BellRing Brands Inc. (NYSE:BRBR – Get Free Report) saw some unusual options trading on Wednesday. Stock traders bought 3,365 call options on the company. This is an increase of approximately 190% compared to the typical volume of 1,161 call options.
BellRing Brands Stock Performance
BellRing Brands stock opened at $10.99 on Friday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 6.36 and a beta of 0.45. BellRing Brands has a fifty-two week low of $7.82 and a fifty-two week high of $43.02. The stock’s fifty day moving average is $11.64 and its two-hundred day moving average is $14.30.
BellRing Brands (NYSE:BRBR – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07). The firm had revenue of $570.40 million during the quarter, compared to analysts’ expectations of $548.72 million. BellRing Brands had a net margin of 7.28% and a negative return on equity of 33.04%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.55 EPS. As a group, sell-side analysts forecast that BellRing Brands will post 1.03 EPS for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on BellRing Brands
Hedge Funds Weigh In On BellRing Brands
Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BellRing Brands by 42.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,248 shares of the company’s stock valued at $72,000 after purchasing an additional 373 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of BellRing Brands by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 59,286 shares of the company’s stock worth $3,434,000 after purchasing an additional 456 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of BellRing Brands by 9.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,318 shares of the company’s stock worth $308,000 after purchasing an additional 467 shares in the last quarter. Larson Financial Group LLC raised its position in shares of BellRing Brands by 128.7% during the 4th quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock worth $25,000 after purchasing an additional 524 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of BellRing Brands by 5.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,599 shares of the company’s stock worth $257,000 after purchasing an additional 536 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.
BellRing Brands Company Profile
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.
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