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

BellRing Brands, Inc. (NYSE:BRBR) was the target of a large decrease in short interest in 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 trading volume of 949,600 shares, the days-to-cover ratio is currently 1.7 days.

Analysts Set New Price Targets

BRBR has been the subject of a number of recent analyst reports. Citigroup boosted their target price on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Mizuho upped their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their target price on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.67.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new stake in BellRing Brands during the fourth quarter valued at approximately $1,064,000. SG Americas Securities LLC raised its holdings in BellRing Brands by 3,112.0% during the 4th quarter. SG Americas Securities LLC now owns 266,533 shares of the company’s stock valued at $20,081,000 after buying an additional 258,235 shares during the period. Atomi Financial Group Inc. bought a new stake in BellRing Brands in the fourth quarter worth $302,000. UMB Bank n.a. boosted its stake in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the period. Finally, Oak Ridge Investments LLC increased its position in BellRing Brands by 2.3% during the fourth quarter. Oak Ridge Investments LLC now owns 129,795 shares of the company’s stock valued at $9,779,000 after acquiring an additional 2,959 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 1.2 %

NYSE BRBR traded down $0.86 on Friday, reaching $72.37. The company had a trading volume of 959,756 shares, compared to its average volume of 774,575. The stock has a market capitalization of $9.32 billion, a PE ratio of 38.70, a price-to-earnings-growth 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’s 50 day moving average price is $75.34 and its 200 day moving average price is $64.32.

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

About BellRing Brands

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.