Short Interest in BellRing Brands, Inc. (NYSE:BRBR) Increases By 8.6%

BellRing Brands, Inc. (NYSE:BRBR) was the recipient of a large increase in short interest during 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 short-interest ratio is presently 3.1 days.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the business’s stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in BellRing Brands by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock worth $736,151,000 after acquiring an additional 155,252 shares in the last quarter. BlackRock Inc. raised its stake in shares of BellRing Brands by 328.4% during the 1st quarter. BlackRock Inc. now owns 12,967,658 shares of the company’s stock valued at $299,293,000 after buying an additional 9,940,436 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of BellRing Brands by 1.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,684,211 shares of the company’s stock valued at $166,370,000 after buying an additional 97,600 shares during the last quarter. FMR LLC lifted its holdings in shares of BellRing Brands by 1.9% in the 3rd quarter. FMR LLC now owns 4,524,052 shares of the company’s stock valued at $186,527,000 after buying an additional 84,750 shares during the period. Finally, State Street Corp boosted its stake in shares of BellRing Brands by 1.0% in the second quarter. State Street Corp now owns 4,421,223 shares of the company’s stock worth $161,817,000 after buying an additional 42,807 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BRBR shares. Stifel Nicolaus lifted their target price on BellRing Brands from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Needham & Company LLC boosted their price objective on shares of BellRing Brands from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Mizuho upped their target price on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Citigroup assumed coverage on shares of BellRing Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $67.00 price target for the company. Finally, Stephens reiterated an “equal weight” rating and issued a $51.00 price target on shares of BellRing Brands in a report on Tuesday, February 6th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.08.

BellRing Brands Stock Performance

BellRing Brands stock traded up $0.70 during mid-day trading on Wednesday, reaching $55.21. 899,437 shares of the company were exchanged, compared to its average volume of 916,550. The firm has a market cap of $7.23 billion, a P/E ratio of 44.52, a PEG ratio of 2.07 and a beta of 0.83. The business has a fifty day moving average of $58.22 and a 200 day moving average of $52.99. BellRing Brands has a 12-month low of $33.99 and a 12-month high of $62.76.

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

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.