BellRing Brands (BRBR)
Market Price (8/26/2026): $10.765 | Market Cap: $1.3 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
BellRing Brands (BRBR)
Market Price (8/26/2026): $10.765Market Cap: $1.3 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.2%, FCF Yield is 18% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & DTC Adoption. Themes include Nutritional Supplements, Functional Foods & Beverages, Show more. | Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -147% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 87% Key risksBRBR key risks include [1] its heavy dependence on ready-to-drink protein shakes, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.2%, FCF Yield is 18% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, and E-commerce & DTC Adoption. Themes include Nutritional Supplements, Functional Foods & Beverages, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -118%, 3Y Excs Rtn is -147% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 87% |
| Key risksBRBR key risks include [1] its heavy dependence on ready-to-drink protein shakes, Show more. |
Qualitative Assessment
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BellRing Brands (BRBR) stock has lost about 40% since 4/30/2026 because of the following key factors:
1. BellRing Brands experienced significant margin compression driven by elevated input costs and inventory-related charges. In fiscal Q2 2026, the company reported an $11 million pre-tax inventory-related charge, which, combined with higher freight costs and consumer price sensitivity, pressured margins. This trend worsened in fiscal Q3 2026, where the gross profit margin dramatically declined to 28.6% from 35.4% in the prior year period. This decline was primarily attributed to protein cost inflation, higher freight expenses, and a $10.0 million charge for excess shake bottle inventory. The updated fiscal year 2026 outlook projects a total unfavorable inventory-related impact of $28 million, including an anticipated $7 million in fiscal Q4 from targeted trade spend to clear excess inventory.
2. The company issued disappointing fiscal Q2 and Q3 2026 earnings reports and subsequently lowered its fiscal year 2026 guidance. For fiscal Q2 2026, reported on May 5, 2026, adjusted diluted earnings per common share decreased to $0.14 from $0.53 in the prior year period, and the company updated its fiscal year 2026 outlook. Following this report, the stock dropped 38.77%. The fiscal Q3 2026 earnings, reported on August 4, 2026, showed an EPS of $0.30, missing the consensus estimate of $0.37 by $0.07. Adjusted EBITDA for Q3 2026 was $78.3 million, missing analyst estimates of $87.4 million by 10.4%. Concurrently, BellRing Brands significantly lowered its fiscal year 2026 Adjusted EBITDA guidance to $275-$295 million, notably below previous analyst expectations of $319 million. The stock plunged 21% following the Q3 announcement.
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BellRing Brands (BRBR) stock has lost about 40% since 4/30/2026 because of the following key factors:
1. BellRing Brands experienced significant margin compression driven by elevated input costs and inventory-related charges. In fiscal Q2 2026, the company reported an $11 million pre-tax inventory-related charge, which, combined with higher freight costs and consumer price sensitivity, pressured margins. This trend worsened in fiscal Q3 2026, where the gross profit margin dramatically declined to 28.6% from 35.4% in the prior year period. This decline was primarily attributed to protein cost inflation, higher freight expenses, and a $10.0 million charge for excess shake bottle inventory. The updated fiscal year 2026 outlook projects a total unfavorable inventory-related impact of $28 million, including an anticipated $7 million in fiscal Q4 from targeted trade spend to clear excess inventory.
2. The company issued disappointing fiscal Q2 and Q3 2026 earnings reports and subsequently lowered its fiscal year 2026 guidance. For fiscal Q2 2026, reported on May 5, 2026, adjusted diluted earnings per common share decreased to $0.14 from $0.53 in the prior year period, and the company updated its fiscal year 2026 outlook. Following this report, the stock dropped 38.77%. The fiscal Q3 2026 earnings, reported on August 4, 2026, showed an EPS of $0.30, missing the consensus estimate of $0.37 by $0.07. Adjusted EBITDA for Q3 2026 was $78.3 million, missing analyst estimates of $87.4 million by 10.4%. Concurrently, BellRing Brands significantly lowered its fiscal year 2026 Adjusted EBITDA guidance to $275-$295 million, notably below previous analyst expectations of $319 million. The stock plunged 21% following the Q3 announcement.
