BellRing Brands Inc. (NYSE:BRBR) Sees Significant Increase in Short Interest
by Amy Steele · The Cerbat GemBellRing Brands Inc. (NYSE:BRBR – Get Free Report) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 8,810,425 shares, a growth of 21.0% from the March 15th total of 7,280,581 shares. Based on an average daily volume of 4,387,277 shares, the days-to-cover ratio is currently 2.0 days. Approximately 7.6% of the company’s stock are short sold.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Mizuho lowered their target price on shares of BellRing Brands from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Thursday, March 5th. Morgan Stanley set a $32.00 target price on shares of BellRing Brands in a research note on Friday, January 16th. TD Cowen restated a “hold” rating on shares of BellRing Brands in a research note on Thursday, January 8th. Stifel Nicolaus lowered their target price on shares of BellRing Brands from $50.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, William Blair restated an “outperform” rating on shares of BellRing Brands in a research note on Tuesday, February 3rd. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average price target of $35.88.
View Our Latest Report on BellRing Brands
Insider Buying and Selling
In related news, Director David Isaiah Finkelstein bought 2,000 shares of the stock in a transaction on Friday, February 13th. The shares were acquired at an average price of $17.75 per share, for a total transaction of $35,500.00. Following the purchase, the director owned 7,391 shares of the company’s stock, valued at approximately $131,190.25. The trade was a 37.10% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Institutional Investors Weigh In On BellRing Brands
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in BellRing Brands by 42.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after acquiring an additional 373 shares during the period. Farther Finance Advisors LLC raised its stake in BellRing Brands by 132.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 735 shares of the company’s stock worth $27,000 after acquiring an additional 419 shares during the period. Treasurer of the State of North Carolina raised its stake in BellRing Brands by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock worth $3,434,000 after acquiring an additional 456 shares during the period. Tower Research Capital LLC TRC raised its stake in BellRing Brands by 9.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after acquiring an additional 467 shares during the period. Finally, Larson Financial Group LLC raised its stake in BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after acquiring an additional 524 shares during the period. Institutional investors own 94.97% of the company’s stock.
BellRing Brands Trading Down 0.6%
NYSE BRBR opened at $16.13 on Friday. BellRing Brands has a 12 month low of $14.19 and a 12 month high of $79.57. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 5.22 and a beta of 0.73. The company’s 50 day moving average is $17.04 and its two-hundred day moving average is $24.95.
BellRing Brands (NYSE:BRBR – Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.06. BellRing Brands had a net margin of 7.88% and a negative return on equity of 64.79%. The company had revenue of $537.30 million for the quarter, compared to analysts’ expectations of $505.44 million. During the same quarter last year, the business earned $0.58 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Sell-side analysts forecast that BellRing Brands will post 2.23 EPS for the current year.
BellRing Brands Company Profile
BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.
The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.
BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.