Robeco Institutional Asset Management B.V. Cuts Stock Position in BellRing Brands Inc. $BRBR

Robeco Institutional Asset Management B.V. lowered its holdings in BellRing Brands Inc. (NYSE:BRBRFree Report) by 86.4% during the 2nd quarter, Holdings Channel reports. The firm owned 9,829 shares of the company’s stock after selling 62,222 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in BellRing Brands were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Xponance Inc. raised its stake in shares of BellRing Brands by 0.9% in the first quarter. Xponance Inc. now owns 15,221 shares of the company’s stock valued at $1,133,000 after buying an additional 142 shares during the period. Argonautica Private Wealth Management Inc. raised its stake 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 valued at $478,000 after purchasing an additional 157 shares during the period. McIlrath & Eck LLC raised its stake 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 valued at $105,000 after purchasing an additional 169 shares during the period. Stephens Inc. AR grew its position in BellRing Brands by 5.0% during the first quarter. Stephens Inc. AR now owns 3,705 shares of the company’s stock worth $276,000 after buying an additional 175 shares in the last quarter. Finally, TCTC Holdings LLC grew its position in BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, insider Craig L. Rosenthal purchased 2,600 shares of the firm’s stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $37.29 per share, with a total value of $96,954.00. Following the completion of the acquisition, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. The trade was a 8.42% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the sale, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 6,400 shares valued at $358,352. Insiders own 1.07% of the company’s stock.

BellRing Brands Stock Performance

NYSE BRBR opened at $34.81 on Thursday. The business’s fifty day moving average is $39.02 and its 200 day moving average is $56.02. The company has a market capitalization of $4.39 billion, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75. BellRing Brands Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBRGet Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.55 EPS 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 analysts’ expectations of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. 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 year.

BellRing Brands announced that its Board of Directors has initiated a stock buyback program on Tuesday, September 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent analyst reports. UBS Group reduced their target price on BellRing Brands from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Evercore ISI decreased their target price on BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Truist Financial reduced their price objective on BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. initiated coverage on BellRing Brands in a report on Wednesday, August 20th. They issued an “overweight” rating and a $52.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.73.

Check Out Our Latest Report on BellRing Brands

BellRing Brands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BellRing Brands (NYSE:BRBR)

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