3. A leadership transition coincided with acknowledged "execution failures," indicating internal operational challenges. On July 8, 2026, BellRing Brands announced the appointment of Michael C. Axelrod as its new President and Chief Executive Officer, effective July 29, 2026. During the fiscal Q3 2026 earnings call on August 4, 2026, the new CEO openly acknowledged "execution failures" and committed to improving operational discipline, which signals a period of internal adjustments and potential uncertainty regarding future performance.
4. Investor concerns arose regarding the efficacy and consumer acceptance of planned double-digit price increases for Premier Protein shakes in early fiscal 2027. Alongside the fiscal Q3 2026 earnings report, BellRing Brands announced intentions for "double-digit price increases on Premier shakes in early fiscal 2027" as a strategy to mitigate sustained inflation. This strategy, particularly in an environment characterized by "heightened consumer price sensitivity" and a "sustained promotional environment" as noted in fiscal Q2 2026, introduced uncertainty about potential demand elasticity and the competitive landscape for its key product line.
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Stock Movement Drivers
Fundamental Drivers
The -39.6% change in BRBR stock from 4/30/2026 to 8/25/2026 was primarily driven by a -37.0% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8252026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.80 | 10.76 | -39.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,321 | 2,355 | 1.4% |
| Net Income Margin (%) | 7.9% | 7.3% | -7.7% |
| P/E Multiple | 11.6 | 7.3 | -37.0% |
| Shares Outstanding (Mil) | 119 | 116 | 2.5% |
| Cumulative Contribution | -39.6% |
Market Drivers
4/30/2026 to 8/25/2026| Return | Correlation | |
|---|---|---|
| BRBR | -39.6% | |
| Market (SPY) | 6.6% | -12.8% |
| Sector (XLP) | 2.6% | 13.7% |
Fundamental Drivers
The -56.7% change in BRBR stock from 1/31/2026 to 8/25/2026 was primarily driven by a -48.7% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8252026 | Change |
|---|---|---|---|
| Stock Price ($) | 24.87 | 10.76 | -56.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,317 | 2,355 | 1.6% |
| Net Income Margin (%) | 9.3% | 7.3% | -22.0% |
| P/E Multiple | 14.3 | 7.3 | -48.7% |
| Shares Outstanding (Mil) | 124 | 116 | 6.4% |
| Cumulative Contribution | -56.7% |
Market Drivers
1/31/2026 to 8/25/2026| Return | Correlation | |
|---|---|---|
| BRBR | -56.7% | |
| Market (SPY) | 11.0% | 0.0% |
| Sector (XLP) | 4.2% | 8.3% |
Fundamental Drivers
The -80.3% change in BRBR stock from 7/31/2025 to 8/25/2026 was primarily driven by a -70.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8252026 | Change |
|---|---|---|---|
| Stock Price ($) | 54.58 | 10.76 | -80.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,192 | 2,355 | 7.4% |
| Net Income Margin (%) | 12.8% | 7.3% | -43.2% |
| P/E Multiple | 24.9 | 7.3 | -70.7% |
| Shares Outstanding (Mil) | 128 | 116 | 10.1% |
| Cumulative Contribution | -80.3% |
Market Drivers
7/31/2025 to 8/25/2026| Return | Correlation | |
|---|---|---|
| BRBR | -80.3% | |
| Market (SPY) | 22.2% | 2.6% |
| Sector (XLP) | 10.7% | 12.6% |
Fundamental Drivers
The -70.1% change in BRBR stock from 7/31/2023 to 8/25/2026 was primarily driven by a -77.5% change in the company's P/E Multiple.| (LTM values as of) | 7312023 | 8252026 | Change |
|---|---|---|---|
| Stock Price ($) | 35.95 | 10.76 | -70.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,498 | 2,355 | 57.2% |
| Net Income Margin (%) | 9.9% | 7.3% | -26.3% |
| P/E Multiple | 32.4 | 7.3 | -77.5% |
| Shares Outstanding (Mil) | 133 | 116 | 14.6% |
| Cumulative Contribution | -70.1% |
Market Drivers
7/31/2023 to 8/25/2026| Return | Correlation | |
|---|---|---|
| BRBR | -70.1% | |
| Market (SPY) | 73.2% | 19.9% |
| Sector (XLP) | 23.1% | 20.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BRBR Return | 10% | -4% | 116% | 36% | -65% | -59% | -55% |
| Peers Return | 15% | 2% | -4% | -2% | -2% | 5% | 14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| BRBR Win Rate | 50% | 33% | 75% | 58% | 33% | 25% | |
| Peers Win Rate | 53% | 52% | 55% | 45% | 47% | 65% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BRBR Max Drawdown | -28% | -24% | -9% | -20% | -68% | -72% | |
| Peers Max Drawdown | -16% | -21% | -22% | -20% | -25% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SMPL, HRL, PEP, KO, MNST.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/25/2026 (YTD)
How Low Can It Go
| Event | BRBR | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.0% | -7.8% |
| % Gain to Breakeven | 12.4% | 8.5% |
| Time to Breakeven | 22 days | 18 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -16.8% | -24.5% |
| % Gain to Breakeven | 20.2% | 32.4% |
| Time to Breakeven | 33 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.0% | -33.7% |
| % Gain to Breakeven | 49.3% | 50.9% |
| Time to Breakeven | 74 days | 140 days |
In The Past
BellRing Brands's stock fell -11.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 12.4% gain to breakeven.
