BellRing Brands Inc. $BRBR Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has reduced its stake in BellRing Brands Inc. by 18.9%, now owning approximately 1.44% of the company's stock, worth $136.86 million.
• Multiple large investors, including Versant Capital Management and TCTC Holdings LLC, increased their stakes significantly during the same period, indicating rising interest from institutional investors.
• BellRing Brands recently announced a stock buyback plan authorizing the repurchase of $400 million in shares, a move often interpreted as a sign of confidence from the board in the company’s valuation.

AQR Capital Management LLC cut its position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 18.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,847,266 shares of the company's stock after selling 431,242 shares during the quarter. AQR Capital Management LLC owned 1.44% of BellRing Brands worth $136,864,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in BellRing Brands during the first quarter worth $280,000. GAMMA Investing LLC increased its stake in shares of BellRing Brands by 12.2% during the 1st quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock worth $172,000 after purchasing an additional 252 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of BellRing Brands by 0.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock worth $5,365,000 after purchasing an additional 438 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of BellRing Brands by 71.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock worth $661,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of BellRing Brands by 31.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock worth $1,384,000 after purchasing an additional 4,461 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BRBR. UBS Group cut their price target on BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Truist Financial cut their price target on BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a report on Wednesday, August 6th. Morgan Stanley cut their price target on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on BellRing Brands in a report on Wednesday, August 20th. They issued an "overweight" rating and a $52.00 price target for the company. Finally, DA Davidson raised BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a report on Tuesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $64.80.

BellRing Brands Stock Performance

BellRing Brands stock traded up $1.06 during trading on Tuesday, hitting $36.83. The company's stock had a trading volume of 1,596,359 shares, compared to its average volume of 2,243,340. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 1.92 and a beta of 0.74. The stock's fifty day moving average is $48.06 and its 200 day moving average is $60.98. BellRing Brands Inc. has a 1-year low of $34.02 and a 1-year high of $80.67.

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, beating the consensus estimate of $0.49 by $0.06. The firm had revenue of $547.50 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, research analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

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

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, 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 value of $86,688.00. Following the transaction, the chief executive officer owned 193,978 shares in the company, valued at $10,509,728.04. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Shawn Conway purchased 2,700 shares of the firm's stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $36.41 per share, for a total transaction of $98,307.00. Following the acquisition, the director owned 6,685 shares in the company, valued at $243,400.85. The trade was a 67.75% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 6,616 shares of company stock worth $65,995,248 and have sold 11,200 shares worth $638,640. 1.07% of the stock is owned by company 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.