Amundi Cuts Holdings in BellRing Brands Inc. $BRBR

Amundi trimmed its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 68.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,396 shares of the company’s stock after selling 47,888 shares during the period. Amundi’s holdings in BellRing Brands were worth $1,653,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Focus Partners Advisor Solutions LLC lifted its holdings in shares of BellRing Brands by 75.1% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,712 shares of the company’s stock valued at $425,000 after buying an additional 2,450 shares during the period. Alamea Verwaltungs GmbH bought a new position in shares of BellRing Brands during the 1st quarter valued at $602,000. DRW Securities LLC bought a new position in shares of BellRing Brands during the 1st quarter valued at $245,000. Junto Capital Management LP bought a new position in shares of BellRing Brands during the 1st quarter valued at $97,725,000. Finally, Baird Financial Group Inc. bought a new position in shares of BellRing Brands during the 1st quarter valued at $38,642,000. 94.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BRBR has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Truist Financial lowered their price target on BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, August 6th. DA Davidson raised BellRing Brands from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. initiated coverage on BellRing Brands in a report on Wednesday, August 20th. They set an “overweight” rating and a $52.00 price target on the stock. Finally, UBS Group lowered their price target on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.80.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $38.12 on Friday. BellRing Brands Inc. has a 52-week low of $34.02 and a 52-week high of $80.67. The firm has a market capitalization of $4.80 billion, a PE ratio of 21.78, a PEG ratio of 1.82 and a beta of 0.74. The stock has a fifty day simple moving average of $46.43 and a two-hundred day simple moving average of $60.17.

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

BellRing Brands declared that its Board of Directors has authorized a share buyback plan on Tuesday, September 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other BellRing Brands news, Director Shawn Conway purchased 1,316 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was acquired at an average price of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the purchase, the director owned 8,001 shares of the company’s stock, valued at approximately $400,049,919.99. This represents a 19.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Craig L. Rosenthal acquired 2,600 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average price of $37.29 per share, with a total value of $96,954.00. Following the transaction, the insider owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. This represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,616 shares of company stock worth $65,995,248 and sold 11,200 shares worth $638,640. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Profile

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.