BellRing Brands, Inc. (NYSE:BRBR) Short Interest Update

BellRing Brands, Inc. (NYSE:BRBR) experienced a notable increase in short interest during February. By February 28th, short interest reached 2,770,000 shares, reflecting a significant rise of 24.2% from 2,230,000 shares recorded on February 13th. Approximately 2.2% of the company's total shares are currently short sold. With an average trading volume of 1,200,000 shares per day, this gives the stock a days-to-cover ratio of 2.3 days.

BellRing Brands Price Performance

On Monday, BellRing Brands shares increased by $1.77, closing at $69.25. The trading volume that day was 1,256,360 shares, exceeding its average volume of 1,122,098 shares. The company has a market capitalization of $8.88 billion. Its price-to-earnings (P/E) ratio stands at 32.51, while the price-to-earnings-to-growth (P/E/G) ratio is 2.24. The beta value for the stock is 0.85. Over the last year, BellRing’s stock has experienced a low of $48.06 and a high of $80.67. Currently, the company’s 50-day moving average price is $73.63, and the 200-day moving average price is $70.22.

Recent Earnings Announcement

BellRing Brands released its latest quarterly earnings report on February 3rd, reporting earnings of $0.58 per share (EPS), which surpassed the analysts' average estimate of $0.47 by $0.11. The company recorded a net margin of 13.32% alongside a negative return on equity of 130.14%. Analysts predict that BellRing Brands will have an EPS of 2.23 for the current fiscal year.

Share Buyback Plan

On March 6th, BellRing Brands' Board of Directors announced a new share buyback program, allowing for the repurchase of up to $300 million in shares. This plan indicates a belief from the management that the stock is undervalued, as it permits the buyback of approximately 3.4% of its total shares through open market purchases.

Insider Transactions

In insider news, Director Robert V. Vitale sold 28,453 shares of the company's stock on February 12th for an average price of $76.91, totaling approximately $2.19 million. After the sale, he still owns about 1,110,004 shares, valued at approximately $85.37 million. This sale represented a 2.50% decrease in his holdings. In the past three months, insiders sold a total of 218,636 shares worth about $16.68 million, and insiders currently hold about 1.07% of the stock.

Institutional Investments

Several institutional investors have made changes to their holdings of BellRing Brands recently. UMB Bank n.a. boosted its stake by 69.4% in the fourth quarter. Other firms like Truvestments Capital LLC and Colonial Trust Co SC also initiated new positions in the company. In total, institutional investors own approximately 94.97% of BellRing’s stock.

Analyst Ratings and Predictions

Research analysts have varied opinions on BellRing Brands. Citigroup recently raised its price target from $83.00 to $90.00, giving the company a "buy" rating. Other firms like TD Cowen and Truist Financial have also increased their price targets. Currently, the stock has an average rating of "Moderate Buy" with an average price target of $78.79, based on observations from multiple analysts.

About BellRing Brands

BellRing Brands, Inc. specializes in producing nutrition products in the United States. Its product offerings include ready-to-drink protein shakes, powders, and nutrition bars, primarily sold under the Premier Protein and Dymatize brands. The company distributes its products through various channels including club stores, food retailers, and online platforms.

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