Carolina Wealth Advisors LLC Buys 3,866 Shares of BellRing Brands Inc. $BRBR

Carolina Wealth Advisors LLC increased its stake in shares of BellRing Brands Inc. (NYSE:BRBR) by 32.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,887 shares of the company’s stock after acquiring an additional 3,866 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in BellRing Brands were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in shares of BellRing Brands by 1,742.9% during the first quarter. Versant Capital Management Inc now owns 387 shares of the company’s stock valued at $29,000 after purchasing an additional 366 shares during the period. TCTC Holdings LLC boosted its position in BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after buying an additional 190 shares during the period. Maseco LLP bought a new stake in BellRing Brands in the 2nd quarter worth $25,000. First Horizon Advisors Inc. increased its position in shares of BellRing Brands by 283.3% in the first quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock valued at $34,000 after acquiring an additional 340 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock valued at $38,000 after acquiring an additional 310 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Trading Down 2.4%

BRBR opened at $35.00 on Friday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.62 and a beta of 0.75. The stock has a fifty day simple moving average of $40.27 and a two-hundred day simple moving average of $56.67. BellRing Brands Inc. has a 12-month low of $34.02 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced 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. The firm had revenue of $547.50 million for the quarter, compared to analysts’ expectations of $530.76 million. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. BellRing Brands has set its FY 2025 guidance at EPS. On average, analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BRBR. Stephens upgraded BellRing Brands from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $68.00 to $50.00 in a report on Wednesday, August 6th. Zacks Research cut BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday. UBS Group decreased their target price on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Jefferies Financial Group lifted their price target on shares of BellRing Brands from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Finally, Truist Financial reduced their price objective on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.80.

Insider Buying and Selling at BellRing Brands

In other news, CEO Darcy Horn Davenport sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $54.18, for a total value of $86,688.00. Following the sale, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at $10,509,728.04. The trade was a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Shawn Conway acquired 2,700 shares of BellRing Brands stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average cost of $36.41 per share, with a total value of $98,307.00. Following the transaction, the director owned 6,685 shares in the company, valued at $243,400.85. This represents a 67.75% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 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 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.