HB Wealth Management LLC Raises Stake in BellRing Brands Inc. $BRBR

HB Wealth Management LLC raised its position in shares of BellRing Brands Inc. (NYSE:BRBR) by 21.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,021 shares of the company’s stock after purchasing an additional 705 shares during the quarter. HB Wealth Management LLC’s holdings in BellRing Brands were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in BellRing Brands during the first quarter valued at $280,000. GAMMA Investing LLC raised its stake in BellRing Brands by 12.2% during the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company’s stock valued at $172,000 after purchasing an additional 252 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in BellRing Brands by 0.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company’s stock valued at $5,365,000 after purchasing an additional 438 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in BellRing Brands by 71.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company’s stock valued at $661,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in BellRing Brands by 31.6% during the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company’s stock valued at $1,384,000 after purchasing an additional 4,461 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

Insider Activity

In related news, insider Craig L. Rosenthal acquired 2,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, with a total value of $96,954.00. Following the transaction, the insider directly owned 33,475 shares of the company’s stock, valued at $1,248,282.75. This trade represents a 8.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Shawn Conway acquired 1,316 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was bought at an average cost of $49,999.99 per share, with a total value of $65,799,986.84. Following the completion of the transaction, the director directly owned 8,001 shares in the company, valued at $400,049,919.99. The trade was a 19.69% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 6,616 shares of company stock worth $65,995,248 and have sold 6,400 shares worth $358,352. Company insiders own 1.07% of the company’s stock.

BellRing Brands Stock Performance

NYSE:BRBR opened at $34.84 on Wednesday. BellRing Brands Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $80.67. The stock has a market capitalization of $4.39 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.57 and a beta of 0.75. The company’s 50-day simple moving average is $39.42 and its 200-day simple moving average is $56.17.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results 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. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $530.76 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. On average, research analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its Board of Directors has authorized a stock buyback program on Tuesday, September 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BRBR shares. Jefferies Financial Group upped their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Evercore ISI cut their price objective on shares of BellRing Brands from $82.00 to $64.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 6th. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Barclays cut their price objective on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, August 7th. Finally, Mizuho cut their price objective on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus target price of $64.80.

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.