Overview

A class action lawsuit has been filed against BellRing Brands, Inc. (“BellRing” or the “Company”) (NYSE : BRBR) and certain of the Company’s senior executive officers (collectively, “Defendants”) alleging violations of the federal securities laws. The BellRing lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired BellRing securities between November 19, 2024, and August 4, 2025, inclusive (the “Class Period”). Investors have until March 23, 2026, to seek appointment as lead plaintiff of the BellRing class action lawsuit.

BellRing is a consumer-packaged goods company focused on “convenient nutrition,” best known for its ready-to-drink protein shakes, powders, bars, and other protein enriched food products. The Company’s most important brand is Premier Protein, which accounts for approximately 85% of sales.

The complaint alleges that contrary to Defendants’ repeated representations, the Company’s strong sales results did not reflect increased end-consumer demand or brand momentum. Instead, customers accumulated excess inventory as a safeguard against product shortages that had previously constrained BellRing’s supply. Once customers gained confidence that product shortages were a thing of the past, they promptly reduced their inventory by selling through existing products and cutting back on new orders. Following the destocking, the Company admitted that competitive pressures were materially weakening demand.

The truth started to be revealed on May 6, 2025, when the Company revealed that “several key retailers lowered their weeks of supply on hand, which is expected to be a mid-single-digit headwind to our third quarter growth,” stating “[w]e now expect Q3 net sales growth of low single digits[.]” The Company’s CEO, Defendant Darcy Horn Davenport (“Davenport”) revealed that retailers had been “hoarding inventory to make sure that they didn’t run out of stock on shelf” and “protecting themselves coming out of capacity constraints.” She further revealed that since there had been “several quarters of high in-stock rates” customers “felt comfortable about bringing [inventory] down. We thought this could happen.”

On this news, the price of BellRing stock fell $14.88 per share, or 19%, from $78.43 per share on May 5, 2025, to close at $63.55 per share on May 6, 2025.  However, Defendant Davenport assured investors that demand for BellRing’s products remained strong despite the sales growth headwinds, stating, there is “no softness, no concern around consumption,” without discussing any impact from increased competition.

Then, on August 4, 2025, BellRing reported its financial results for the third quarter of 2025 and “narrowed its fiscal year 2025 outlook for net sales,” a move the market viewed as a negative signal about the Company’s sales momentum. During the Company’s earnings call, Defendant Davenport attributed the disappointing new sales outlook to increased competition. 

On this news, the price of BellRing stock fell $17.46 per share, or nearly 33%, from $53.64 per share on August 4, 2025, to $36.18 per share on August 5, 2025.

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If you purchased or otherwise acquired BellRing securities between November 19, 2024, and August 4, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the BellRing class action lawsuit is March 23, 2026.