Short Interest in BellRing Brands, Inc. (NYSE:BRBR) Rises By 13.2%

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,710,000 shares, an increase of 13.2% from the November 30th total of 1,510,000 shares. Based on an average daily volume of 935,700 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

BRBR has been the subject of several analyst reports. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Bank of America increased their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Mizuho raised their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, Stephens upped their target price on BellRing Brands from $61.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $75.60.

BellRing Brands Stock Performance

Shares of BRBR stock traded down $0.30 during trading hours on Wednesday, reaching $75.34. The company had a trading volume of 562,912 shares, compared to its average volume of 1,182,646. The stock's fifty day simple moving average is $73.92 and its 200 day simple moving average is $62.99. The company has a market capitalization of $9.70 billion, a P/E ratio of 40.29, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $79.90.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. BellRing Brands's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. As a group, equities analysts expect that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently modified their holdings of BRBR. Chartwell Investment Partners LLC boosted its stake in BellRing Brands by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company's stock valued at $1,393,000 after acquiring an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company's stock worth $540,000 after acquiring an additional 242 shares during the last quarter. Quarry LP increased its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after acquiring an additional 378 shares during the period. Crossmark Global Holdings Inc. lifted its position in BellRing Brands by 5.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,746 shares of the company's stock valued at $531,000 after purchasing an additional 429 shares during the last quarter. Finally, KBC Group NV boosted its stake in BellRing Brands by 14.1% during the 3rd quarter. KBC Group NV now owns 3,583 shares of the company's stock valued at $218,000 after purchasing an additional 443 shares during the period. Institutional investors and hedge funds own 94.97% of the company's stock.

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.