BellRing Brands (BRBR) AI Stock Analysis

• Market Cap: $3.49B
• Dividend Yield: N/A
• Average Volume (3M): 4.39M
• Price to Earnings (P/E): 17.8
• Beta (1Y): 0.68
• Revenue Growth: 16.05%
• EPS Growth: -10.17%
• Country: US
• Employees: 485
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 0.51
• Shares Outstanding: 118,425,410
• 10 Day Avg. Volume: 3,959,561
• 30 Day Avg. Volume: 4,392,127
• 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: 1.60
• Enterprise Value/Revenue: 2.41
• Enterprise Value/Gross Profit: 7.24
• Enterprise Value/Ebitda: 15.40
• 1Y Price Target: $38.92
• Price Target Upside: 29.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 1.94
• Revenue Forecast (FY): $2.43B

• Rating: 67 Neutral
• Price Target: $33.00 ▲(10.18% Upside)

BellRing Brands' strong cash flow and strategic initiatives like share repurchases and board expansion are positive. However, financial instability due to high leverage and competitive challenges weigh on the overall score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for BellRing's products, supporting long-term market position and financial health.

Cash Flow Generation

Efficient cash generation enhances financial flexibility, allowing for strategic investments and debt management, supporting long-term stability.

Market Leadership

Market leadership in key product categories strengthens brand recognition and customer loyalty, securing competitive advantage.

Negative Factors

High Leverage

High leverage poses financial risks, limiting flexibility and increasing vulnerability to economic downturns, affecting long-term stability.

Competitive Challenges

Rising competition may erode market share and pressure margins, challenging BellRing's ability to maintain its market position.

Commodity Inflation Impact

Inflationary pressures on input costs can squeeze margins, affecting profitability and necessitating strategic cost management.

BellRing Brands Business Overview & Revenue Model

Company Description

BellRing Brands, Inc. (BRBR) is a leading company in the active nutrition sector, focusing on providing high-quality protein-based products that cater to health-conscious consumers. The company operates primarily through two main segments: its direct-to-consumer channel and its retail distribution network. BellRing Brands offers a diverse range of products, including protein powders, ready-to-drink protein shakes, and nutrition bars, marketed under well-known brands such as Premier Protein and Dymatize.

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

BellRing Brands shows solid revenue growth and operational efficiency, but financial instability due to high leverage and negative equity poses risks. Strong cash flow performance provides some cushion against these balance sheet weaknesses.

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: 29.95
• 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 29.95 is below the 20-day moving average (MA) of 30.87, below the 50-day MA of 30.62, and below the 200-day MA of 49.67, indicating a bearish trend. The MACD of -0.19 indicates Positive momentum. The RSI at 46.35 is Neutral, neither overbought nor oversold. The STOCH value of 18.57 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	70 Outperform	$4.59B	26.57	17.25%	2.31%	3.16%	6.47%
FLO	69 Neutral	$2.31B	11.74	13.73%	9.15%	0.26%	-19.45%
BRBR	67 Neutral	$3.49B	17.85	―	―	16.05%	-10.17%
POST	64 Neutral	$5.21B	18.36	8.56%	―	2.97%	-2.68%
SMPL	63 Neutral	$1.87B	19.26	5.86%	―	8.98%	-26.29%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
CAG	52 Neutral	$8.26B	-82.51	-1.16%	7.87%	-5.82%	-119.70%

BellRing Brands Corporate Events

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.

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.

BellRing Brands Reaches Settlement in Joint Juice Lawsuit

BellRing Brands‘ subsidiary, Premier Nutrition, has been involved in multiple class action lawsuits concerning its Joint Juice product. On June 25, 2025, Premier Nutrition reached a settlement in principle to pay $90 million to resolve these claims. By October 2025, a Stipulation of Settlement was executed, and a motion for preliminary approval was filed, awaiting a decision.