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

Key Points

• BellRing Brands experienced a significant spike in options trading, with 19,736 put options acquired, marking an increase of approximately 809% from the average volume.
• CEO Darcy Horn Davenport sold 1,600 shares for $87,088, reducing their ownership stake in the company by 0.81%, while insiders sold a total of 12,800 shares worth $749,536 in the last quarter.
• Institutional investors now hold 94.97% of BellRing Brands' stock, with multiple firms significantly increasing their stakes, indicating strong institutional interest in the company.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) was the target of some unusual options trading on Monday. Stock traders acquired 19,736 put options on the company. Thisrepresentsanincreaseofapproximately809% compared to the average volume of 2,170 put options.

Insiders Place Their Bets

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $54.43, for a total transaction of $87,088.00. Following the sale, the chief executive officer owned 195,578 shares in the company, valued at $10,645,310.54. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 12,800 shares of company stock worth $749,536 in the last quarter. Company insiders own 1.07% of the company's stock.

Institutional Trading of BellRing Brands

Large investors have recently modified their holdings of the business. William Blair Investment Management LLC bought a new stake in BellRing Brands during the 2nd quarter valued at approximately $124,777,000. Axiom Investors LLC DE lifted its stake in shares of BellRing Brands by 418.1% in the 1st quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company's stock valued at $167,455,000 after purchasing an additional 1,814,811 shares during the period. AQR Capital Management LLC lifted its stake in shares of BellRing Brands by 284.2% in the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company's stock valued at $171,663,000 after purchasing an additional 1,685,525 shares during the period. Junto Capital Management LP purchased a new position in shares of BellRing Brands in the 1st quarter valued at approximately $97,725,000. Finally, Invesco Ltd. lifted its stake in shares of BellRing Brands by 35.7% in the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock valued at $321,429,000 after purchasing an additional 1,121,691 shares during the period. 94.97% of the stock is owned by institutional investors.

BellRing Brands Stock Performance

Shares of NYSE BRBR traded down $0.81 during trading hours on Monday, hitting $53.30. The company's stock had a trading volume of 758,961 shares, compared to its average volume of 1,835,969. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 1.76 and a beta of 0.72. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $80.67. The business has a 50-day simple moving average of $58.69 and a 200-day simple moving average of $67.57.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $588.00 million for the quarter, compared to analysts' expectations of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. BellRing Brands's quarterly revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that BellRing Brands will post 2.23 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Mizuho lowered their price target on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 28th. Barclays set a $75.00 price target on BellRing Brands and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Evercore ISI lowered their price target on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. UBS Group reduced their price objective on BellRing Brands from $71.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, July 17th. Finally, Citigroup decreased their price objective on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $76.06.

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.

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