BellRing Brands (NYSE:BRBR) Stock Jumps 11.1% – Still a Buy?

BellRing Brands Inc. (NYSE:BRBR) rose 11.1% during mid-day trading on Wednesday. The company traded as high as $10.45 and last traded at $10.47. Approximately 711,824 shares were traded during mid-day trading, a decline of 84% from the average session volume of 4,359,354 shares. The stock had previously closed at $9.42.

Analyst Ratings Changes

A number of research firms have commented on BRBR. Stephens restated an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a research note on Thursday, July 9th. Stifel Nicolaus boosted their price objective on BellRing Brands from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. TD Cowen decreased their target price on BellRing Brands from $12.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, October 13th. UBS Group set a $9.50 target price on BellRing Brands in a report on Thursday, October 15th. Finally, JPMorgan Chase & Co. lowered their target price on BellRing Brands from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Tuesday, October 27th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.57.

BellRing Brands Stock Up 9.4%

The business has a 50-day moving average price of $9.09 and a two-hundred day moving average price of $13.25. The firm has a market cap of $1.20 billion, a PE ratio of 7.25, a price-to-earnings-growth ratio of 4.49 and a beta of 0.47.

BellRing Brands (NYSE:BRBR) last released its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $548.72 million. During the same quarter last year, the business posted $0.55 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts predict that BellRing Brands Inc. will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of BellRing Brands

Several hedge funds have recently added to or reduced their stakes in BRBR. Leonteq Securities AG raised its holdings in BellRing Brands by 11.3% during the first quarter. Leonteq Securities AG now owns 9,627 shares of the company’s stock worth $155,000 after purchasing an additional 976 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of BellRing Brands by 52.2% during the 1st quarter. Parallel Advisors LLC now owns 3,232 shares of the company’s stock worth $52,000 after buying an additional 1,109 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of BellRing Brands by 67.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,488 shares of the company’s stock worth $72,000 after buying an additional 1,809 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of 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 in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of BellRing Brands by 8.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 46,580 shares of the company’s stock valued at $603,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc is a consumer nutrition company that develops, markets and sells protein-focused products. Its portfolio is led by Premier Protein, which offers ready-to-drink protein shakes, protein bars, powders and other nutrition products, and Dymatize, a sports nutrition brand known for protein powders, supplements and related products.

The company sells its products through a range of retail and e-commerce channels, including grocery, mass retail, club, drug and specialty nutrition outlets.