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

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

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in BellRing Brands during the 3rd quarter valued at approximately $31,000. UMB Bank n.a. lifted its position in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares during the period. Farther Finance Advisors LLC lifted its position in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares during the period. Truvestments Capital LLC purchased a new stake in BellRing Brands in the third quarter valued at $44,000. Finally, Quarry LP grew its position in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BRBR shares. Evercore ISI upped their price objective on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial lifted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Mizuho upped their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Bank of America lifted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, TD Cowen increased their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.67.

BellRing Brands Trading Down 1.2 %

Shares of NYSE BRBR traded down $0.86 during midday trading on Friday, reaching $72.37. The company had a trading volume of 959,756 shares, compared to its average volume of 774,575. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $79.90. The business’s 50-day simple moving average is $75.34 and its 200 day simple moving average is $64.32. The stock has a market cap of $9.32 billion, a P/E ratio of 38.70, a P/E/G ratio of 2.39 and a beta of 0.86.

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 analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Analysts predict that BellRing Brands will post 2.16 earnings per share 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.