BellRing Brands (NYSE:BRBR) Sees Large Volume Increase - Still a Buy?

Key Points

• BellRing Brands shares rose to $9.22 from a previous close of $8.66, while mid-day trading volume reached 3.3 million shares—25% below the prior session.
• Analyst sentiment is mixed, with ten Buy, eight Hold, and one Sell rating; the consensus rating is Hold, although the average price target of $19.10 is well above the current share price.
• The company beat revenue expectations with $570.4 million, up 4.2% year over year, but missed quarterly EPS estimates ($0.30 versus $0.37). Institutional investors own approximately 95% of the stock.

BellRing Brands Inc. (NYSE:BRBR - Get Free Report) shares saw an uptick in trading volume on Thursday. 3,315,342 shares traded hands during mid-day trading, a decline of 25% from the previous session's volume of 4,405,617 shares. The stock last traded at $9.22 and had previously closed at $8.66.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of research reports. UBS Group lifted their target price on shares of BellRing Brands from $12.00 to $13.50 and gave the company a "neutral" rating in a research note on Thursday, July 16th. BNP Paribas Exane assumed coverage on shares of BellRing Brands in a report on Friday, October 9th. They set an "outperform" rating and a $12.00 price target on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of BellRing Brands in a research note on Tuesday, October 6th. Barclays upped their price target on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Stephens reiterated an "overweight" rating and set a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $19.10.

BellRing Brands Stock Performance

The company has a 50 day moving average of $9.53 and a 200 day moving average of $11.32. The firm has a market cap of $1.04 billion, a P/E ratio of 6.31, a PEG ratio of 3.95 and a beta of 0.43.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. BellRing Brands's revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. As a group, analysts expect that BellRing Brands Inc. will post 1.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Leonteq Securities AG lifted its stake in shares of BellRing Brands by 11.3% in the first quarter. Leonteq Securities AG now owns 9,627 shares of the company's stock worth $155,000 after buying an additional 976 shares during the last quarter. Parallel Advisors LLC grew its stake in BellRing Brands by 52.2% in the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company's stock valued at $52,000 after buying an additional 1,109 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in BellRing Brands by 67.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company's stock valued at $72,000 after buying an additional 1,809 shares during the last quarter. IFP Advisors Inc grew its stake in BellRing Brands by 279.4% in the 2nd quarter. IFP Advisors Inc now owns 3,957 shares of the company's stock valued at $51,000 after buying an additional 2,914 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in BellRing Brands by 8.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 46,580 shares of the company's stock worth $603,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 94.97% of the company's stock.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company focused on convenient nutrition products. The company develops, markets and sells ready-to-drink protein shakes, protein powders, protein bars and other sports-nutrition products designed for consumers seeking portable sources of protein and nutrition.

BellRing's principal brands include Premier Protein, which offers shakes, powders and bars, and Dymatize, a sports-nutrition brand known for protein powders and related nutritional products.

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