BellRing Brands Inc. $BRBR Shares Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP increased its stake in BellRing Brands Inc. by 31.9% during the first quarter, now owning 113,839 shares valued at approximately $8.5 million.
• BellRing Brands reported a $0.55 EPS for the latest quarter, surpassing analyst estimates, with revenue of $547.5 million, a 6.2% increase year-over-year.
• Recent analyst ratings have varied, with Truist Financial lowering its target price from $60 to $40, while DA Davidson upgraded their rating to "buy" with a target of $85.

Trexquant Investment LP increased its stake in BellRing Brands Inc. (NYSE:BRBR - Free Report) by 31.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 113,839 shares of the company's stock after acquiring an additional 27,505 shares during the period. Trexquant Investment LP owned approximately 0.09% of BellRing Brands worth $8,476,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. increased its stake in shares of BellRing Brands by 32.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 2,321,022 shares of the company's stock valued at $174,866,000 after acquiring an additional 564,342 shares during the last quarter. Axiom Investors LLC DE grew its stake in BellRing Brands by 418.1% in the 1st quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company's stock valued at $167,455,000 after purchasing an additional 1,814,811 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of BellRing Brands by 77.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,761,180 shares of the company's stock valued at $131,137,000 after buying an additional 768,595 shares during the last quarter. Bank of America Corp DE boosted its position in shares of BellRing Brands by 73.5% during the 4th quarter. Bank of America Corp DE now owns 1,709,652 shares of the company's stock valued at $128,805,000 after acquiring an additional 724,337 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its position in shares of BellRing Brands by 5.2% in the 4th quarter. Driehaus Capital Management LLC now owns 1,224,040 shares of the company's stock worth $92,219,000 after buying an additional 60,534 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Price Performance

Shares of NYSE BRBR traded down $2.01 during trading on Friday, reaching $40.67. 1,380,089 shares of the stock traded hands, compared to its average volume of 2,198,348. The company has a 50-day moving average of $48.88 and a 200-day moving average of $61.70. BellRing Brands Inc. has a 52-week low of $34.02 and a 52-week high of $80.67. The stock has a market capitalization of $5.12 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74.

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 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 company had revenue of $547.50 million during the quarter, compared to analysts' expectations of $530.76 million. During the same quarter last year, the business posted $0.54 EPS. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. BellRing Brands has set its FY 2025 guidance at EPS. Analysts expect that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on BRBR shares. DA Davidson upgraded 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. Barclays decreased their target price on BellRing Brands from $75.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Truist Financial dropped their price target 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. JPMorgan Chase & Co. began coverage on BellRing Brands in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $52.00 target price for the company. Finally, Mizuho lowered their target price on BellRing Brands from $75.00 to $45.00 and set an "outperform" rating on the stock in a research report on Monday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, BellRing Brands has a consensus rating of "Moderate Buy" and a consensus price target of $64.80.

Insider Buying and Selling

In related news, Director Shawn Conway bought 1,316 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average cost of $49,999.99 per share, for a total transaction of $65,799,986.84. Following the purchase, the director directly owned 8,001 shares in the company, valued at $400,049,919.99. This trade represents a 19.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Darcy Horn Davenport sold 1,600 shares of BellRing Brands stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares in the company, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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.