BellRing Brands, Inc. (NYSE:BRBR) Short Interest Up 24.2% in February

BellRing Brands, Inc. (NYSE:BRBR) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 2,770,000 shares, an increase of 24.2% from the February 13th total of 2,230,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 2.3 days. Currently, 2.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BRBR. TD Cowen raised their price target on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. DA Davidson restated a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Stephens restated an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $78.79.

Insider Activity at BellRing Brands

In related news, Director Robert V. Vitale sold 44,249 shares of BellRing Brands stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total value of $3,423,545.13. Following the completion of the transaction, the director now directly owns 938,457 shares in the company, valued at approximately $72,608,418.09. This trade represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 218,636 shares of company stock worth $16,677,550. Company insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors have recently modified their holdings of the company. SeaBridge Investment Advisors LLC raised its holdings in BellRing Brands by 0.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after acquiring an additional 142 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares during the last quarter. Dorsey Wright & Associates boosted its position in BellRing Brands by 0.3% during the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock worth $3,799,000 after purchasing an additional 163 shares during the period. Argonautica Private Wealth Management Inc. increased its holdings in BellRing Brands by 3.0% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after purchasing an additional 185 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in BellRing Brands by 5.7% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock valued at $264,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Stock Down 1.2 %

BRBR stock traded down $0.85 during trading on Tuesday, hitting $68.38. The company had a trading volume of 1,260,705 shares, compared to its average volume of 1,127,669. The firm has a market cap of $8.77 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 2.24 and a beta of 0.85. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $80.67. The firm has a 50-day moving average price of $73.63 and a 200-day moving average price of $70.22.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. Sell-side analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

BellRing Brands announced that its Board of Directors has approved a stock buyback program on Thursday, March 6th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to buy up to 3.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.