BellRing Brands Sees Unusually High Options Volume (NYSE:BRBR)

BellRing Brands Inc. (NYSE:BRBR) saw unusually large options trading on Wednesday. Stock investors acquired 3,365 call options on the stock. This represents an increase of approximately 190% compared to the average volume of 1,161 call options.

Analysts Set New Price Targets

BRBR has been the subject of several recent research reports. Barclays lifted their price objective on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Sanford C. Bernstein lowered shares of BellRing Brands from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $35.00 to $11.00 in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $13.00 target price (down from $24.00) on shares of BellRing Brands in a report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. boosted their price target on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.82.

BellRing Brands Price Performance

Shares of BRBR traded down $0.38 during mid-day trading on Wednesday, reaching $11.17. The company’s stock had a trading volume of 280,860 shares, compared to its average volume of 4,676,014. BellRing Brands has a 12-month low of $7.82 and a 12-month high of $43.02. The stock has a market cap of $1.30 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 6.67 and a beta of 0.45. The company’s 50 day moving average is $11.56 and its 200 day moving average is $14.53.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The business had revenue of $570.40 million for the quarter, compared to analysts’ expectations of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%.BellRing Brands’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts anticipate that BellRing Brands will post 1.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in BellRing Brands during the 2nd quarter worth $42,868,000. Handelsbanken Fonder AB boosted its stake in BellRing Brands by 8.1% in the second quarter. Handelsbanken Fonder AB now owns 46,580 shares of the company’s stock valued at $603,000 after acquiring an additional 3,500 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of BellRing Brands by 96.8% during the second quarter. GAMMA Investing LLC now owns 7,760 shares of the company’s stock worth $100,000 after purchasing an additional 3,816 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of BellRing Brands by 2,125.3% during the first quarter. Pacer Advisors Inc. now owns 590,362 shares of the company’s stock worth $9,499,000 after purchasing an additional 563,833 shares during the last quarter. Finally, Militia Capital Management LLC acquired a new stake in shares of BellRing Brands during the first quarter worth about $386,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.