MRA Advisory Group Acquires New Shares in BellRing Brands Inc. $BRBR

Key Points

• MRA Advisory Group has acquired a new position in BellRing Brands Inc., purchasing 7,728 shares valued at approximately $448,000.
• Institutional investors and hedge funds own 94.97% of BellRing Brands' stock, indicating strong institutional backing.
• Analysts have mixed ratings for BellRing Brands, with a consensus target price of $64.80 and notable upgrades and downgrades from major firms.

MRA Advisory Group purchased a new position in BellRing Brands Inc. (NYSE:BRBR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,728 shares of the company's stock, valued at approximately $448,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake 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 worth $29,000 after purchasing an additional 366 shares during the period. TCTC Holdings LLC increased its stake in shares of BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company's stock worth $30,000 after purchasing an additional 190 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of BellRing Brands by 175.8% in the first 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 period. First Horizon Advisors Inc. increased its stake in shares of BellRing Brands by 283.3% in the first 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 period. Finally, Smartleaf Asset Management LLC increased its stake in shares of BellRing Brands by 149.8% in the first 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 period. Institutional investors and hedge funds own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BRBR shares. Morgan Stanley dropped their price objective on BellRing Brands from $78.00 to $58.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 6th. DA Davidson upgraded BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Tuesday, May 27th. Stephens upgraded BellRing Brands from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $68.00 to $50.00 in a research note on Wednesday, August 6th. JPMorgan Chase & Co. assumed coverage on BellRing Brands in a research note on Wednesday, August 20th. They set an "overweight" rating and a $52.00 price target on the stock. Finally, Barclays lowered their price target on BellRing Brands from $75.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.80.

BellRing Brands Trading Up 2.2%

NYSE BRBR opened at $38.12 on Monday. The stock's 50 day moving average is $46.43 and its two-hundred day moving average is $60.02. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.86 and a beta of 0.74. 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 quarterly earnings data on Monday, August 4th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.06. The company had revenue of $547.50 million for the quarter, compared to the consensus estimate of $530.76 million. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

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

Insider Transactions at BellRing Brands

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

About BellRing Brands

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.

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