BellRing Brands, Inc. (NYSE:BRBR – Get Rating) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 4,600,000 shares, a decline of 9.1% from the August 15th total of 5,060,000 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is presently 4.1 days.
BellRing Brands Trading Down 3.3 %
Shares of NYSE:BRBR opened at $22.96 on Thursday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 29.82, a P/E/G ratio of 1.35 and a beta of 0.81. BellRing Brands has a 1-year low of $20.36 and a 1-year high of $32.95. The business has a 50-day moving average price of $24.40 and a two-hundred day moving average price of $24.43.
BellRing Brands (NYSE:BRBR – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $370.60 million during the quarter, compared to analysts’ expectations of $386.67 million. BellRing Brands had a negative return on equity of 4.53% and a net margin of 4.38%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, equities analysts predict that BellRing Brands will post 1.13 EPS for the current year.
Institutional Trading of BellRing Brands
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Mizuho upped their price target on shares of BellRing Brands from $33.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Citigroup reiterated a “buy” rating and set a $35.00 price target on shares of BellRing Brands in a research report on Tuesday, August 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.
About BellRing Brands
BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.
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