BellRing Brands (NYSE:BRBR) Board of Directors Authorizes Share Buyback Program

BellRing Brands (NYSE:BRBR) declared that its Board of Directors has initiated a stock buyback plan on Tuesday, September 2nd, RTT News reports. The company plans to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group upped their target price on BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Barclays reduced their target price on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. JPMorgan Chase & Co. assumed coverage on BellRing Brands in a research report on Wednesday, August 20th. They set an “overweight” rating and a $52.00 target price on the stock. DA Davidson raised BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, May 27th. Finally, Stephens raised BellRing Brands from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $68.00 to $50.00 in a report on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $64.80.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $41.66 on Wednesday. The stock’s 50-day simple moving average is $49.51 and its 200-day simple moving average is $62.08. The firm has a market capitalization of $5.25 billion, a PE ratio of 23.81, a P/E/G ratio of 2.00 and a beta of 0.74. BellRing Brands has a fifty-two week low of $34.02 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.06. The business had revenue of $547.50 million for the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. Sell-side analysts forecast that BellRing Brands will post 2.23 earnings per share for the current year.

Insider Transactions at BellRing Brands

In related news, Director Shawn Conway bought 1,316 shares of the stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the completion of the purchase, the director directly owned 8,001 shares of the company’s stock, valued at $400,049,919.99. This represents a 19.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig L. Rosenthal bought 2,600 shares of the stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the purchase, the insider directly owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 6,616 shares of company stock worth $65,995,248 and have sold 12,800 shares worth $735,568. Company insiders own 1.07% of the company’s stock.

About BellRing Brands

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.