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BellRing Brands
(NYSE:BRBR)
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Rating:59Neutral
Price Target:
$13.50
▲(4.25% Upside)
Action:Reiterated
Date:08/05/26
BRBR’s score is held back primarily by financial risk from a weak balance sheet (persistent negative equity and sizable debt) and recent margin compression with cooling free cash flow. Offsetting factors include a relatively low P/E (~9.46) and management’s outlined actions from the latest call (pricing, productivity savings, and innovation) to address identified headwinds, while technical indicators remain mixed and do not show a strong trend.
Positive Factors
Market-leading Premier brand penetration
Premier’s ~23% household penetration and category-leading repeat rates indicate durable brand loyalty and consistent consumption. That market leadership supports stable retail placement, predictable demand and higher promotional ROI, underpinning revenue resilience and easier reintroduction of pricing over the next 2–6 months.
Negative Factors
Weak balance sheet and negative equity
Persistent negative equity and roughly $1.14B of debt materially reduce financial flexibility and increase refinancing risk. With limited equity cushion, adverse operating swings or slower margin recovery could force costly refinancing, constrain strategic investments, or require more aggressive cost cuts over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Market-leading Premier brand penetration
Premier’s ~23% household penetration and category-leading repeat rates indicate durable brand loyalty and consistent consumption. That market leadership supports stable retail placement, predictable demand and higher promotional ROI, underpinning revenue resilience and easier reintroduction of pricing over the next 2–6 months.
Read all positive factors
BellRing Brands (BRBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.44B
Dividend YieldN/A
Average Volume (3M)5.82M
Price to Earnings (P/E)9.5
Beta (1Y)0.38
Revenue Growth6.37%
EPS Growth-40.20%
CountryUS
Employees530
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.43
Shares Outstanding116,277,850
10 Day Avg. Volume3,481,827
30 Day Avg. Volume5,816,601
Financial Highlights & Ratios
PEG Ratio-2.13
Price to Book (P/B)-10.16
Price to Sales (P/S)1.99
P/FCF Ratio18.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$14.86Price Target Upside14.78% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)1.25
Revenue Forecast (FY)$2.34B
BellRing Brands Business Overview & Revenue Model
Company Description
BellRing Brands Inc., along with its various subsidiaries, is a provider of diverse nutritional products, serving both the United States and international markets. The company's main offerings are protein-fortified ready-to-drink shakes and powder...
How the Company Makes Money
BellRing makes money by selling branded convenient nutrition products to retailers, club stores, and other distribution partners, with revenue primarily generated from product sales of protein shakes, powders, and bars. A major portion of sales co...
BellRing Brands Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q3-2026)
| Next Earnings Date:Nov 23, 2026
Earnings Call Sentiment Neutral
The call balanced clear strengths — modest top-line growth, strong brand fundamentals (Premier penetration and repeat rates), Dymatize outperformance, new product innovation and decisive management actions — against material near-term headwinds including significant margin compression from input, freight and tariff inflation, inventory-related charges, promotional pressure and execution gaps. Management outlined pricing, productivity, channel diversification and supply chain initiatives to address these issues and expects margin recovery beginning in fiscal 2027, but near-term guidance incorporates the identified headwinds.Positive Updates
Leadership Transition and Strategic Commitment
New CEO Michael Axelrod (7 days into role) brings 30 years of CPG experience and emphasized priorities: stronger execution, faster decision-making and disciplined investment to capture long-term growth.
Negative Updates
Significant Margin Compression
Adjusted gross margin declined to 27.7% in Q3 from 35.1% a year ago (down ~740 basis points). Adjusted EBITDA guidance cut to $275M–$295M (~12% margin) for FY2026; Q4 adjusted EBITDA margin expected at ~10%.
Read all updates
Q3-2026 Updates
Positive
Negative
Leadership Transition and Strategic Commitment
New CEO Michael Axelrod (7 days into role) brings 30 years of CPG experience and emphasized priorities: stronger execution, faster decision-making and disciplined investment to capture long-term growth.
