Stock Traders Purchase Large Volume of BellRing Brands Put Options (NYSE:BRBR)


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BellRing Brands, Inc. (NYSE:BRBR) saw some unusual options trading on Wednesday. Stock traders bought 2,169 put options on the stock. This represents an increase of 3,456% compared to the typical volume of 61 put options.

Several brokerages have weighed in on BRBR. Truist raised shares of BellRing Brands from a “hold” rating to a “buy” rating and raised their price objective for the stock from $20.00 to $35.00 in a report on Tuesday, January 26th. Consumer Edge upgraded BellRing Brands from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research note on Thursday, February 11th. Jefferies Financial Group upped their price objective on BellRing Brands from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 12th. Morgan Stanley lifted their target price on BellRing Brands from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 9th. Finally, Credit Suisse Group lowered BellRing Brands from an “outperform” rating to a “neutral” rating in a research report on Thursday, January 28th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.23.

NYSE BRBR opened at $24.11 on Thursday. The company has a 50-day moving average price of $24.26 and a two-hundred day moving average price of $22.88. BellRing Brands has a 52 week low of $15.28 and a 52 week high of $26.53. The stock has a market cap of $950.63 million, a price-to-earnings ratio of 40.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Friday, February 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. BellRing Brands had a negative return on equity of 1.13% and a net margin of 2.38%. The business had revenue of $282.40 million during the quarter, compared to analyst estimates of $270.54 million. As a group, equities research analysts anticipate that BellRing Brands will post 0.79 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of BellRing Brands by 8.5% during the fourth quarter. BlackRock Inc. now owns 3,097,259 shares of the company’s stock valued at $75,295,000 after purchasing an additional 243,352 shares in the last quarter. JPMorgan Chase & Co. increased its stake in BellRing Brands by 811.2% during the 4th quarter. JPMorgan Chase & Co. now owns 725,916 shares of the company’s stock valued at $17,646,000 after buying an additional 646,248 shares during the period. Nuveen Asset Management LLC raised its position in shares of BellRing Brands by 9.4% during the 4th quarter. Nuveen Asset Management LLC now owns 573,464 shares of the company’s stock worth $13,941,000 after buying an additional 49,134 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of BellRing Brands by 278.6% in the 4th quarter. Wells Fargo & Company MN now owns 470,629 shares of the company’s stock worth $11,441,000 after acquiring an additional 346,317 shares during the period. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of BellRing Brands by 154.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 369,421 shares of the company’s stock valued at $8,981,000 after acquiring an additional 224,098 shares in the last quarter. 98.86% of the stock is owned by institutional investors.

About BellRing Brands

BellRing Brands, Inc manufactures and sells nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, and nutrition bars and supplements. The company provides its products primarily under the Premier Protein, Premier Nutrition, Dymatize, PowerBar, Bell Ring, Joint Juice, and Supreme Protein brands.

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