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| Event | BRBR | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -33.0% | -33.7% |
| % Gain to Breakeven | 49.3% | 50.9% |
| Time to Breakeven | 74 days | 140 days |
In The Past
BellRing Brands's stock fell -11.0% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 12.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
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About BellRing Brands (BRBR)
BellRing Brands, Inc. (BRBR) is a prominent player in the nutrition products industry, offering a range of health and wellness items. The company focuses on the development and marketing of protein-based products, catering to consumers looking for nutritional support for active lifestyles and general well-being.
The company's primary product offerings include ready-to-drink protein shakes and protein powders. These products are sold under its key, recognized brands, most notably Premier Protein and Dymatize, which are popular among fitness enthusiasts and individuals seeking convenient protein supplementation.
BellRing Brands reaches its extensive customer base through a comprehensive multi-channel distribution strategy across the United States and internationally. Its products are available through club stores, food and drug retailers, mass merchandisers, e-commerce platforms, specialty stores, and convenience channels, ensuring wide accessibility for its target market.
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BellRing Brands is like **Monster Beverage (MNST)**, but for protein shakes and powders instead of energy drinks.
Think of it as the **Red Bull (part of Red Bull GmbH)** of protein drinks and powders, specializing in nutritional beverages.
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- Premier Protein Products: A line of ready-to-drink shakes and powder protein products aimed at general nutrition and wellness.
- Dymatize Products: A line of ready-to-drink shakes and powder protein products primarily focused on sports nutrition and performance.
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Darcy Horn Davenport, President & Chief Executive Officer
Darcy Horn Davenport has served as President and Chief Executive Officer of BellRing Brands since September 2019, and as a Director since October 2019. Prior to BellRing Brands, she was President of Post Holding's Active Nutrition Division, where she held various leadership roles in marketing and management since 2009. She led Marketing for Joint Juice through the acquisition of Premier Nutrition and its subsequent sale to Post Holdings in 2013. Following the sale, she became President of Premier Nutrition and then President of Post's Active Nutrition business in 2017. Her earlier career included marketing roles at companies such as Nestle, Dreyer's Ice Cream, Zobmondo! Entertainment, and Timbuk2 Designs.
Paul Rode, Chief Financial Officer
Paul Rode is the Chief Financial Officer at BellRing Brands. He has over 20 years of progressive experience with multinational public companies, with a background that includes operational experience with a $200 million telecom division of a Fortune 500 company and executive-level financial reporting roles at $3 billion-plus consumer product companies. He served as the Chief Financial Officer of Post's Active Nutrition business from 2015 to 2019. Additionally, he was Chief Financial Officer of Consumer Brands, a prior reporting segment of Post, from late 2014 to early 2015.
Doug Cornille, Chief Growth Officer
Doug Cornille is the Chief Growth Officer at BellRing Brands, Inc., where he leads all sales and marketing functions, overseeing brand strategy, innovation, consumer insights, and sales teams across all Premier Nutrition Company brands. He brings extensive consumer packaged goods (CPG) experience, having held brand leadership roles at Clif Bar & Company, Nestlé, and The Clorox Company. Earlier in his career, he worked as a business consultant with Accenture and was the founder and president of Data Solutions Group, a technology and business consultancy.
