BellRing Brands (NYSE:BRBR) Stock Jumps 11.1% – Time to Buy?

BellRing Brands Inc. (NYSE:BRBR)’s share price shot up 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 changed hands during trading, a decline of 84% from the average session volume of 4,359,354 shares. The stock had previously closed at $9.42.

Wall Street Analyst Weigh In

BRBR has been the subject of several analyst reports. Barclays lowered their price target on shares of BellRing Brands from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Weiss Ratings restated a “sell (d)” rating on shares of BellRing Brands in a report on Tuesday, October 6th. Stephens restated an “overweight” rating and issued a $20.00 price objective on shares of BellRing Brands in a report on Thursday, July 9th. BNP Paribas Exane assumed coverage on shares of BellRing Brands in a research note on Friday, October 9th. They issued an “outperform” rating and a $12.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of 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 given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $18.57.

BellRing Brands Trading Down 6.5%

The company has a market capitalization of $1.07 billion, a P/E ratio of 6.46, a PEG ratio of 4.86 and a beta of 0.47. The business has a 50 day moving average price of $9.06 and a 200 day moving average price of $13.11.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.07). The firm had revenue of $570.40 million for the quarter, compared to the consensus estimate of $548.72 million. BellRing Brands had a negative return on equity of 33.04% and a net margin of 7.28%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. On average, analysts forecast that BellRing Brands Inc. will post 1.02 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

A number of large investors have recently made changes to their positions in BRBR. Russell Investments Group Ltd. increased its position in shares of BellRing Brands by 43.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 53,295 shares of the company’s stock worth $410,000 after purchasing an additional 16,227 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of BellRing Brands during the 3rd quarter worth approximately $88,000. Jefferies Financial Group Inc. acquired a new stake in shares of BellRing Brands in the 3rd quarter valued at approximately $2,591,000. Fulcrum Asset Management LLP boosted its holdings in shares of BellRing Brands by 759.5% in the 3rd quarter. Fulcrum Asset Management LLP now owns 63,267 shares of the company’s stock valued at $490,000 after buying an additional 55,906 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of BellRing Brands by 3.3% in the 3rd quarter. Pictet Asset Management Holding SA now owns 451,965 shares of the company’s stock valued at $3,476,000 after buying an additional 14,241 shares during the last quarter. Institutional investors 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.