BellRing Brands Inc. $BRBR Shares Bought by Interval Partners LP

Key Points

• Interval Partners LP increased its holdings in BellRing Brands Inc. by 10.7%, owning 145,696 shares valued at approximately $10.8 million after purchasing an additional 14,115 shares during the first quarter.
• The company announced a $400 million stock buyback plan, indicating the board's belief that the stock is undervalued; this plan allows for buying back up to 7.7% of its shares through open market purchases.
• BellRing Brands reported a 6.2% increase in revenue year-over-year, with quarterly earnings surpassing analyst expectations, reporting $0.55 EPS against a consensus estimate of $0.49.

Interval Partners LP lifted its position in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 10.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,696 shares of the company's stock after buying an additional 14,115 shares during the period. Interval Partners LP owned approximately 0.11% of BellRing Brands worth $10,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BRBR. Versant Capital Management Inc grew its position in BellRing Brands by 1,742.9% during the 1st quarter. Versant Capital Management Inc now owns 387 shares of the company's stock worth $29,000 after purchasing an additional 366 shares during the last quarter. TCTC Holdings LLC grew its position in 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 purchasing an additional 190 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in BellRing Brands by 175.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the company's stock worth $33,000 after purchasing an additional 283 shares during the last quarter. First Horizon Advisors Inc. grew its position in BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company's stock worth $34,000 after purchasing an additional 340 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company's stock worth $38,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company's stock.

BellRing Brands Price Performance

NYSE BRBR traded down $1.21 on Wednesday, hitting $36.51. The company had a trading volume of 1,384,952 shares, compared to its average volume of 2,254,763. The company has a market capitalization of $4.60 billion, a PE ratio of 20.87, a PEG ratio of 1.74 and a beta of 0.74. The company's fifty day moving average price is $47.63 and its 200-day moving average price is $60.82. BellRing Brands Inc. has a 12-month low of $34.02 and a 12-month high of $80.67.

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

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

Insider Activity at BellRing Brands

In other news, Director Shawn Conway acquired 1,316 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $49,999.99 per share, with a total value of $65,799,986.84. Following the completion of the acquisition, the director owned 8,001 shares of the company's stock, valued at $400,049,919.99. This trade represents a 19.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Craig L. Rosenthal bought 2,600 shares of the stock in a transaction on Wednesday, August 6th. The shares were bought at an average cost of $37.29 per share, with a total value of $96,954.00. Following the purchase, the insider 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 quarter, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 11,200 shares valued at $638,640. 1.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on BRBR shares. JPMorgan Chase & Co. started coverage on shares of BellRing Brands in a research note on Wednesday, August 20th. They set an "overweight" rating and a $52.00 price objective for the company. Barclays decreased their price objective on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. UBS Group decreased their price objective on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Stephens upgraded shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $68.00 to $50.00 in a research note on Wednesday, August 6th. Finally, Morgan Stanley decreased their price objective on shares of BellRing Brands from $78.00 to $58.00 and set an "overweight" rating for the company in a research note on Wednesday, August 6th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, BellRing Brands presently has a consensus rating of "Moderate Buy" and an average price target of $64.80.

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.