Craig Rosenthal, Chief Legal Officer and Chief Compliance Officer
Craig Rosenthal serves as Chief Legal Officer and Chief Compliance Officer at BellRing Brands, responsible for all legal and regulatory affairs and strategies, as well as overseeing quality, compliance, and ESG initiatives. His background includes over 20 years of corporate legal management and law firm experience. He was Senior Vice President, Law for Altice USA, a Fortune 500 multinational telecommunications and entertainment company, and prior to that, he was Senior Vice President and General Counsel of a $3 billion telecommunications company.
Robin Singh, Chief Supply Chain Officer at Premier Nutrition Company
Robin Singh is the Chief Supply Chain Officer at Premier Nutrition Company. He is an accomplished strategic and values-led integrated supply chain leader with over 20 years of operations experience in multinational consumer products companies. Before joining BellRing Brands and Premier Nutrition, Robin spent 24 years at Mondelez International, holding various roles, including Vice President of Operations, and other leadership positions in operations strategy, integrated business planning, procurement, manufacturing, logistics, service, and inventory management.
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Here are the key risks to BellRing Brands (BRBR):
- Intense Competition and Dependence on Ready-to-Drink Protein Shakes: BellRing Brands operates in a highly competitive market for convenient nutrition products, with a significant reliance on its ready-to-drink (RTD) protein shakes, particularly the Premier Protein brand, which accounted for a substantial majority of its net sales in fiscal year 2025. This intense competition includes new entrants and aggressive promotional activities from other brands, leading to margin compression and difficulty in passing increased costs to consumers. Additionally, shifts in consumer preferences, such as a growing interest in plant-based options, pose a notable substitution risk.
- Customer Concentration and Retailer Inventory Management: A large portion of BellRing Brands' net sales is generated from a concentrated group of major retailers, providing these customers with significant bargaining power. The company has faced challenges related to retailer inventory management, including allegations in securities class action lawsuits that past sales growth was artificially inflated by temporary inventory stockpiling by key customers to mitigate prior supply chain shortages. Subsequent "destocking" by these retailers has led to revenue fluctuations, a significant drop in the company's share price, and ongoing litigation that questions the transparency and sustainability of its reported growth.
- Supply Chain Disruptions and Reliance on Third-Party Manufacturers: As an "asset-light" company, BellRing Brands is highly dependent on a limited number of third-party contract manufacturers for the production of most of its products, including a single manufacturer responsible for nearly half of its Premier Protein RTD shake supply in fiscal year 2025. This reliance on external partners and a concentrated supplier base increases the company's vulnerability to supply chain disruptions, operational issues at these facilities, and volatility in the cost of key raw materials like whey and milk protein, which can adversely impact production and profitability.
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- The global ready-to-drink protein shake market was valued at approximately USD 9.96 billion in 2024.
- The U.S. protein shake market was valued at approximately USD 5.86 billion in 2023.
- The global protein powder market size was valued at approximately USD 15.75 billion in 2024.
- The broader U.S. protein supplements market, which includes protein powders, ready-to-drink products, and protein bars, was valued at approximately USD 10.49 billion in 2024. The protein powder segment is a dominant component within this U.S. market.
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BellRing Brands (BRBR) is anticipated to drive future revenue growth over the next two to three years through several key strategies:
-
Sustained Growth in the Ready-to-Drink (RTD) Protein Shake Category and Premier Protein's Market Leadership: The convenient nutrition category, particularly RTD protein shakes, continues to exhibit robust growth, driven by consumer health and wellness trends, functional beverage preferences, and the increasing adoption of GLP-1s. BellRing Brands expects its flagship Premier Protein brand, which holds a significant market share in this segment, to grow in line with this expanding category.
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Expansion of Distribution Channels: The company is focused on significantly expanding the total distribution points for Premier Protein RTD shakes, both in-aisle and out-of-aisle. This includes securing more in-store displays and leveraging retail partnerships to enhance product visibility and drive consumer trial.
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Acceleration of the Innovation Pipeline: BellRing Brands is actively developing and launching new products and flavor extensions to cater to diverse consumer preferences and occasions. Recent examples include the Premier Protein Coffee House line, new shake lines with higher protein content or different drinking experiences, and seasonal flavors for Dymatize. This innovation strategy aims to generate consumer excitement and further drive trial.
