111 Capital Acquires 11,316 Shares of BellRing Brands Inc. $BRBR

111 Capital boosted its holdings in BellRing Brands Inc. (NYSE:BRBR) by 177.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,701 shares of the company’s stock after buying an additional 11,316 shares during the quarter. 111 Capital’s holdings in BellRing Brands were worth $1,025,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Maseco LLP bought a new position in BellRing Brands in the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc increased its position in BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 366 shares during the period. TCTC Holdings LLC increased its position in BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after purchasing an additional 190 shares during the period. First Horizon Advisors Inc. increased its position in BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after purchasing an additional 340 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock valued at $38,000 after purchasing an additional 310 shares during the period. Institutional investors own 94.97% of the company’s stock.

Insider Activity at BellRing Brands

In other BellRing Brands news, Director Shawn Conway purchased 1,316 shares of BellRing Brands stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average price of $49,999.99 per share, with a total value of $65,799,986.84. Following the transaction, the director owned 8,001 shares in the company, valued at $400,049,919.99. This trade represents a 19.69% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the sale, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. 1.07% of the stock is currently owned by insiders.

BellRing Brands Stock Down 2.4%

Shares of BRBR stock opened at $35.00 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75. BellRing Brands Inc. has a 52 week low of $34.02 and a 52 week high of $80.67. The firm has a 50 day moving average of $40.27 and a 200-day moving average of $56.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping the consensus estimate 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 company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. BellRing Brands has set its FY 2025 guidance at EPS. Analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

BellRing Brands announced that its board has initiated a stock repurchase plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BRBR shares. Mizuho decreased their target price on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, August 18th. Evercore ISI decreased their target price on shares of BellRing Brands from $82.00 to $64.00 and set an “outperform” rating for the company in a research report on Wednesday, August 6th. Jefferies Financial Group increased their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley decreased their target price on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Finally, Truist Financial decreased their target price on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.