Cooper Financial Group Takes $594,000 Position in BellRing Brands Inc. $BRBR

Cooper Financial Group bought a new position in BellRing Brands Inc. (NYSE:BRBR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,246 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds have also recently modified their holdings of BRBR. Wealth Enhancement Advisory Services LLC boosted its stake in shares of BellRing Brands by 1,105.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,339 shares of the company’s stock worth $3,416,000 after buying an additional 41,578 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 buying an additional 283 shares during the last quarter. Versant Capital Management Inc boosted 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 buying an additional 366 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of BellRing Brands by 8,255.1% in the first quarter. GAMMA Investing LLC now owns 172,449 shares of the company’s stock worth $12,841,000 after buying an additional 170,385 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of BellRing Brands by 9.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 5,088 shares of the company’s stock worth $379,000 after buying an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insider Activity at BellRing Brands

In other news, Director Shawn Conway acquired 2,700 shares of BellRing Brands stock in a transaction that occurred on Wednesday, August 6th. The stock was purchased at an average cost of $36.41 per share, with a total value of $98,307.00. Following the purchase, the director owned 6,685 shares in the company, valued at $243,400.85. This trade represents 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 that occurred on Friday, August 1st. The shares were sold at an average price of $54.18, for a total value of $86,688.00. Following the completion of the sale, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 6,616 shares of company stock valued at $65,995,248 and sold 6,400 shares valued at $358,352. 1.07% of the stock is owned by corporate insiders.

BellRing Brands Stock Performance

Shares of BRBR opened at $36.28 on Thursday. The stock has a 50 day moving average price of $41.03 and a 200 day moving average price of $57.22. BellRing Brands Inc. has a one year low of $34.02 and a one year high of $80.67. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 1.81 and a beta of 0.75.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.55 EPS for the quarter, beating 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 firm had revenue of $547.50 million during the quarter, compared to the consensus estimate of $530.76 million. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. 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 announced that its board has approved a stock repurchase plan 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 plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BRBR has been the topic of a number of recent research reports. Jefferies Financial Group upped their target price on BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Mizuho cut 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. Barclays reduced their target price on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. JPMorgan Chase & Co. began coverage on shares of BellRing Brands in a report on Wednesday, August 20th. They issued an “overweight” rating and a $52.00 price target for the company. Finally, Morgan Stanley reduced their price objective on shares of BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.80.

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.