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Increased Brand Investment and Marketing Efforts: The company plans to increase its advertising and promotional spending to boost household penetration for its brands, reinforce brand equity, and enhance overall brand relevance. This includes campaigns designed to lift sales growth, particularly in the latter half of the fiscal year.
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Growth of the Dymatize Brand, Especially Internationally: While Premier Protein remains the primary growth driver, the Dymatize brand is also contributing to revenue expansion. Dymatize has demonstrated strong international volume performance and has returned to positive growth, partially fueled by its expansion into the ready-to-drink shake format.
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Share Repurchases
- BellRing Brands announced a new $600 million share repurchase authorization over the next two years, effective November 19, 2025, replacing a prior $400 million authorization.
- During fiscal year 2025, BellRing repurchased 9.0 million shares for $472.5 million, representing approximately 7% of shares outstanding.
- In fiscal year 2024 and 2023, the company repurchased 2.6 million and 4.2 million shares at a total cost of $148.0 million and $126.3 million, respectively.
Share Issuance
- For the fiscal years ended September 30, 2025, 2024, and 2023, total compensation cost for non-cash stock-based compensation awards was recognized as $22.1 million, $21.0 million, and $14.2 million, respectively.
- As of September 30, 2025, 6.2 million shares were available to be issued for stock-based compensation awards under the BellRing Long-Term Incentive Plan.
Capital Expenditures
- Capital expenditures were $4.7 million in fiscal year 2025, $1.8 million in fiscal year 2024, and $1.8 million in fiscal year 2023.
- The company's asset-light business model requires modest capital expenditures, averaging less than 1% of net sales over the last three fiscal years.
- No significant capital expenditures are planned for fiscal year 2026.
Peer Outperformance in Packaged Foods & Meats
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Consumer Staples Merchandise Retail | 12 | 6.6% | 47.8% | 56.0% | NGVC 195% · VLGEA 142% · WMT 128% |
| Tobacco | 6 | -12.6% | 16.1% | 53.3% | PM 142% · MO 105% · TPB 80% |
| Food Retail | 6 | -14.8% | 76.0% | 40.7% | CASY 321% · SFM 250% · KR 44% |
| Soft Drinks & Non-alcoholic Beverages | 12 | -2.0% | -12.0% | 26.9% | COKE 426% · BRFH 205% · CCHGY 117% |
| Food Distributors | 9 | 3.7% | 34.6% | 20.6% | CHEF 282% · USFD 221% · ANDE 139% |
| Brewers | 3 | -12.8% | -25.9% | 4.6% | BUD 40% · TAP 5% · SAM -68% |
| Agricultural Products & Services | 11 | 8.8% | -1.5% | -15.6% | BG 70% · ADM 53% · INGR 38% |
| Household Products | 19 | 2.2% | -3.0% | -24.2% | IPAR 81% · ACU 75% · CL 33% |
| Personal Care Products | 4 | -4.4% | -12.4% | -25.2% | ELF 252% · PG 16% · EL -66% |
| Packaged Foods & Meats ← | 47 | -18.3% | -27.7% | -29.3% | MAMA 563% · LWAY 391% · SENEA 299% |
| Distillers & Vintners | 5 | -40.3% | -59.3% | -70.5% | STZ -31% · BF-B -55% · MGPI -71% |
| Drug Retail | 3 | -44.3% | -84.4% | -93.0% | HITI -64% · PETS -93% · SCNX -99% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.25 |
| Mkt Cap | 54.2 |
| Rev LTM | 10,719 |
