BellRing Brands, Inc. (NYSE:BRBR) Sees Large Drop in Short Interest

BellRing Brands, Inc. (NYSE:BRBR) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,600,000 shares, a decrease of 6.4% from the December 15th total of 1,710,000 shares. Based on an average daily volume of 949,600 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRBR. Mizuho lifted their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Bank of America boosted their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stephens lifted their price target on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th. Barclays upped their price objective on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Finally, Stifel Nicolaus lifted their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $76.67.

BellRing Brands Stock Down 1.2 %

Shares of BRBR traded down $0.86 during midday trading on Monday, reaching $72.37. 959,756 shares of the stock were exchanged, compared to its average volume of 774,575. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 2.39 and a beta of 0.86. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a 50 day simple moving average of $75.34 and a 200-day simple moving average of $64.36.

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

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently bought and sold shares of the business. Holocene Advisors LP bought a new stake in shares of BellRing Brands during the 3rd quarter worth about $69,998,000. D. E. Shaw & Co. Inc. grew its holdings in 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 valued at $84,221,000 after purchasing an additional 847,161 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of BellRing Brands by 200.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company’s stock valued at $74,781,000 after purchasing an additional 661,774 shares during the period. Squarepoint Ops LLC lifted its stake in shares of BellRing Brands by 665.2% in the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after buying an additional 545,371 shares during the last quarter. Finally, E. Ohman J or Asset Management AB bought a new stake in shares of BellRing Brands during the 3rd quarter worth $30,753,000. 94.97% of the stock is currently owned by institutional investors.

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.