BellRing Brands Inc Class A (BRBR)
NYSE:BRBR
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BellRing Brands
(NYSE:BRBR)
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Rating:57Neutral
Price Target:
$16.50
▲(4.90% Upside)
Action:ReiteratedDate:02/25/26
The score is driven primarily by mixed fundamentals: strong revenue and cash generation but a notably risky balance sheet (negative equity, higher debt) and margin compression. Technicals are a clear drag with the stock in a pronounced downtrend despite oversold readings. Valuation is reasonable on P/E, while the earnings call was constructive on guidance and buybacks but tempered by near-term margin headwinds and competitive/promotional pressure.
Positive Factors
Sustained revenue growth
BellRing’s top line shows durable expansion — TTM revenue grew ~19% and multiyear growth from $1.25B to ~$2.32B — reflecting broad channel distribution and demand for Premier and Dymatize. Persistent scale supports retailer access, manufacturing leverage, and funding for marketing and innovation.
Negative Factors
Highly leveraged balance sheet with negative equity
Negative equity (~-$511M) and ~$1.18B of debt against ~$1.06B of assets create a highly leveraged capital structure. This materially reduces financial flexibility, heightens refinancing and covenant risk, and limits the firm's ability to absorb shocks or pursue sizable M&A without additional capital actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
BellRing’s top line shows durable expansion — TTM revenue grew ~19% and multiyear growth from $1.25B to ~$2.32B — reflecting broad channel distribution and demand for Premier and Dymatize. Persistent scale supports retailer access, manufacturing leverage, and funding for marketing and innovation.
Read all positive factors
BellRing Brands (BRBR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.84B
Dividend YieldN/A
Average Volume (3M)3.46M
Price to Earnings (P/E)18.2
Beta (1Y)0.76
Revenue Growth16.05%
EPS Growth-10.17%
CountryUS
Employees485
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)0.37
Shares Outstanding117,269,520
10 Day Avg. Volume3,397,998
30 Day Avg. Volume3,459,006
Financial Highlights & Ratios
PEG Ratio-2.12
Price to Book (P/B)-10.16
Price to Sales (P/S)1.99
P/FCF Ratio18.03
Enterprise Value/Market Cap1.60
Enterprise Value/Revenue1.27
Enterprise Value/Gross Profit4.04
Enterprise Value/Ebitda9.04
Forecast
1Y Price Target
$29.54Price Target Upside87.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)1.91
Revenue Forecast (FY)$2.41B
BellRing Brands Business Overview & Revenue Model
Company Description
BellRing Brands, Inc., together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands...
How the Company Makes Money
BellRing makes money by manufacturing (directly and/or through third-party co-manufacturers) and selling branded convenient nutrition products—primarily RTD protein shakes, protein powders, and nutrition bars—under its Premier Protein and Dymatize...
BellRing Brands Earnings Call Summary
Earnings Call Date:Feb 03, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: operational momentum, brand strength, product innovation, and deliberate investments underpin confidence in the medium-term growth story (narrowed FY guidance, continued repurchases, strong campaign and merchandising starts). However, sizeable margin pressure from commodity inflation, tariffs, a significant adjusted gross margin decline (~730 bps ex-hedges), promotional intensity from insurgent competitors (notably in club), and near-term EBITDA margin compression (Q2 ~13%) temper the outlook. Management expects an acceleration in growth and margin improvement in the second half driven by distribution, advertising, innovation and cost savings, making the narrative constructive but mixed in the near term.Positive Updates
Company Revenue and Quarterly Results
Total BellRing net sales for Q1 were $537 million, up 1% year-over-year. Adjusted EBITDA for the quarter was $90 million with a margin of 16.8%. Gross profit was $161 million with a gross margin of 29.9%.
Negative Updates
Premier Quarterly Consumption Decline
Premier RTD shake consumption was down 2% in Q1 (lapping +23% in FY25) and Premier net sales were down 1% for the quarter. Consumption performance was slightly below prior outlook due to delays in mass retailer promo activation and higher-than-expected promotional activity from insurgent brands.
Read all updates
Q1-2026 Updates
Positive
Negative
Company Revenue and Quarterly Results
Total BellRing net sales for Q1 were $537 million, up 1% year-over-year. Adjusted EBITDA for the quarter was $90 million with a margin of 16.8%. Gross profit was $161 million with a gross margin of 29.9%.