| Op Inc LTM | 1,783 |
| FCF LTM | 1,387 |
| FCF 3Y Avg | 1,298 |
| CFO LTM | 1,623 |
| CFO 3Y Avg | 1,562 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.7% |
| Rev Chg 3Y Avg | 4.9% |
| Rev Chg Q | 5.3% |
| QoQ Delta Rev Chg LTM | 1.3% |
| Op Inc Chg LTM | 1.0% |
| Op Inc Chg 3Y Avg | 6.7% |
| Op Mgn LTM | 14.1% |
| Op Mgn 3Y Avg | 15.3% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 12.2% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | 9.6% |
| FCF/Rev 3Y Avg | 11.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 54.2 |
| P/S | 1.5 |
| P/Op Inc | 14.2 |
| P/EBIT | 15.7 |
| P/E | 23.1 |
| P/CFO | 13.7 |
| Total Yield | 7.4% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 4.5% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Price Behavior
| Market Price | $10.76 | |
| Market Cap ($ Bil) | 1.3 | |
| First Trading Date | 10/17/2019 | |
| Distance from 52W High | -74.8% | |
| 50 Days | 200 Days | |
| DMA Price | $12.66 | $18.19 |
| DMA Trend | down | up |
| Distance from DMA | -15.0% | -40.9% |
| 3M | 1YR | |
| Volatility | 64.8% | 70.3% |
| Downside Capture | -176.49 | 45.30 |
| Upside Capture | -52.76 | -112.08 |
| Correlation (SPY) | -8.5% | 0.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.95 | -0.44 | -1.16 | -0.04 | 0.14 | 0.68 |
| Up Beta | -2.37 | 1.79 | 1.93 | 0.84 | 0.67 | 0.82 |
| Down Beta | 1.52 | 0.34 | -0.81 | 0.66 | 0.18 | 0.74 |
| Up Capture | -155% | -11% | -198% | -79% | -42% | 8% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 13 | 27 | 34 | 63 | 119 | 392 |
| Down Capture | -110% | -343% | -236% | 11% | 93% | 94% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 9 | 16 | 29 | 63 | 132 | 356 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRBR | |
|---|---|---|---|---|
| BRBR | -73.2% | 70.3% | -1.53 | - |
| Sector ETF (XLP) | 7.1% | 14.4% | 0.25 | 11.5% |
| Equity (SPY) | 19.8% | 12.8% | 1.14 | 0.5% |
| Gold (GLD) | 38.0% | 28.8% | 1.11 | -9.2% |
| Commodities (DBC) | 38.0% | 20.3% | 1.47 | -6.4% |
| Real Estate (VNQ) | 11.9% | 13.6% | 0.58 | 9.6% |
| Bitcoin (BTCUSD) | -32.0% | 44.0% | -0.75 | -1.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRBR | |
|---|---|---|---|---|
| BRBR | -18.1% | 48.0% | -0.27 | - |
| Sector ETF (XLP) | 6.1% | 13.7% | 0.23 | 26.3% |
| Equity (SPY) | 13.0% | 17.2% | 0.58 | 26.4% |
| Gold (GLD) | 20.7% | 18.6% | 0.90 | -3.3% |
| Commodities (DBC) | 10.1% | 19.6% | 0.40 | -0.7% |
| Real Estate (VNQ) | 2.5% | 18.9% | 0.03 | 23.3% |
| Bitcoin (BTCUSD) | 12.2% | 52.7% | 0.41 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BRBR | |
|---|---|---|---|---|
| BRBR | -3.3% | 47.1% | 0.07 | - |
| Sector ETF (XLP) | 7.4% | 14.9% | 0.36 | 31.5% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 31.3% |
| Gold (GLD) | 12.9% | 16.3% | 0.65 | -0.2% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 7.0% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 28.0% |
| Bitcoin (BTCUSD) | 64.0% | 66.1% | 1.04 | 8.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/13/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -1.5% | -12.1% | |
| 5/5/2026 | -38.8% | -45.9% | -49.0% |
| 2/3/2026 | -14.4% | -23.0% | -28.2% |
| 11/18/2025 | 2.5% | 20.0% | 14.3% |
| 8/4/2025 | -32.6% | -27.6% | -21.9% |
| 5/6/2025 | -1.3% | 0.1% | -3.0% |
| 2/3/2025 | -4.3% | -3.5% | -7.2% |
