Robeco Institutional Asset Management B.V. Has $569,000 Stock Position in BellRing Brands Inc. $BRBR

Robeco Institutional Asset Management B.V. reduced its stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) by 86.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,829 shares of the company's stock after selling 62,222 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in BellRing Brands were worth $569,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Xponance Inc. grew its holdings in shares of BellRing Brands by 0.9% during the 1st quarter. Xponance Inc. now owns 15,221 shares of the company's stock worth $1,133,000 after purchasing an additional 142 shares in the last quarter. Argonautica Private Wealth Management Inc. grew its holdings in shares of BellRing Brands by 2.5% during the 1st quarter. Argonautica Private Wealth Management Inc. now owns 6,416 shares of the company's stock worth $478,000 after purchasing an additional 157 shares in the last quarter. McIlrath & Eck LLC grew its holdings in shares of BellRing Brands by 13.6% during the 1st quarter. McIlrath & Eck LLC now owns 1,413 shares of the company's stock worth $105,000 after purchasing an additional 169 shares in the last quarter. Stephens Inc. AR lifted its position in shares of BellRing Brands by 5.0% during the 1st quarter. Stephens Inc. AR now owns 3,705 shares of the company's stock worth $276,000 after buying an additional 175 shares during the last quarter. Finally, TCTC Holdings LLC lifted its position 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 buying an additional 190 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BellRing Brands

In other news, Director Shawn Conway acquired 1,316 shares of BellRing Brands stock in a transaction 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 purchase, the director owned 8,001 shares of the company's stock, valued at approximately $400,049,919.99. The trade was a 19.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig L. Rosenthal acquired 2,600 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, with a total value of $96,954.00. Following the purchase, the insider directly 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. Over the last quarter, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. Insiders own 1.07% of the company's stock.

BellRing Brands Price Performance

Shares of BRBR opened at $34.81 on Thursday. The business has a 50-day moving average of $39.02 and a 200-day moving average of $56.02. BellRing Brands Inc. has a 1 year low of $33.72 and a 1 year high of $80.67. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75.

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, topping the consensus estimate 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 business had revenue of $547.50 million during the quarter, compared to analysts' expectations of $530.76 million. During the same quarter last year, the firm posted $0.54 earnings per share. The firm'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 anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

BellRing Brands declared that its board has authorized a share buyback plan on Tuesday, September 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. 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 report on Wednesday, August 6th. Truist Financial dropped their price objective on BellRing Brands from $60.00 to $40.00 and set a "hold" rating for the company in a research report on Wednesday, August 6th. UBS Group dropped their price objective on BellRing Brands from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday. Weiss Ratings restated a "hold (c)" rating on shares of BellRing Brands in a research report on Wednesday. Finally, Mizuho dropped their price objective 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. Thirteen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $64.73.

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.

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