BellRing Brands, Inc. (NYSE:BRBR) Short Interest Up 8.6% in March

BellRing Brands, Inc. (NYSE:BRBR) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,790,000 shares, an increase of 8.6% from the March 15th total of 3,490,000 shares. Based on an average trading volume of 1,230,000 shares, the days-to-cover ratio is currently 3.1 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BRBR shares. Stephens reissued an “equal weight” rating and issued a $51.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 6th. Citigroup assumed coverage on BellRing Brands in a report on Thursday, February 1st. They issued a “buy” rating and a $67.00 price target for the company. Truist Financial lowered BellRing Brands from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $50.00 in a research report on Wednesday, January 3rd. Stifel Nicolaus increased their price target on BellRing Brands from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, Mizuho raised their price target on BellRing Brands from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price of $57.08.

BellRing Brands Stock Down 0.9 %

Shares of NYSE BRBR traded down $0.49 during mid-day trading on Wednesday, reaching $54.72. 419,755 shares of the company were exchanged, compared to its average volume of 1,228,126. The firm has a 50-day moving average of $58.22 and a 200 day moving average of $52.99. BellRing Brands has a 1 year low of $34.48 and a 1 year high of $62.76. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 44.52, a P/E/G ratio of 2.07 and a beta of 0.83.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The business had revenue of $430.40 million during the quarter, compared to analyst estimates of $407.91 million. On average, equities analysts forecast that BellRing Brands will post 1.67 earnings per share for the current year.

Insider Buying and Selling at BellRing Brands

In other news, Director Elliot Stein, Jr. sold 1,000 shares of BellRing Brands stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total transaction of $57,810.00. Following the sale, the director now owns 24,646 shares in the company, valued at $1,424,785.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of BRBR. Hodges Capital Management Inc. purchased a new stake in shares of BellRing Brands during the first quarter worth about $7,415,000. Artemis Investment Management LLP boosted its stake in BellRing Brands by 13.7% in the 1st quarter. Artemis Investment Management LLP now owns 774,815 shares of the company’s stock worth $45,720,000 after purchasing an additional 93,505 shares in the last quarter. Counterpoint Mutual Funds LLC grew its position in BellRing Brands by 77.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 9,015 shares of the company’s stock worth $532,000 after purchasing an additional 3,939 shares during the last quarter. Sarasin & Partners LLP increased its stake in BellRing Brands by 133.3% during the 1st quarter. Sarasin & Partners LLP now owns 70,000 shares of the company’s stock valued at $4,132,000 after purchasing an additional 40,000 shares in the last quarter. Finally, FCF Advisors LLC raised its holdings in shares of BellRing Brands by 15.7% in the first quarter. FCF Advisors LLC now owns 19,089 shares of the company’s stock worth $1,127,000 after buying an additional 2,588 shares during the last quarter. Hedge funds and other institutional investors 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.