Woodline Partners LP Makes New $10.44 Million Investment in BellRing Brands Inc. $BRBR

Key Points

• Woodline Partners LP has invested approximately $10.44 million in BellRing Brands, acquiring 140,213 shares during the first quarter, which represents 0.11% of the company's stock.
• Multiple institutional investors have increased their stakes in BellRing Brands, with over 94.97% of the stock now owned by institutional investors.
• Analysts have varied target prices for BellRing Brands, with the average consensus target set at $64.80, reflecting an overall rating of "Moderate Buy" with thirteen buy ratings and two hold ratings.

Woodline Partners LP acquired a new position in shares of BellRing Brands Inc. (NYSE:BRBR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 140,213 shares of the company's stock, valued at approximately $10,440,000. Woodline Partners LP owned 0.11% of BellRing Brands at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in BellRing Brands during the first quarter worth $280,000. GAMMA Investing LLC boosted its position in BellRing Brands by 12.2% during the first quarter. GAMMA Investing LLC now owns 2,316 shares of the company's stock worth $172,000 after purchasing an additional 252 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of BellRing Brands by 0.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 72,051 shares of the company's stock valued at $5,365,000 after acquiring an additional 438 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of BellRing Brands by 71.4% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,883 shares of the company's stock valued at $661,000 after acquiring an additional 3,700 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of BellRing Brands by 31.6% in the first quarter. Janney Montgomery Scott LLC now owns 18,584 shares of the company's stock valued at $1,384,000 after acquiring an additional 4,461 shares during the period. 94.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRBR. Jefferies Financial Group boosted their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Stephens raised shares of BellRing Brands from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $68.00 to $50.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. began coverage on shares of BellRing Brands in a research report on Wednesday, August 20th. They issued an "overweight" rating and a $52.00 target price for the company. Mizuho reduced their target price on shares of BellRing Brands from $75.00 to $45.00 and set an "outperform" rating for the company in a research report on Monday, August 18th. Finally, UBS Group reduced their target price on shares of BellRing Brands from $63.00 to $40.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.80.

BellRing Brands Stock Up 1.7%

BRBR stock opened at $37.39 on Friday. The company has a market cap of $4.71 billion, a PE ratio of 21.37, a price-to-earnings-growth ratio of 1.79 and a beta of 0.74. The business has a 50-day simple moving average of $46.82 and a 200 day simple moving average of $60.41. BellRing Brands Inc. has a 52 week low of $34.02 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly 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. The business had revenue of $547.50 million during 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%.BellRing Brands's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has approved a share repurchase program on Tuesday, September 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Insider Activity at BellRing Brands

In related news, Director Shawn Conway bought 2,700 shares of the company's stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average price of $36.41 per share, with a total value of $98,307.00. Following the completion of the acquisition, the director owned 6,685 shares of the company's stock, valued at $243,400.85. The trade was a 67.75% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction dated Friday, August 1st. The stock was 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 of the company's stock, valued at $10,509,728.04. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 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 owned by 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.

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