BellRing Brands, Inc. (NYSE:BRBR) Short Interest Update

BellRing Brands, Inc. (NYSE:BRBR) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,460,000 shares, a drop of 13.1% from the October 31st total of 1,680,000 shares. Based on an average trading volume of 928,100 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BRBR shares. Stephens increased their price target on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Jefferies Financial Group raised their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Citigroup upped their price target on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial increased their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and a consensus price target of $75.60.

BellRing Brands Trading Down 0.9 %

Shares of NYSE BRBR traded down $0.73 during midday trading on Tuesday, hitting $76.90. The company’s stock had a trading volume of 1,126,178 shares, compared to its average volume of 1,064,041. The business’s 50 day moving average is $68.12 and its two-hundred day moving average is $60.27. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a market cap of $9.90 billion, a P/E ratio of 41.12, a price-to-earnings-growth ratio of 2.60 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Large investors have recently bought and sold shares of the business. Holocene Advisors LP acquired a new position in BellRing Brands in the third quarter valued at about $69,998,000. D. E. Shaw & Co. Inc. increased its position in shares of BellRing Brands by 135.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock worth $84,221,000 after acquiring an additional 847,161 shares during the period. Squarepoint Ops LLC boosted its stake in shares of BellRing Brands by 665.2% in the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after buying an additional 545,371 shares during the period. E. Ohman J or Asset Management AB purchased a new stake in shares of BellRing Brands during the third quarter worth approximately $30,753,000. Finally, Champlain Investment Partners LLC acquired a new stake in BellRing Brands in the third quarter valued at approximately $30,699,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Company Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.