BellRing Brands, Inc. (NYSE:BRBR) Short Interest Up 11.5% in April

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 5,120,000 shares, an increase of 11.5% from the April 15th total of 4,590,000 shares. Based on an average daily trading volume, of 1,210,000 shares, the short-interest ratio is currently 4.2 days.

Analysts Set New Price Targets

BRBR has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of BellRing Brands in a report on Thursday, February 1st. They issued a "buy" rating and a $67.00 price target on the stock. Mizuho increased their target price on shares of BellRing Brands from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. TD Cowen increased their target price on shares of BellRing Brands from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 8th. Stephens reiterated an "equal weight" rating and issued a $53.00 target price on shares of BellRing Brands in a research report on Tuesday, May 7th. Finally, Morgan Stanley raised their price objective on shares of BellRing Brands from $61.00 to $65.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.83.

BellRing Brands Trading Down 1.4 %

BRBR stock traded down $0.82 during mid-day trading on Friday, reaching $57.41. 1,047,566 shares of the stock traded hands, compared to its average volume of 1,221,227. The stock's fifty day moving average is $57.83 and its 200-day moving average is $55.01. The company has a market cap of $7.52 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.94 and a beta of 0.85. BellRing Brands has a 52-week low of $34.58 and a 52-week high of $62.76.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. The firm had revenue of $494.60 million for the quarter, compared to analyst estimates of $467.22 million. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The company's revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. Equities research analysts expect that BellRing Brands will post 1.78 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Robert V. Vitale sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total value of $902,250.00. Following the completion of the transaction, the chairman now owns 215,054 shares of the company's stock, valued at $12,935,498.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.80% of the stock is owned by insiders.

Institutional Trading of BellRing Brands

Several hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in BellRing Brands in the first quarter valued at about $32,000. Parallel Advisors LLC lifted its stake in shares of BellRing Brands by 153.6% during the fourth quarter. Parallel Advisors LLC now owns 596 shares of the company's stock valued at $33,000 after acquiring an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands during the first quarter valued at $37,000. Global Wealth Management Investment Advisory Inc. acquired a new position in BellRing Brands in the fourth quarter valued at about $44,000. Finally, Allworth Financial LP lifted its stake in BellRing Brands by 59.2% in the third quarter. Allworth Financial LP now owns 1,008 shares of the company's stock valued at $42,000 after buying an additional 375 shares during the period. Institutional investors own 94.97% of the company's stock.

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.