AlphaQuest LLC Reduces Position in BellRing Brands Inc. $BRBR

Key Points

• AlphaQuest LLC has reduced its stake in BellRing Brands Inc. by 66.0%, holding 5,018 shares worth $374,000 at the end of the last reporting period.
• BellRing Brands reported earnings of $0.55 per share for the most recent quarter, exceeding expectations and representing a 6.2% year-over-year revenue growth to $547.50 million.
• Thirteen investment analysts currently rate BellRing Brands as a Moderate Buy, with a consensus price target of $64.80.

AlphaQuest LLC lowered its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 66.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,018 shares of the company's stock after selling 9,758 shares during the period. AlphaQuest LLC's holdings in BellRing Brands were worth $374,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of BellRing Brands by 1,742.9% in the first 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 lifted its holdings 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 acquiring an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in BellRing Brands by 175.8% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock valued at $33,000 after purchasing an additional 283 shares in the last quarter. First Horizon Advisors Inc. grew its position in BellRing Brands by 283.3% in the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock valued at $34,000 after acquiring an additional 340 shares during the period. Finally, Colonial Trust Co SC acquired a new stake in shares of BellRing Brands during the 4th quarter worth about $44,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of research analyst reports. Truist Financial dropped 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 note on Wednesday, August 6th. 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. Jefferies Financial Group lifted their price target on BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Barclays lowered their price target on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Finally, Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $68.00 to $50.00 in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and an average price target of $64.80.

BellRing Brands Stock Performance

BRBR traded up $0.61 during midday trading on Tuesday, reaching $41.66. 3,970,832 shares of the company were exchanged, compared to its average volume of 4,488,151. The company's fifty day moving average price is $49.51 and its 200 day moving average price is $62.08. BellRing Brands Inc. has a one year low of $34.02 and a one year high of $80.67. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.74.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.49 by $0.06. The company had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction dated 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 transaction, the chief executive officer 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig L. Rosenthal acquired 2,600 shares of the stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the transaction, the insider owned 33,475 shares of the company's stock, valued at approximately $1,248,282.75. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 6,616 shares of company stock valued at $65,995,248 and have sold 12,800 shares valued at $735,568. 1.07% of the stock is owned by insiders.

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.