BellRing Brands Target of Unusually High Options Trading (NYSE:BRBR)

BellRing Brands Inc. (NYSE:BRBR) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 3,365 call options on the stock. This represents an increase of approximately 190% compared to the typical daily volume of 1,161 call options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BRBR. Northwestern Mutual Wealth Management Co. boosted its holdings in BellRing Brands by 42.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock worth $72,000 after buying an additional 373 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in BellRing Brands by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock valued at $3,434,000 after acquiring an additional 456 shares during the period. Tower Research Capital LLC TRC raised its position in BellRing Brands by 9.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after acquiring an additional 467 shares during the period. Larson Financial Group LLC lifted its holdings in BellRing Brands by 128.7% during the fourth quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $25,000 after purchasing an additional 524 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of BellRing Brands by 5.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock worth $257,000 after purchasing an additional 536 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BRBR shares. Sanford C. Bernstein cut shares of BellRing Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $35.00 to $11.00 in a research report on Wednesday, May 6th. Stephens restated an “overweight” rating and set a $20.00 price target on shares of BellRing Brands in a report on Thursday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of BellRing Brands from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. UBS Group lifted their price target on BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Finally, TD Cowen upped their price target on BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BellRing Brands presently has a consensus rating of “Hold” and an average price target of $19.82.

BellRing Brands Stock Performance

BRBR stock opened at $10.89 on Thursday. The business’s 50-day moving average is $11.60 and its two-hundred day moving average is $14.41. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $43.02. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 6.77 and a beta of 0.45.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share (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 business had revenue of $570.40 million for the quarter, compared to the consensus estimate of $548.72 million. During the same quarter last year, the firm posted $0.55 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that BellRing Brands will post 1.03 earnings per share for the current year.

About BellRing Brands

BellRing Brands, Inc is a consumer packaged goods company specializing in high‐protein, better‐for‐you nutrition products. Formed in March 2020 as a spin‐off from Post Holdings, the company focuses on delivering convenient protein solutions to health‐conscious consumers through a portfolio of well‐known and emerging brands.

The company’s product offerings include ready‐to‐drink protein shakes, protein powders, nutrition bars and other performance nutrition items. BellRing Brands’ flagship brands include Premier Protein, a line of shakes and bars designed for everyday protein supplementation, as well as Dymatize and PowerBar, which cater to athletes and active individuals seeking advanced sports nutrition formulas.

BellRing Brands markets its products primarily across North America, leveraging relationships with major retailers, wholesale clubs and e-commerce platforms to reach consumers in the United States and Canada.