Redwood Wealth Management Group LLC Makes New Investment in BellRing Brands Inc. $BRBR

Redwood Wealth Management Group LLC purchased a new position in shares of BellRing Brands Inc. (NYSE:BRBR) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 14,700 shares of the company’s stock, valued at approximately $852,000.

Several other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. increased its position in shares of BellRing Brands by 0.9% during the 1st quarter. Xponance Inc. now owns 15,221 shares of the company’s stock worth $1,133,000 after purchasing an additional 142 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of BellRing Brands by 2.5% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company’s stock worth $478,000 after purchasing an additional 157 shares during the last quarter. McIlrath & Eck LLC increased its position in shares of BellRing Brands by 13.6% during the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company’s stock worth $105,000 after purchasing an additional 169 shares during the last quarter. Stephens Inc. AR increased its position in shares of BellRing Brands by 5.0% during the 1st quarter. Stephens Inc. AR now owns 3,705 shares of the company’s stock worth $276,000 after purchasing an additional 175 shares during the last quarter. Finally, TCTC Holdings LLC increased its position in shares of BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Trading Down 0.5%

BRBR opened at $30.05 on Friday. BellRing Brands Inc. has a 1-year low of $29.90 and a 1-year high of $80.67. The stock’s fifty day simple moving average is $36.03 and its 200 day simple moving average is $50.94. The stock has a market cap of $3.79 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.75.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.22 EPS for the quarter. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The firm had revenue of $282.40 million for the quarter. Equities analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its Board of Directors has approved a share repurchase plan on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Craig L. Rosenthal acquired 2,600 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of $37.29 per share, with a total value of $96,954.00. Following the acquisition, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. This represents a 8.42% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Shawn Conway acquired 2,700 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $36.41 per share, for a total transaction of $98,307.00. Following the completion of the acquisition, the director owned 6,685 shares in the company, valued at approximately $243,400.85. This represents a 67.75% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 6,616 shares of company stock worth $65,995,248. Insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BellRing Brands in a research report on Wednesday, October 8th. Barclays decreased their target price on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Mizuho dropped their price target on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, August 18th. Sanford C. Bernstein initiated coverage on BellRing Brands in a research note on Thursday, October 23rd. They issued an “outperform” rating and a $46.00 price target on the stock. Finally, Morgan Stanley dropped their price target on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 6th. Fourteen research 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. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $61.56.

BellRing Brands Company 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.