BellRing Brands, Inc. (NYSE:BRBR) Short Interest Down 5.6% in August

BellRing Brands, Inc. (NYSE:BRBR) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 2,370,000 shares, a decline of 5.6% from the August 15th total of 2,510,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of BellRing Brands

Large investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in shares of BellRing Brands during the 2nd quarter worth about $28,000. Rise Advisors LLC bought a new stake in shares of BellRing Brands during the 1st quarter worth about $32,000. Parallel Advisors LLC boosted its stake in shares of BellRing Brands by 153.6% during the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock worth $33,000 after acquiring an additional 361 shares in the last quarter. Quarry LP boosted its stake in shares of BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after acquiring an additional 615 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BRBR. Deutsche Bank Aktiengesellschaft dropped their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Stephens reissued an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. dropped their price target on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.64.

BellRing Brands Price Performance

Shares of BRBR stock opened at $59.57 on Wednesday. BellRing Brands has a fifty-two week low of $39.90 and a fifty-two week high of $62.76. The stock’s 50-day moving average is $54.21 and its two-hundred day moving average is $56.63. The firm has a market cap of $7.77 billion, a P/E ratio of 41.37, a PEG ratio of 1.51 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.10. The company had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. As a group, research analysts expect that BellRing Brands will post 1.9 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.