Read all positive updates
Company Guidance
The company narrowed fiscal 2026 net sales guidance to $2.41–$2.46 billion (up 4–6%) and raised adjusted EBITDA guidance to $425–$440 million (about an 18% margin), reflecting updated consumption assumptions and higher whey and tariff costs; Q1 net sales were $537 million (+1%) with adjusted EBITDA of $90 million (16.8% margin), gross profit $161 million (29.9% gross margin) and adjusted gross margin down ~730 bps ex-hedges. Management expects Q2 net sales growth of ~3–4% with a Q2 adjusted EBITDA margin of ~13%, H1 adjusted EBITDA margin of ~15% and significant sequential margin improvement in H2; Premier net sales were down 1% (Premier RTD consumption -2% in Q1, January consumption +6% all channels / +16% ex-club), Dymatize sales outperformed (up double digits internationally), tariffs are expected to drag ~80 bps of gross margin, mix pressure of ~300 bps is embedded at the midpoint, advertising run-rate ~4% of sales, net leverage was 2.5x and the company repurchased $97 million of stock in Q1.BellRing Brands Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
28
Negative
Cash Flow
64
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.32B | 2.32B | 2.00B | 1.67B | 1.37B | 1.25B |
| Gross Profit | 729.10M | 770.40M | 707.30M | 530.20M | 421.80M | 386.20M |
| EBITDA | 325.70M | 376.00M | 424.20M | 315.60M | 216.10M | 220.10M |
| Net Income | 183.00M | 216.20M | 246.50M | 165.50M | 82.30M | 27.60M |
Balance Sheet | ||||||
| Total Assets | 1.06B | 941.00M | 837.00M | 691.60M | 707.20M | 696.50M |
| Cash, Cash Equivalents and Short-Term Investments | 64.10M | 89.10M | 71.10M | 48.40M | 35.80M | 152.60M |
| Total Debt | 1.18B | 1.11B | 839.60M | 865.00M | 938.00M | 608.40M |
| Total Liabilities | 1.57B | 1.39B | 1.04B | 1.02B | 1.08B | 762.00M |
| Stockholders Equity | -510.70M | -453.90M | -205.90M | -323.50M | -376.20M | -3.06B |
Cash Flow | ||||||
| Free Cash Flow | 246.90M | 255.90M | 197.80M | 213.80M | 19.20M | 224.50M |
| Operating Cash Flow | 254.50M | 260.60M | 199.60M | 215.60M | 21.00M | 226.10M |
| Investing Cash Flow | -7.60M | -4.70M | -1.80M | -1.80M | -1.80M | -1.60M |
| Financing Cash Flow | -220.40M | -238.30M | -175.10M | -201.70M | -135.00M | -120.90M |
BellRing Brands Technical Analysis
Negative
15.73
Price Trends
18.28
Negative
23.26
Negative
32.72
Negative
Market Momentum
-0.79
Negative
40.83
Neutral
47.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BRBR, the sentiment is Negative. The current price of 15.73 is below the 20-day moving average (MA) of 16.52, below the 50-day MA of 18.28, and below the 200-day MA of 32.72, indicating a bearish trend. The MACD of -0.79 indicates Negative momentum. The RSI at 40.83 is Neutral, neither overbought nor oversold. The STOCH value of 47.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $3.96B | 19.06 | 17.97% | 2.35% | 3.16% | 6.47% | |
64 Neutral | $1.33B | 19.23 | 5.04% | ― | 8.98% | -26.29% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $4.87B | 13.23 | 8.49% | ― | 2.97% | -2.68% | |
57 Neutral | $1.84B | 18.24 | -47.89% | ― | 16.05% | -10.17% | |
54 Neutral | $7.45B | 11.30 | -0.51% | 7.87% | -5.82% | -119.70% | |
52 Neutral | $1.71B | 27.30 | 6.02% | 9.15% | 0.26% | -19.45% |
* Consumer Defensive Sector Average
BRBR
BellRing Brands
15.73
-58.28
-78.75%
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15.58
-8.12
-34.25%
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14.41
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-60.27%
MZTI
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144.38
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101.54
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BellRing Brands Corporate Events
Business Operations and StrategyExecutive/Board Changes
BellRing Brands Grants Special RSUs Amid CEO Transition
Positive
Feb 23, 2026
On February 19, 2026, BellRing Brands, Inc. approved a special grant of restricted stock units for several named executive officers, including the chief financial, growth, legal and supply chain officers, with grant date fair values ranging from a...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial Disclosures
BellRing Brands CEO retirement and Q1 2026 results
Negative
Feb 3, 2026
On February 2, 2026, BellRing Brands President and CEO Darcy H. Davenport notified the board of her intention to retire, effective upon the appointment of a successor or by September 30, 2026, with the company stating her departure is not related ...
Executive/Board ChangesShareholder Meetings
BellRing Brands Shareholders Back Board and Governance Plans
Positive
Feb 2, 2026
On January 28, 2026, BellRing Brands, Inc. held its annual meeting of stockholders virtually via live audio-only webcast, with 84.74% of outstanding shares represented, and stockholders elected all director nominees to serve until the 2027 annual ...
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.