BellRing Brands (BRBR) AI Stock Analysis

• Market Cap: $2.89B
• Dividend Yield: N/A
• Average Volume (3M): 3.42M
• Price to Earnings (P/E): 14.3
• Beta (1Y): 0.64
• Revenue Growth: 16.05%
• EPS Growth: -10.17%
• Country: US
• Employees: 485
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.37
• Shares Outstanding: 118,425,410
• 10 Day Avg. Volume: 3,863,846
• 30 Day Avg. Volume: 3,416,733
• PEG Ratio: -2.12
• Price to Book (P/B): -10.16
• Price to Sales (P/S): 1.99
• P/FCF Ratio: 18.03
• Enterprise Value/Market Cap: 1.25
• Enterprise Value/Revenue: 1.56
• Enterprise Value/Gross Profit: 4.70
• Enterprise Value/Ebitda: 9.99
• 1Y Price Target: $34.85
• Price Target Upside: 42.89% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: $25.00 ▲(2.50% Upside)

The score is primarily held back by balance-sheet risk (negative equity/high leverage) and bearish technicals (price below major moving averages with negative MACD). Offsetting factors include strong cash generation and a moderate P/E, while the latest earnings call supports a mixed outlook: higher full-year EBITDA guidance but meaningful near-term margin compression from inflation, tariffs, and mix.

Positive Factors

Strong free cash flow generation

Sustained, large free cash flow growth increases BellRing's ability to fund innovation, advertising, merchandising, buybacks and debt reduction without diluting equity. Robust cash conversion provides durable financial flexibility to execute long-term growth and return-of-capital plans.

Premier brand market leadership

High market share and record household penetration indicate entrenched brand equity and repeat purchase behavior. This durable competitive advantage supports pricing power, retailer support and distribution depth, helping sustain revenue and defend share against insurgent entrants over the medium term.

Innovation pipeline and international growth

A steady stream of new SKUs and formats plus early RTD success expands addressable occasions and revitalizes core brands. Coupled with Dymatize's international outperformance, innovation and geographic diversification materially broaden growth levers beyond domestic retail cycles.

Negative Factors

Negative shareholders' equity / high leverage

Negative equity and inverted debt-to-equity signal structural balance-sheet risk that constrains financial flexibility. This increases refinancing and covenant sensitivity, limits acquisition currency, and raises risk during demand shocks, making capital allocation and growth more constrained over months.

Material margin pressure from input costs and tariffs

Sustained whey inflation, unfavorable mix and new tariffs create a multi-quarter headwind to gross and EBITDA margins. Persistent input cost elevation forces higher promo or price actions, compresses profitability, and can delay targeted margin recovery despite later cost savings.

Competitive/promotional intensity and channel headwinds

Higher-frequency promotions by insurgent and crossover brands, especially in club channels, risk eroding share and force elevated advertising and trade spend to defend position. Over several quarters this can depress margins and slow sustainable organic growth despite brand investments.

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 protein products across various channels. Its direct-to-consumer revenue comes from online sales through its e-commerce platform, while retail sales are driven through partnerships with major grocery chains, convenience stores, and health clubs. The company benefits from brand loyalty and recognition, which helps maintain strong sales volumes. Additionally, strategic partnerships with retailers enhance distribution efficiency and market reach, contributing significantly to overall earnings. Seasonal promotions and marketing campaigns also play a crucial role in driving sales and expanding customer engagement.

BellRing Brands Financial Statement Overview

Summary

Income statement and cash flow are solid (revenue growth and strong free cash flow), but the balance sheet is a major weakness due to negative stockholders’ equity and high leverage risk, which materially drags overall financial quality.

Income Statement

BellRing Brands shows a consistent revenue growth trend, with a 4.15% increase in the latest year. Gross profit margin remains stable around 33%, while net profit margin has slightly decreased to 9.33%. EBIT and EBITDA margins are healthy, indicating operational efficiency. However, the slight decline in profitability margins suggests potential cost pressures.

Balance Sheet

The company has a negative stockholders' equity, resulting in a high debt-to-equity ratio of -2.39, indicating financial instability. Return on equity is negative, reflecting losses relative to equity. The equity ratio is also negative, highlighting a reliance on debt financing, which poses a risk in terms of financial leverage.

