Police & Firemen s Retirement System of New Jersey Boosts Holdings in BellRing Brands Inc. $BRBR

Police & Firemen s Retirement System of New Jersey lifted its holdings in BellRing Brands Inc. (NYSE:BRBR) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,653 shares of the company’s stock after purchasing an additional 2,123 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in BellRing Brands were worth $2,818,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BRBR. Larson Financial Group LLC grew its stake in shares of BellRing Brands by 2,660.0% in the first quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $51,000 after acquiring an additional 665 shares in the last quarter. IFP Advisors Inc grew its stake in BellRing Brands by 78.9% during the 1st quarter. IFP Advisors Inc now owns 2,891 shares of the company’s stock worth $215,000 after purchasing an additional 1,275 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in BellRing Brands by 18.2% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 202,009 shares of the company’s stock worth $15,042,000 after purchasing an additional 31,069 shares during the period. Burney Co. raised its position in BellRing Brands by 2.0% in the 1st quarter. Burney Co. now owns 208,312 shares of the company’s stock valued at $15,511,000 after purchasing an additional 4,039 shares in the last quarter. Finally, Dorsey Wright & Associates boosted its stake in shares of BellRing Brands by 2.3% in the 1st quarter. Dorsey Wright & Associates now owns 51,568 shares of the company’s stock valued at $3,840,000 after buying an additional 1,139 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of BellRing Brands from $58.00 to $43.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. TD Cowen dropped their price objective on shares of BellRing Brands from $45.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of BellRing Brands in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered their target price on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Finally, Barclays cut their price target on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, August 7th. Fourteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.56.

BellRing Brands Trading Up 2.7%

Shares of BellRing Brands stock opened at $26.31 on Wednesday. The company has a fifty day simple moving average of $33.17 and a 200-day simple moving average of $46.77. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.49 and a beta of 0.70. BellRing Brands Inc. has a 12-month low of $22.45 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company had revenue of $648.20 million for the quarter, compared to analyst estimates of $633.21 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. BellRing Brands’s revenue was up 16.6% compared to the same quarter last year. BellRing Brands has set its FY 2026 guidance at EPS. On average, analysts forecast that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

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

About BellRing Brands

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.