Read all positive updates
Company Guidance
Management updated FY2026 guidance to net sales of $2.335–$2.375 billion (growth 1%–3%) and adjusted EBITDA of $275–$295 million (≈12% margin), while calling out $28 million of inventory‑related headwinds (≈$21 million already recorded in Q2–Q3) and an 80‑bp tariff drag; freight increases are expected to pressure H2 margins by ~140 bps and Q4 adjusted EBITDA margin is guided to ≈10%. Q4 net sales are expected flat at the midpoint with Premier up low single digits (powders ≈100‑bp headwind), RTD shake volumes up double digits but unfavorable price/mix from promotion, Premier shake consumption up mid‑single digits and Dymatize/all‑other down mid‑single digits. Q3 results: net sales +4%; Premier RTD sales +1% (volume +3%, price/mix −2%, dollar consumption +6%); Dymatize sales +27% (vol +6%, price/mix +21%); adjusted gross profit $158M (adj. gross margin 27.7% vs. 35.1% LY); SG&A $94M (16.4% of sales, includes $7M ad increase and $5M restructuring); operating cash flow Q3 $79M; net leverage 3.2x (expected ≈4x year‑end). Management will implement double‑digit shake price increases and powder pricing in Q1 FY27 (elasticity >1), target $10–12M of annualized cost savings, and continue ~4% of sales in advertising.BellRing Brands Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.35B | 2.32B | 2.00B | 1.67B | 1.37B | 1.25B |
| Gross Profit | 642.90M | 770.40M | 707.30M | 530.20M | 421.80M | 386.20M |
| EBITDA | 326.70M | 376.00M | 424.20M | 315.60M | 216.10M | 220.10M |
| Net Income | 171.40M | 216.20M | 246.50M | 165.50M | 82.30M | 27.60M |
Balance Sheet | ||||||
| Total Assets | 1.05B | 941.00M | 837.00M | 691.60M | 707.20M | 696.50M |
| Cash, Cash Equivalents and Short-Term Investments | 50.40M | 89.10M | 71.10M | 48.40M | 35.80M | 152.60M |
| Total Debt | 1.14B | 1.11B | 839.60M | 865.00M | 938.00M | 608.40M |
| Total Liabilities | 1.52B | 1.39B | 1.04B | 1.02B | 1.08B | 762.00M |
| Stockholders Equity | -467.20M | -453.90M | -205.90M | -323.50M | -376.20M | -3.06B |
Cash Flow | ||||||
| Free Cash Flow | 225.00M | 255.90M | 197.80M | 213.80M | 19.20M | 224.50M |
| Operating Cash Flow | 234.10M | 260.60M | 199.60M | 215.60M | 21.00M | 226.10M |
| Investing Cash Flow | -9.10M | -4.70M | -1.80M | -1.80M | -1.80M | -1.60M |
| Financing Cash Flow | -229.40M | -238.30M | -175.10M | -201.70M | -135.00M | -120.90M |
BellRing Brands Technical Analysis
Neutral
12.95
Price Trends
11.12
Positive
12.90
Negative
19.47
Negative
Market Momentum
0.37
Positive
53.33
Neutral
39.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRBR, the sentiment is Neutral. The current price of 12.95 is above the 20-day moving average (MA) of 12.68, above the 50-day MA of 11.12, and below the 200-day MA of 19.47, indicating a neutral trend. The MACD of 0.37 indicates Positive momentum. The RSI at 53.33 is Neutral, neither overbought nor oversold. The STOCH value of 39.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BRBR.
BellRing Brands Risk Analysis
BellRing Brands disclosed 48 risk factors in its most recent earnings report. BellRing Brands reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
BellRing Brands Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $2.93B | 16.72 | 17.35% | 3.69% | 2.85% | 3.89% | |
63 Neutral | $4.14B | 14.04 | 9.40% | ― | 7.16% | 6.00% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | $1.44B | 9.46 | -12.35% | ― | 6.37% | -40.20% | |
58 Neutral | $6.94B | -3.63 | -24.31% | 9.48% | -2.85% | -265.99% | |
57 Neutral | $900.53M | -4.69 | -12.33% | ― | -4.48% | -250.67% | |
53 Neutral | $1.49B | 20.06 | 5.34% | 11.21% | 3.80% | -68.17% |
* Consumer Defensive Sector Average
BRBR
BellRing Brands
12.61
-26.34
-67.63%
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BellRing Brands Corporate Events
Business Operations and StrategyExecutive/Board Changes
BellRing Brands appoints new CEO to drive growth
Positive
Jul 8, 2026
On July 8, 2026, BellRing Brands appointed veteran consumer packaged goods executive Michael Axelrod as its next President and Chief Executive Officer, effective July 29, 2026, and named him to the board. He succeeds long-time leader Darcy Davenpo...
Business Operations and Strategy
BellRing Brands Announces Workforce Realignment to Boost Efficiency
Negative
Jun 24, 2026
On June 24, 2026, BellRing Brands approved a workforce realignment as part of its efforts to streamline operations and enhance financial and operational efficiency. The plan is expected to generate annualized pre-tax operating expense savings of a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.