Alamea Verwaltungs GmbH Takes $602,000 Position in BellRing Brands Inc. $BRBR

Key Points

• Alamea Verwaltungs GmbH has invested approximately $602,000 in BellRing Brands Inc. by acquiring 8,082 shares, marking its new position in the company.
• Other institutional investors have also significantly increased their holdings in BellRing Brands, with firms like D. E. Shaw & Co. and Axiom Investors increasing their positions by over 30% and 418%, respectively.
• BellRing Brands recently reported quarterly earnings of $0.55 EPS, exceeding analysts' expectations and generating a revenue of $547.50 million, a growth of 6.2% year-over-year.

Alamea Verwaltungs GmbH purchased a new stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 8,082 shares of the company's stock, valued at approximately $602,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Xponance Inc. increased its stake in BellRing Brands by 0.9% during the 1st quarter. Xponance Inc. now owns 15,221 shares of the company's stock valued at $1,133,000 after purchasing an additional 142 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its stake in 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 in the last quarter. Stephens Inc. AR increased its stake in BellRing Brands by 5.0% during the 1st quarter. Stephens Inc. AR now owns 3,705 shares of the company's stock valued at $276,000 after purchasing an additional 175 shares in the last quarter. TCTC Holdings LLC increased its stake 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 in the last quarter. Finally, Applied Finance Capital Management LLC boosted its holdings in BellRing Brands by 8.0% during the 1st quarter. Applied Finance Capital Management LLC now owns 3,290 shares of the company's stock worth $245,000 after acquiring an additional 244 shares during the last quarter. Institutional investors own 94.97% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BRBR shares. Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $68.00 to $50.00 in a report on Wednesday, August 6th. Truist Financial cut their price objective on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a report on Wednesday, August 6th. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Tuesday, May 27th. 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 report on Monday, August 18th. Finally, 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 report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.80.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, insider Craig L. Rosenthal acquired 2,600 shares of the company'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. This trade represents a 8.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shawn Conway acquired 1,316 shares of the company's stock in a transaction on Thursday, August 14th. The shares were acquired at an average cost of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the completion of the acquisition, the director owned 8,001 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have acquired 6,616 shares of company stock valued at $65,995,248 and have sold 12,800 shares valued at $735,568. Insiders own 1.07% of the company's stock.

BellRing Brands Price Performance

Shares of NYSE BRBR traded up $0.80 during mid-day trading on Thursday, reaching $42.67. 2,828,574 shares of the company's stock were exchanged, compared to its average volume of 2,199,865. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 24.38, a price-to-earnings-growth ratio of 2.00 and a beta of 0.74. 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 price of $49.17 and a two-hundred day moving average price of $61.94.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.06. The company 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 revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has approved a stock buyback plan on Tuesday, September 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 7.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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.