BellRing Brands (BRBR) AI Stock Analysis

• Market Cap: $5.01B
• Dividend Yield: N/A
• Average Volume (3M): 3.83M
• Price to Earnings (P/E): 22.7
• Beta (1Y): 0.77
• Revenue Growth: 16.27%
• EPS Growth: 5.13%
• Country: US
• Employees: 485
• Sector: Consumer Defensive
• Sector Strength: 47
• Industry: Packaged Foods
• EPS (TTM): 0.55
• Shares Outstanding: 125,979,164
• 10 Day Avg. Volume: 3,042,658
• 30 Day Avg. Volume: 3,827,192
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.67
• Enterprise Value/Revenue: 3.76
• Enterprise Value/Gross Profit: 10.62
• Enterprise Value/Ebitda: 22.79
• 1Y Price Target: $52.50
• Price Target Upside: 28.96% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 15

• Rating: 57 Neutral
• Price Target: $41.00 ▲(0.71% Upside)

BellRing Brands' overall stock score reflects strong revenue growth and strategic financial moves, such as the credit agreement amendment, which enhance financial flexibility. However, significant financial risks due to high leverage, declining profitability, and bearish technical indicators weigh heavily on the score. The cautiously optimistic earnings call sentiment and moderate valuation provide some balance, but the company must address its financial challenges to improve its stock outlook.

Positive Factors

Brand Performance

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

Earnings

BRBR reported 3QF25 revenue of $547.5 million vs. consensus estimates of $530.7 million.

Financial Performance

Adjusted EBITDA of $120mm surpassed both internal and consensus estimates, driven by strong sales and margins.

Negative Factors

Competitive Challenges

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

Guidance

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.

Market Confidence

BRBR shares moved meaningfully lower on its 3Q earnings call, illustrating the market's waning confidence in BRBR’s ability to compete effectively.

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 through the sale of its diverse portfolio of protein products. Key revenue streams include direct sales to retailers, online sales through e-commerce platforms, and partnerships with foodservice providers. The company's strong brand recognition and focus on innovation allow it to maintain competitive pricing and attract a loyal customer base. Additionally, strategic partnerships and distribution agreements with major retailers enhance its market presence and drive sales growth. The company also benefits from seasonal promotions and marketing campaigns that further increase customer engagement and sales volume.

BellRing Brands Financial Statement Overview

Summary

BellRing Brands shows strong revenue growth and stable gross margins, but faces challenges with profitability and leverage. The high debt-to-equity ratio and negative equity highlight financial risks, while cash flow generation has weakened. The company needs to focus on improving profitability and reducing leverage to enhance its financial position.

Income Statement

BellRing Brands has demonstrated consistent revenue growth, with a TTM revenue growth rate of 1.46%. The gross profit margin remains stable at around 35%, indicating efficient cost management. However, the net profit margin has slightly decreased from 12.35% to 10.26% in the TTM, suggesting some pressure on profitability. Overall, the company shows strong revenue growth but faces challenges in maintaining net profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of -3.26 in the TTM, indicating significant leverage and potential financial risk. The negative stockholders' equity suggests that liabilities exceed assets, which could be a concern for long-term financial stability. Return on equity is negative, reflecting challenges in generating returns for shareholders. The company needs to address its leverage to improve financial health.

Cash Flow

Operating cash flow has significantly decreased in the TTM, with a free cash flow growth rate of -75.24%. The operating cash flow to net income ratio is low at 0.14, indicating potential issues in cash generation relative to earnings. However, the free cash flow to net income ratio remains strong at 0.97, showing that the company is still generating cash relative to its net income. Improving cash flow stability is crucial for future growth.

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	126.70M	197.80M	213.80M	19.20M	224.50M	95.10M
Operating Cash Flow	131.60M	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: 40.71
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 40.71 is below the 20-day moving average (MA) of 41.39, below the 50-day MA of 51.09, and below the 200-day MA of 66.84, indicating a bearish trend. The MACD of -3.52 indicates Negative momentum. The RSI at 38.25 is Neutral, neither overbought nor oversold. The STOCH value of 55.28 is Neutral, 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	77 Outperform	$6.10B	19.40	9.23%	―	0.80%	10.43%
CAG	72 Outperform	$8.97B	7.98	13.27%	7.31%	-3.64%	231.77%
LW	69 Neutral	$7.86B	22.36	20.26%	2.61%	-0.25%	-49.73%
CPB	66 Neutral	$9.53B	21.49	11.67%	4.87%	8.65%	-38.57%
Sector *	63 Neutral	$20.42B	14.38	-3.60%	3.17%	2.07%	-6.17%
BRBR	57 Neutral	$5.01B	22.73	-190.65%	―	16.27%	5.13%
SJM	52 Neutral	$11.80B	22.22	-21.32%	4.11%	2.54%	-293.39%

BellRing Brands Corporate Events

BellRing Brands Amends Credit Agreement with JPMorgan

On August 22, 2025, BellRing Brands, Inc. amended its Credit Agreement with JPMorgan Chase Bank, increasing its revolving credit facility from $250 million to $500 million and extending the maturity date to August 22, 2030. The amendment also reduces the interest rate on borrowings and broadens exceptions to certain covenants, potentially enhancing the company’s financial flexibility and operational capacity.

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.