Ardsley Advisory Partners LP Has $7.07 Million Stock Holdings in BellRing Brands Inc. $BRBR

Key Points

• Ardsley Advisory Partners LP reduced its holdings in BellRing Brands Inc. by 9.5%, now owning 95,000 shares valued at approximately $7.07 million, which represents 1.4% of its total holdings.
• BellRing Brands recently announced a $400 million stock repurchase plan, indicating leadership believes the stock is undervalued.
• The company reported earnings per share of $0.55 for the quarter, exceeding analysts' expectations of $0.49, with a revenue increase of 6.2% year-over-year.

Ardsley Advisory Partners LP decreased its holdings in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,000 shares of the company's stock after selling 10,000 shares during the quarter. BellRing Brands makes up about 1.4% of Ardsley Advisory Partners LP's investment portfolio, making the stock its 20th largest position. Ardsley Advisory Partners LP owned approximately 0.07% of BellRing Brands worth $7,074,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Xponance Inc. raised its position in BellRing Brands by 0.9% in 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 during the last quarter. Argonautica Private Wealth Management Inc. raised its position in shares of BellRing Brands by 2.5% during the first quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company's stock worth $478,000 after acquiring an additional 157 shares during the last quarter. Stephens Inc. AR raised its position in shares of BellRing Brands by 5.0% during the first quarter. Stephens Inc. AR now owns 3,705 shares of the company's stock worth $276,000 after acquiring an additional 175 shares during the last quarter. TCTC Holdings LLC raised its position in shares of BellRing Brands by 87.6% during the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after acquiring an additional 190 shares during the last quarter. Finally, Applied Finance Capital Management LLC raised its position in shares of BellRing Brands by 8.0% during the first 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.

BellRing Brands Stock Performance

NYSE:BRBR traded down $3.23 on Friday, reaching $39.45. The company's stock had a trading volume of 4,215,402 shares, compared to its average volume of 3,118,058. BellRing Brands Inc. has a 1-year low of $34.02 and a 1-year high of $80.67. The firm has a market cap of $4.97 billion, a PE ratio of 22.54, a PEG ratio of 1.92 and a beta of 0.74. The business's 50-day moving average price is $48.50 and its two-hundred day moving average price is $61.33.

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

BellRing Brands declared that its board has authorized a stock repurchase 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 shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BRBR shares. Mizuho dropped their target price on BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, August 18th. Barclays dropped their price objective on BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Jefferies Financial Group upped their price objective on BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. JPMorgan Chase & Co. assumed coverage on BellRing Brands in a report on Wednesday, August 20th. They issued an "overweight" rating and a $52.00 price objective for the company. Finally, DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a report on Tuesday, May 27th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, BellRing Brands has a consensus rating of "Moderate Buy" and an average price target of $64.80.

Insider Buying and Selling at BellRing Brands

In other news, Director Shawn Conway acquired 2,700 shares of BellRing Brands stock in a transaction dated Wednesday, August 6th. The stock was bought at an average cost of $36.41 per share, with a total value of $98,307.00. Following the completion of the transaction, the director directly owned 6,685 shares of the company's stock, valued at approximately $243,400.85. This represents a 67.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig L. Rosenthal acquired 2,600 shares of BellRing Brands stock in a transaction dated Wednesday, August 6th. The shares were purchased at an average cost of $37.29 per share, with a total value of $96,954.00. Following the completion of the transaction, the insider directly owned 33,475 shares of the company's stock, valued at $1,248,282.75. This trade represents a 8.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 6,616 shares of company stock valued at $65,995,248 and sold 11,200 shares valued at $638,640. Insiders own 1.07% of the company's stock.

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.