United Services Automobile Association Makes New Investment in BellRing Brands Inc. $BRBR

Key Points

• United Services Automobile Association has invested $619,000 in BellRing Brands Inc., acquiring 8,340 shares during the first quarter, reflecting growing institutional interest in the company.
• Director Shawn Conway increased their ownership by 19.69% after purchasing 1,316 shares, while CEO Darcy Horn Davenport sold 1,600 shares, indicating mixed insider trading activity.
• BellRing Brands reported strong quarterly earnings, exceeding estimates, and announced a $400 million stock repurchase plan, signaling confidence in its stock value amidst recent downward revisions from several analysts.

United Services Automobile Association acquired a new stake in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,340 shares of the company's stock, valued at approximately $619,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Xponance Inc. raised its stake in BellRing Brands by 0.9% during the first quarter. Xponance Inc. now owns 15,221 shares of the company's stock worth $1,133,000 after purchasing an additional 142 shares during the period. Argonautica Private Wealth Management Inc. raised its stake in 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 purchasing an additional 157 shares during the period. Stephens Inc. AR raised its stake in 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 purchasing an additional 175 shares during the period. TCTC Holdings LLC raised its stake in 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 purchasing an additional 190 shares during the period. Finally, Applied Finance Capital Management LLC raised its stake in 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 purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 94.97% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Barclays cut their price target on shares of BellRing Brands from $75.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Jefferies Financial Group increased their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, July 23rd. Truist Financial cut their price target on shares of BellRing Brands from $60.00 to $40.00 and set a "hold" rating on the stock in a research note on Wednesday, August 6th. DA Davidson raised shares of BellRing Brands from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research note on Tuesday, May 27th. Finally, Stephens raised shares of 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. Thirteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $64.80.

Insider Activity at BellRing Brands

In other news, Director Shawn Conway purchased 1,316 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of $49,999.99 per share, with a total value of $65,799,986.84. Following the acquisition, the director owned 8,001 shares in the company, valued at approximately $400,049,919.99. This trade represents a 19.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Darcy Horn Davenport sold 1,600 shares of the firm's stock in a transaction 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 sale, the chief executive officer directly owned 193,978 shares of the company's stock, valued at approximately $10,509,728.04. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 11,200 shares valued at $638,640. Company insiders own 1.07% of the company's stock.

BellRing Brands Stock Up 2.2%

Shares of BellRing Brands stock traded up $0.81 during trading hours on Friday, hitting $38.12. The company's stock had a trading volume of 2,536,348 shares, compared to its average volume of 3,471,361. BellRing Brands Inc. has a 1-year low of $34.02 and a 1-year high of $80.67. The business has a fifty day moving average of $46.43 and a 200 day moving average of $60.17. The company has a market capitalization of $4.80 billion, a PE ratio of 21.78, a P/E/G ratio of 1.82 and a beta of 0.74.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its quarterly earnings results 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 business had revenue of $547.50 million during the quarter, compared to analyst estimates of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The business's revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that BellRing Brands Inc. will post 2.23 earnings per share for the current fiscal year.

BellRing Brands announced that its board has authorized a share buyback plan 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 plans are generally an indication that the company's management believes its shares are undervalued.

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.