 2024.
BRBR’s Market Performance
Bellring Brands Inc (BRBR) has experienced a -3.43% fall in stock performance for the past week, with a -10.97% drop in the past month, and a -9.42% drop in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are at 3.18% for BRBR. The simple moving average for the past 20 days is -10.25% for BRBR’s stock, with a -8.14% simple moving average for the past 200 days.
Analysts’ Opinion of BRBR
Many brokerage firms have already submitted their reports for BRBR stocks, with Deutsche Bank repeating the rating for BRBR by listing it as a “Buy.” The predicted price for BRBR in the upcoming period, according to Deutsche Bank is $67 based on the research report published on May 23, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see BRBR reach a price target of $64. The rating they have provided for BRBR stocks is “Buy” according to the report published on April 22nd, 2024.
Citigroup gave a rating of “Buy” to BRBR, setting the target price at $67 in the report published on February 01st of the current year.
BRBR Trading at -12.59% from the 50-Day Moving Average
After a stumble in the market that brought BRBR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.50% of loss for the given period.
Volatility was left at 3.18%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -12.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.77% lower at present.
During the last 5 trading sessions, BRBR fell by -3.43%, which changed the moving average for the period of 200-days by +20.77% in comparison to the 20-day moving average, which settled at $55.22. In addition, Bellring Brands Inc saw -9.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BRBR starting from VITALE ROBERT V, who sale 15,000 shares at the price of $60.15 back on May 14 ’24. After this action, VITALE ROBERT V now owns 215,054 shares of Bellring Brands Inc, valued at $902,184 using the latest closing price.
STEIN ELLIOT JR, the Director of Bellring Brands Inc, sale 1,000 shares at $57.81 during a trade that took place back on Feb 07 ’24, which means that STEIN ELLIOT JR is holding 24,646 shares at $57,807 based on the most recent closing price.
Stock Fundamentals for BRBR
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.33 for the gross margin
The net margin for Bellring Brands Inc stands at 0.1. The total capital return value is set at 0.54.
Based on Bellring Brands Inc (BRBR), the company’s capital structure generated 1.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at -3.36. The interest coverage ratio of the stock is 5.07.
Currently, EBITDA for the company is 315.6 million with net debt to EBITDA at 2.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.94. The receivables turnover for the company is 8.04for trailing twelve months and the total asset turnover is 2.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.97.
Conclusion
In a nutshell, Bellring Brands Inc (BRBR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
