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Bellring Brands Inc

Bellring Brands Inc

BRBR
$9.14USD↓-1.72%-0.16 today

MARKET CAP

1.1B

P/E (TTM)

7.1x

FWD P/E

—

DAY RANGE

$9 – $9

52W RANGE

$8
$39

AI Summary

Stalk
Sell NowMedium

BRBR is entrenched in a bearish phase, with a support failure at 9.14 confirming a Stage 4 downtrend and price trading below declining 9EMA, 20EMA, and 50SMA. Distribution-led volume on down moves and capped bounces into the 20EMA–50SMA zone reinforce medium-term bearish conviction, while short-term momentum remains downward with no clear exhaustion. A decisive reclaim and acceptance above the 20EMA and 50SMA on expanding volume would be required to shift the bias.

  • ↑Q3 net sales $570.4M (+4.2% YoY); Dymatize up 26.7%.
  • ↑Premier Protein 42g Ultimate Shake and Sparkling Soda expand lineup.
  • ↓Q3 adjusted EBITDA margin fell to 12.0% from 15.5% last year.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

BellRing Brands, Inc. (NYSE: BRBR) operates within the ready-to-drink (RTD) protein beverage sector, primarily under its flagship brand Premier Protein and its subsidiary Dymatize. The company is a key player in the growing consumer packaged goods (CPG) category, capitalizing on health and wellness trends. It aims to solidify its market position amid increasing competition and cost pressures while enhancing operational efficiencies. With a strong innovation pipeline, BellRing is well-positioned to leverage shifting consumer preferences towards nutritional products.

Bull says

  • ↑Q3 net sales $570.4M (+4.2% YoY); Dymatize up 26.7%.
  • ↑Premier Protein 42g Ultimate Shake and Sparkling Soda expand lineup.
  • ↑Double-digit price increases planned to counter inflation and support margins.
  • ↑Institutional holdings rising (Ameriprise, AQR), signaling investor confidence.
  • ↑Supply-chain reorganization to save $10–12M annually in costs.
  • ↑Strong earnings yield and liquidity factors support cash flow resilience.

Bear says

  • ↓Q3 adjusted EBITDA margin fell to 12.0% from 15.5% last year.
  • ↓$10M inventory write-downs highlight demand-planning failures and cash risk.
  • ↓17% of RTD shake volumes sold on promotion shows intense competition.
  • ↓P/E of 7.7 reflects market doubts over sustaining growth.
  • ↓Inflation and rival discounts may undercut planned price hikes.
  • ↓Negative profitability, growth, and momentum factors suggest downside risk.

Investment themes with BRBR

Buybacks↓ -0.29%

Companies repurchasing their own shares

C · JCI · WFC

Earnings Call · Q1 2024 · Mgmt. Guidance

Updated 02-06-2025neutral

Transcript signals

Bull points

  • Net sales for the quarter were $430 million and adjusted EBITDA was $101 million, net sales grew 19% over prior year and adjusted EBITDA increased 18% with adjusted EBITDA margin of 23.4%.
  • The margin increase resulted from the input cost deflation, partially offset by incremental promotional activity and lapping production attainment fees received in the prior year.
  • We raised our fiscal '24 guidance for net sales to be $1.87 billion to $1.95 billion and adjusted EBITDA of $375 million to $400 million, indicating strong top line growth of 12% to 17% and adjusted EBITDA growth of 11% to 18% with healthy adjusted EBITDA margins of 20.3%.

Bear points

  • Operating profit of $73 million decreased $2 million compared to prior year and was negatively impacted by $17 million of accelerated amortization, a non-cash expense recorded in connection with our Q4 decision to discontinue the PowerBar North American business.
  • So cost will go up in the third and fourth quarter sequentially, as we go forward.
  • The second quarter should be the biggest impact for pricing as we have significant promotions going on in most of our channels. So, that would certainly be the biggest pricing headwinds from -- as we go through the quarters.
Read full transcript analysis ›