| 11/18/2024 | -0.2% | 4.9% | 2.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 12 | 12 |
| # Negative | 13 | 10 | 9 |
| Median Positive | 3.8% | 5.9% | 9.4% |
| Median Negative | -3.2% | -4.5% | -7.2% |
| Max Positive | 17.1% | 20.0% | 26.2% |
| Max Negative | -38.8% | -45.9% | -49.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -1.5% | -12.1% | |
| 5/5/2026 | -38.8% | -45.9% | -49.0% |
| 2/3/2026 | -14.4% | -23.0% | -28.2% |
| 11/18/2025 | 2.5% | 20.0% | 14.3% |
| 8/4/2025 | -32.6% | -27.6% | -21.9% |
| 5/6/2025 | -1.3% | 0.1% | -3.0% |
| 2/3/2025 | -4.3% | -3.5% | -7.2% |
| 11/18/2024 | -0.2% | 4.9% | 2.8% |
| 8/5/2024 | 6.9% | 10.0% | 14.1% |
| 5/6/2024 | 2.2% | 4.2% | 6.7% |
| 2/5/2024 | -1.3% | 3.9% | 4.7% |
| 11/20/2023 | 7.0% | 12.0% | 21.4% |
| 5/8/2023 | -3.2% | -2.3% | -3.9% |
| 2/6/2023 | 3.8% | 7.8% | 7.2% |
| 8/4/2022 | -1.4% | -4.1% | -8.5% |
| 5/5/2022 | 17.1% | 11.3% | 26.2% |
| 2/4/2022 | 0.0% | 0.0% | 0.0% |
| 8/5/2021 | -8.2% | -2.9% | 3.5% |
| 5/6/2021 | 2.4% | 6.9% | 11.7% |
| 2/4/2021 | -2.4% | -1.4% | -1.3% |
| 11/19/2020 | 6.9% | 4.7% | 20.6% |
| 8/6/2020 | -3.8% | -5.0% | -4.6% |
| SUMMARY STATS | |||
| # Positive | 9 | 12 | 12 |
| # Negative | 13 | 10 | 9 |
| Median Positive | 3.8% | 5.9% | 9.4% |
| Median Negative | -3.2% | -4.5% | -7.2% |
| Max Positive | 17.1% | 20.0% | 26.2% |
| Max Negative | -38.8% | -45.9% | -49.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/18/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/17/2022 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/04/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/18/2025 | 10-K |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 02/04/2025 | 10-Q |
| 09/30/2024 | 11/19/2024 | 10-K |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-Q |
| 09/30/2023 | 11/21/2023 | 10-K |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-Q |
| 09/30/2022 | 11/17/2022 | 10-K |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 02/04/2022 | 10-Q |
| 09/30/2021 | 11/19/2021 | 10-K |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/05/2021 | 10-Q |
| 09/30/2020 | 11/20/2020 | 10-K |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/07/2020 | 10-Q |
| 09/30/2019 | 11/22/2019 | 10-K |
Recent Forward Guidance
Updated 8/5/2026Latest: Q3 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales | 2.33 Bil | 2.35 Bil | 2.38 Bil | 0.4% | Raised | Guidance: 2.35 Bil for 2026 | |
| 2026 Net Sales Growth | 1.0% | 2.0% | 3.0% | 1.0% | Raised | Guidance: 1.0% for 2026 | |
| 2026 Adjusted EBITDA | 275.00 Mil | 285.00 Mil | 295.00 Mil | -12.3% | Lowered | Guidance: 325.00 Mil for 2026 | |
| 2026 Adjusted EBITDA as a percentage of Net Sales | 0.12 | -2.0% | Lowered | Guidance: 0.14 for 2026 | |||
| 2026 Capital Expenditures | 10.00 Mil | 25.0% | Raised | Guidance: 8.00 Mil for 2026 | |||
Prior: Q2 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales | 2.33 Bil | 2.35 Bil | 2.37 Bil | -3.7% | Lowered | Guidance: 2.44 Bil for 2026 | |
| 2026 Net Sales Growth | 0.0% | 1.0% | 2.0% | -4.0% | Lowered | Guidance: 5.0% for 2026 | |
| 2026 Adjusted EBITDA | 315.00 Mil | 325.00 Mil | 335.00 Mil | -24.9% | Lowered | Guidance: 432.50 Mil for 2026 | |
| 2026 Adjusted EBITDA as a percentage of Net Sales | 0.14 | -4.0% | Lowered | Guidance: 0.18 for 2026 | |||
| 2026 Capital Expenditures | 8.00 Mil | 0.0% | Affirmed | Guidance: 8.00 Mil for 2026 | |||
