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Investing.com - UBS has maintained its Neutral rating and $39.00 price target on BellRing Brands (NYSE:BRBR) ahead of the company’s fiscal fourth-quarter 2025 results scheduled for Tuesday, November 18.
The protein shake and nutritional foods maker has experienced significant stock pressure this year, with shares down approximately 63% year-to-date, according to UBS’s analysis. Recent Nielsen data showing only low-single-digit growth in October has intensified concerns about the company’s top-line performance.
While investor expectations have been lowered considerably ahead of the earnings report, UBS believes management faces challenges in providing guidance that appears both achievable and conservative without raising concerns about future growth deceleration.
UBS analysts point to similar situations with other consumer goods companies where stocks continued to face pressure despite investors believing downside was already priced in, specifically citing Simply Good Foods as an example where outlook fell below expectations.
The firm remains on the sidelines heading into the earnings announcement due to the "wide range of outcomes" possible, suggesting that evidence of an end to negative estimate revisions would be necessary before the stock can recover, despite its current valuation potentially offering a more attractive entry point after the earnings report.
In other recent news, BellRing Brands has entered into settlement agreements to resolve multiple class action lawsuits related to its Joint Juice product. The lawsuits, filed in the U.S. District Court for the Northern District of California and the Superior Court for the State of California, sought monetary damages and injunctive relief. Meanwhile, BellRing Brands has received multiple analyst ratings, reflecting varied perspectives on its stock. Bernstein SocGen Group reiterated an Outperform rating with a price target of $46.00, emphasizing the steady performance of Premier Protein sales. Bernstein also initiated coverage on the company with the same Outperform rating and price target, noting challenges in recent earnings cycles. DA Davidson maintained a Buy rating after discussions with BellRing’s leadership, though no price target was specified. Stifel also reiterated a Buy rating, highlighting a 44% increase in Premier brand consumption, aided by a Costco member savings event. These developments indicate a mix of legal resolutions and positive analyst outlooks for BellRing Brands.
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