BellRing Brands (BRBR) AI Stock Analysis

• Market Cap: $4.59B
• Dividend Yield: N/A
• Average Volume (3M): 3.00M
• Price to Earnings (P/E): 22.3
• Beta (1Y): 0.86
• Revenue Growth: 16.27%
• EPS Growth: 5.13%
• Country: US
• Employees: 485
• Sector: Consumer Defensive
• Sector Strength: 65
• Industry: Packaged Foods
• EPS (TTM): 0.55
• Shares Outstanding: 126,996,710
• 10 Day Avg. Volume: 4,175,489
• 30 Day Avg. Volume: 2,998,148
• PEG Ratio: 0.61
• Price to Book (P/B): -38.43
• Price to Sales (P/S): 3.96
• P/FCF Ratio: 40.00
• Enterprise Value/Market Cap: 1.82
• Enterprise Value/Revenue: 3.76
• Enterprise Value/Gross Profit: 10.62
• Enterprise Value/Ebitda: 22.79
• 1Y Price Target: $56.92
• Price Target Upside: 45.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 58 Neutral
• Price Target: $41.00 ▲(4.70% Upside)

BellRing Brands' overall score is driven by strong revenue growth and strategic brand performance, as highlighted in the earnings call. However, significant financial risks due to high leverage and weakened cash flow generation, along with bearish technical indicators, weigh down the score. The stock's moderate valuation provides some support, but the absence of a dividend yield may deter certain investors.

Positive Factors

Brand Metrics

Premier Protein continues to post record brand metrics, with household penetration reaching 21.6%.

Market Position

Premier Protein’s leading market share position in the attractive convenient market is a favorable factor for BellRing.

Negative Factors

Competitive Pressure

Increased competition in RTD is creating noise, making BRBR's execution around innovation all the more important.

Guidance and Sentiment

The company disappointed investors by narrowing their guidance range to 14-16%, primarily due to their cautiousness about heightened competitive intensity at their largest customer.

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. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels. BellRing Brands, Inc. was incorporated in 2019 and is headquartered in Saint Louis, Missouri.

How the Company Makes Money

BellRing Brands generates revenue primarily through the sale of its branded nutrition products, which are distributed across a variety of channels including club stores, e-commerce platforms, convenience stores, and other retail outlets. The company's key revenue streams come from the sales of its ready-to-drink protein shakes, protein powders, and nutrition bars. BellRing Brands leverages strong brand recognition and strategic partnerships with retailers and distributors to maximize its market reach. Additionally, the company invests in marketing and product innovation to drive consumer demand and expand its customer base, which is a significant factor contributing to its earnings.

BellRing Brands Financial Statement Overview

Summary

BellRing Brands shows strong revenue and profit growth with improved margins. However, financial stability is a concern due to high leverage and negative equity. Effective cash flow management is a positive, but high debt servicing could impact future cash availability.

Income Statement

BellRing Brands exhibits strong revenue growth with a significant increase from $1,371.5 million in 2022 to $2,192.1 million in the TTM (Trailing-Twelve-Months). The gross profit margin has improved from 30.8% in 2022 to 35.8% in TTM, indicating better cost management or pricing power. The net profit margin increased from 8.5% to 12.8% within the same period, demonstrating enhanced profitability. However, the reliance on high leverage could pose a risk if revenue growth slows.

Balance Sheet

The balance sheet shows high leverage with a negative stockholders' equity of -$254.1 million as of TTM. The debt-to-equity ratio is not calculable due to negative equity, indicating potential financial risk. Despite this, the equity ratio has improved slightly due to asset growth. However, the persistent negative equity points to financial instability, necessitating careful monitoring.

Cash Flow

Operating cash flow has remained positive and relatively stable, and free cash flow has shown growth, moving from $19.2 million in 2022 to $157.1 million in TTM. The free cash flow to net income ratio is healthy, suggesting effective cash conversion. Nonetheless, the high financing cash outflow indicates significant debt servicing, which could impact future cash availability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.22B	2.00B	1.67B	1.37B	1.25B	988.30M
Gross Profit	788.10M	707.30M	530.20M	421.80M	386.20M	338.00M
EBITDA	367.30M	387.70M	315.60M	248.20M	217.60M	189.30M
Net Income	228.30M	246.50M	165.50M	116.00M	114.40M	100.10M
Balance Sheet
Total Assets	993.70M	837.00M	691.60M	707.20M	696.50M	653.50M
Cash, Cash Equivalents and Short-Term Investments	43.70M	71.10M	48.40M	35.80M	152.60M	48.70M
Total Debt	1.01B	833.10M	856.80M	929.50M	597.50M	686.40M
Total Liabilities	1.30B	1.04B	1.02B	1.08B	762.00M	814.50M
Stockholders Equity	-309.90M	-205.90M	-323.50M	-376.20M	-3.06B	-2.18B
Cash Flow
Free Cash Flow	38.90M	197.80M	213.80M	19.20M	224.50M	95.10M
Operating Cash Flow	40.10M	199.60M	215.60M	21.00M	226.10M	97.20M
Investing Cash Flow	-4.90M	-1.80M	-1.80M	-1.80M	-1.60M	-2.10M
Financing Cash Flow	-144.90M	-175.10M	-201.70M	-135.00M	-120.90M	-52.60M

BellRing Brands Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 39.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

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 39.16 is below the 20-day moving average (MA) of 53.24, below the 50-day MA of 57.24, and below the 200-day MA of 68.71, indicating a bearish trend. The MACD of -4.29 indicates Positive momentum. The RSI at 22.08 is Positive, neither overbought nor oversold. The STOCH value of 17.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BRBR.

BellRing Brands Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
POST	72 Outperform	$5.71B	18.56	9.15%	―	1.48%	9.36%
CAG	70 Outperform	$9.04B	7.88	13.27%	7.27%	-3.64%	231.77%
LW	69 Neutral	$7.41B	21.24	20.26%	2.82%	-0.25%	-49.73%
CPB	65 Neutral	$9.73B	21.56	11.67%	4.68%	8.65%	-38.57%
Sector *	63 Neutral	$20.32B	12.52	-7.33%	3.14%	2.92%	-10.01%
BRBR	58 Neutral	$4.59B	22.26	-190.65%	―	16.27%	5.13%
SJM	56 Neutral	$11.69B	22.22	-17.87%	3.89%	6.69%	-261.87%

BellRing Brands Corporate Events

BellRing Brands Announces Board Leadership Changes

On July 30, 2025, Elliot H. Stein, Jr. announced his resignation from the Board of Directors of BellRing Brands, Inc., effective September 30, 2026. His departure was not due to any disagreements with the company. The Board has made several changes to its leadership and committee assignments, effective immediately, to ensure a smooth transition of responsibilities. Thomas P. Erickson has been appointed as the lead independent director, Shawn W. Conway as Chair of the Compensation and Corporate Governance Committee, and Jennifer Kuperman as a member of the Executive Committee. These changes are part of the Board’s regular review process to align roles with the skills and experience of its members.

The most recent analyst rating on (BRBR) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on BellRing Brands stock, see the BRBR Stock Forecast page.