Q1 2026 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Net Sales | 2.41 Bil | 2.44 Bil | 2.46 Bil | -0.6% | Lowered | Guidance: 2.45 Bil for 2026 | |
| 2026 Net Sales Growth | 4.0% | 5.0% | 6.0% | -1.0% | Lowered | Guidance: 6.0% for 2026 | |
| 2026 Adjusted EBITDA | 425.00 Mil | 432.50 Mil | 440.00 Mil | -1.7% | Lowered | Guidance: 440.00 Mil for 2026 | |
| 2026 Adjusted EBITDA as a percentage of Net Sales | 0.18 | 0 | Affirmed | Guidance: 0.18 for 2026 | |||
| 2026 Capital Expenditures | 8.00 Mil | 0 | Affirmed | Guidance: 8.00 Mil for 2026 | |||
Q4 2025 Earnings Reported 11/18/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue Growth | -5.0% | ||||||
| Q1 2026 Operating Margin | 16.0% | ||||||
| 2026 Net Sales | 2.41 Bil | 2.45 Bil | 2.49 Bil | 6.5% | Higher New | Actual: 2.30 Bil for 2025 | |
| 2026 Net Sales Growth | 7.0% | 8.0% | 9.0% | -7.0% | Lower New | Actual: 15.0% for 2025 | |
| 2026 Adjusted EBITDA | 425.00 Mil | 440.00 Mil | 455.00 Mil | -9.3% | Lower New | Actual: 485.00 Mil for 2025 | |
| 2026 Adjusted EBITDA as a percentage of Net Sales | 0.18 | 0.19 | 0.2 | ||||
| 2026 Capital Expenditures | 8.00 Mil | -11.1% | Lower New | Actual: 9.00 Mil for 2025 | |||
Insider Activity
Updated 7/31/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Finkelstein, David Isaiah | Direct | Buy | 5142026 | 9.23 | 4,000 | 36,940 | 123,066 | Form | |
| 2 | Finkelstein, David Isaiah | Direct | Buy | 3112026 | 17.75 | 2,000 | 35,500 | 131,190 | Form | |
| 3 | Cornille, Douglas J | CHIEF GROWTH OFFICER | Direct | Sell | 12032025 | 30.93 | 3,970 | 122,792 | 1,695,335 | Form |
| 4 | Rode, Paul A | CFO & TREASURER | Direct | Sell | 11122025 | 29.00 | 308 | 8,932 | 2,108,010 | Form |
| 5 | Cornille, Douglas J | CHIEF GROWTH OFFICER PNC | Direct | Sell | 9042025 | 42.03 | 3,970 | 166,859 | 2,263,988 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Finkelstein, David Isaiah | Direct | Buy | 5142026 | 9.23 | 4,000 | 36,940 | 123,066 | Form | |
| 2 | Finkelstein, David Isaiah | Direct | Buy | 3112026 | 17.75 | 2,000 | 35,500 | 131,190 | Form | |
| 3 | Cornille, Douglas J | CHIEF GROWTH OFFICER | Direct | Sell | 12032025 | 30.93 | 3,970 | 122,792 | 1,695,335 | Form |
| 4 | Rode, Paul A | CFO & TREASURER | Direct | Sell | 11122025 | 29.00 | 308 | 8,932 | 2,108,010 | Form |
| 5 | Cornille, Douglas J | CHIEF GROWTH OFFICER PNC | Direct | Sell | 9042025 | 42.03 | 3,970 | 166,859 | 2,263,988 | Form |
| 6 | Conway, Shawn | Direct | Buy | 8152025 | 49999.99 | 1,316 | 65,824,087 | 400,074,020 | Form | |
| 7 | Stein, Elliot JR | Trust | Buy | 8062025 | 37.49 | 2,663 | 99,836 | 194,873 | Form | |
| 8 | Conway, Shawn | Direct | Buy | 8062025 | 36.41 | 2,700 | 98,307 | 243,401 | Form | |
| 9 | Rosenthal, Craig L | CLO & SECRETARY | 2012 Trust | Buy | 8062025 | 37.29 | 2,600 | 96,958 | 1,248,330 | Form |
| 10 | Davenport, Darcy Horn | PRES. AND CEO | Direct | Sell | 8042025 | 54.18 | 1,600 | 86,688 | 10,509,728 | Form |
Investor Activity (13F)
Updated Aug 26, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Staples Resources |
| FoodNavigator |
| Consumer Goods Technology (CGT) |
| Beverage Digest |
| Packaged Foods & Meats Resources |
| USDA Data |
| Food Processing |
| Meat+Poultry |
| Just Food |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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