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

BellRing Brands Inc. (NYSE:BRBR) saw unusually large options trading on Wednesday. Stock traders bought 3,365 call options on the stock. This is an increase of approximately 190% compared to the average volume of 1,161 call options.

BellRing Brands Price Performance

Shares of BRBR stock traded down $0.38 during midday trading on Wednesday, hitting $11.17. The company had a trading volume of 280,860 shares, compared to its average volume of 4,676,014. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 6.67 and a beta of 0.45. The company’s 50 day simple moving average is $11.56 and its 200 day simple moving average is $14.53. BellRing Brands has a 52-week low of $7.82 and a 52-week high of $43.02.

BellRing Brands (NYSE:BRBR) last released its quarterly 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 negative return on equity of 33.04% and a net margin of 7.28%.The company had revenue of $570.40 million for the quarter, compared to analysts’ expectations of $548.72 million. During the same quarter last year, the company earned $0.55 EPS. BellRing Brands’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts anticipate that BellRing Brands will post 1.03 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BRBR. UBS Group increased their price objective on BellRing Brands from $12.00 to $13.50 and gave the company a “neutral” rating in a report on Thursday, July 16th. Zacks Research raised shares of BellRing Brands from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of BellRing Brands in a research report on Friday, July 10th. TD Cowen increased their price target on shares of BellRing Brands from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Barclays raised their price objective on shares of BellRing Brands from $13.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of “Hold” and a consensus price target of $19.82.

Institutional Trading of BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. AQR Capital Management LLC boosted its holdings in BellRing Brands by 86.9% in the 4th quarter. AQR Capital Management LLC now owns 7,006,847 shares of the company’s stock valued at $187,013,000 after purchasing an additional 3,258,035 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of BellRing Brands by 30.5% during the 3rd quarter. Wasatch Advisors LP now owns 6,750,018 shares of the company’s stock worth $245,363,000 after buying an additional 1,575,812 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of BellRing Brands by 156.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,830,164 shares of the company’s stock valued at $102,380,000 after buying an additional 2,336,029 shares during the period. Wellington Management Group LLP lifted its holdings in shares of BellRing Brands by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 3,691,528 shares of the company’s stock valued at $134,187,000 after buying an additional 19,471 shares during the period. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of BellRing Brands in the second quarter valued at approximately $42,868,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.