BellRing Brands (NYSE:BRBR) Sees Unusually-High Trading Volume – Time to Buy?

BellRing Brands Inc. (NYSE:BRBR) shares saw strong trading volume on Thursday. Approximately 3,315,342 shares changed 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.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on BellRing Brands from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. DA Davidson boosted their price objective on BellRing Brands from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen decreased their target price on BellRing Brands from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays raised their target price on BellRing Brands from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 target price 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 given a Sell rating to the stock. Based on data from MarketBeat, BellRing Brands has a consensus rating of “Hold” and a consensus target price of $19.10.

BellRing Brands Stock Up 3.5%

The stock’s 50-day moving average is $9.53 and its 200-day moving average is $11.32. The firm has a market cap of $1.04 billion, a P/E ratio of 6.31, a price-to-earnings-growth ratio of 3.95 and a beta of 0.43.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, August 4th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The company had revenue of $570.40 million for the quarter, compared to analyst estimates of $548.72 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. BellRing Brands’s revenue for the quarter was up 4.2% compared to the same quarter last year. 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 large investors have recently made changes to their positions in the stock. 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 valued at $155,000 after buying an additional 976 shares during the period. Parallel Advisors LLC grew its position in BellRing Brands by 52.2% during the first quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after buying an additional 1,109 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in BellRing Brands by 67.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company’s stock valued at $72,000 after acquiring an additional 1,809 shares during the period. IFP Advisors Inc increased its stake in BellRing Brands by 279.4% during the second quarter. IFP Advisors Inc now owns 3,957 shares of the company’s stock valued at $51,000 after acquiring an additional 2,914 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in BellRing Brands by 8.1% during 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 during the period. Institutional investors and hedge funds 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.