Cash Flow

BellRing Brands exhibits strong cash flow performance with a significant free cash flow growth rate of 105.68%. The operating cash flow to net income ratio is robust at 0.92, and free cash flow covers net income entirely, indicating efficient cash generation and management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.32B	2.32B	2.00B	1.67B	1.37B	1.25B
Gross Profit	770.40M	770.40M	707.30M	530.20M	421.80M	386.20M
EBITDA	362.20M	376.00M	424.20M	315.60M	216.10M	220.10M
Net Income	216.20M	216.20M	246.50M	165.50M	82.30M	27.60M
Balance Sheet
Total Assets	941.00M	941.00M	837.00M	691.60M	707.20M	696.50M
Cash, Cash Equivalents and Short-Term Investments	89.10M	89.10M	71.10M	48.40M	35.80M	152.60M
Total Debt	1.11B	1.11B	839.60M	865.00M	938.00M	608.40M
Total Liabilities	1.39B	1.39B	1.04B	1.02B	1.08B	762.00M
Stockholders Equity	-453.90M	-453.90M	-205.90M	-323.50M	-376.20M	-3.06B
Cash Flow
Free Cash Flow	255.90M	255.90M	197.80M	213.80M	19.20M	224.50M
Operating Cash Flow	260.60M	260.60M	199.60M	215.60M	21.00M	226.10M
Investing Cash Flow	-4.70M	-4.70M	-1.80M	-1.80M	-1.80M	-1.60M
Financing Cash Flow	-238.30M	-238.30M	-175.10M	-201.70M	-135.00M	-120.90M

BellRing Brands Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 24.39
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• 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 24.39 is below the 20-day moving average (MA) of 24.82, below the 50-day MA of 27.90, and below the 200-day MA of 43.38, indicating a bearish trend. The MACD of -1.02 indicates Positive momentum. The RSI at 30.65 is Neutral, neither overbought nor oversold. The STOCH value of 9.03 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
MZTI	77 Outperform	$4.78B	26.61	17.25%	2.35%	3.16%	6.47%
FLO	69 Neutral	$2.38B	12.30	13.73%	9.15%	0.26%	-19.45%
POST	64 Neutral	$5.23B	18.69	8.56%	―	2.97%	-2.68%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
SMPL	62 Neutral	$1.68B	19.03	5.17%	―	8.98%	-26.29%
BRBR	58 Neutral	$2.89B	14.34	―	―	16.05%	-10.17%
CAG	52 Neutral	$8.79B	-92.86	-1.16%	7.87%	-5.82%	-119.70%

BellRing Brands Corporate Events

BellRing Brands CEO retirement and Q1 2026 results

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 to any disagreement over operations, policies or practices, signaling an orderly leadership transition at the protein-focused nutrition company. Also on February 3, 2026, BellRing reported first-quarter fiscal 2026 results for the period ended December 31, 2025, with net sales edging up 0.8% year over year to $537.3 million and net earnings falling to $43.7 million as margins were pressured by significant input cost inflation and unfavorable mix, even as Dymatize posted strong growth and the company repurchased about 2.5% of its shares; management narrowed its full-year 2026 outlook for net sales and Adjusted EBITDA, reflecting heavier promotions and higher whey costs but still projecting mid-single-digit sales growth and second-half acceleration driven by merchandising, advertising and innovation initiatives.

The most recent analyst rating on (BRBR) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on BellRing Brands stock, see the BRBR Stock Forecast page.

BellRing Brands Shareholders Back Board and Governance Plans

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 meeting or until their successors are duly chosen. Investors also ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent auditor for fiscal 2026 and approved the company’s executive compensation program, signaling broad shareholder support for the current board, governance structure and financial oversight, which may reinforce management’s strategic flexibility and stability for stakeholders.

The most recent analyst rating on (BRBR) stock is a Buy with a $27.00 price target. To see the full list of analyst forecasts on BellRing Brands stock, see the BRBR Stock Forecast page.

BellRing Brands Announces $600M Share Repurchase Plan

On November 19, 2025, BellRing Brands, Inc. announced the approval of a new $600 million share repurchase authorization, effective immediately, while canceling its previous $400 million authorization. The new authorization, which spans two years, allows for flexible repurchase methods and does not obligate the company to buy a specific amount of shares. The decision reflects BellRing’s strategic financial management, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on (BRBR) stock is a Hold with a $31.00 price target. To see the full list of analyst forecasts on BellRing Brands stock, see the BRBR Stock Forecast page.

BellRing Brands Expands Board with New Appointment

On November 12, 2025, BellRing Brands announced the expansion of its Board of Directors from seven to eight members, effective January 1, 2026, with the appointment of David I. Finkelstein. Finkelstein, a seasoned executive with extensive experience in finance and mergers and acquisitions, will also join the Audit Committee. His appointment is expected to enhance the company’s financial oversight and strategic capabilities, potentially strengthening its position in the convenient nutrition industry.

The most recent analyst rating on (BRBR) stock is a Buy with a $37.00 price target. To see the full list of analyst forecasts on BellRing Brands stock, see the BRBR Stock Forecast page.