BellRing Brands Inc. $BRBR Shares Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lifted its position in shares of BellRing Brands Inc. (NYSE:BRBR) by 215.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,090 shares of the company’s stock after acquiring an additional 27,375 shares during the quarter. Savoir Faire Capital Management L.P.’s holdings in BellRing Brands were worth $2,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Strs Ohio raised its holdings in BellRing Brands by 2.8% in the 2nd quarter. Strs Ohio now owns 499,607 shares of the company’s stock valued at $28,942,000 after acquiring an additional 13,546 shares during the last quarter. Atria Investments Inc increased its holdings in BellRing Brands by 10.8% in the 2nd quarter. Atria Investments Inc now owns 12,309 shares of the company’s stock valued at $713,000 after purchasing an additional 1,197 shares in the last quarter. Retirement Systems of Alabama increased its holdings in BellRing Brands by 96.4% in the 2nd quarter. Retirement Systems of Alabama now owns 306,706 shares of the company’s stock valued at $17,767,000 after purchasing an additional 150,571 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in BellRing Brands by 17,891.3% in the 2nd quarter. Hantz Financial Services Inc. now owns 14,393 shares of the company’s stock valued at $834,000 after purchasing an additional 14,313 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of BellRing Brands by 10.8% during the second quarter. Arkadios Wealth Advisors now owns 45,255 shares of the company’s stock valued at $2,622,000 after acquiring an additional 4,401 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Insiders Place Their Bets

In other news, Director Shawn Conway purchased 2,700 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $36.41 per share, with a total value of $98,307.00. Following the purchase, the director directly owned 6,685 shares of the company’s stock, valued at $243,400.85. This trade represents a 67.75% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig L. Rosenthal bought 2,600 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was bought at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the transaction, the insider owned 33,475 shares of the company’s stock, valued at $1,248,282.75. The trade was a 8.42% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 6,616 shares of company stock worth $65,995,248. 1.07% of the stock is currently owned by company insiders.

BellRing Brands Trading Down 2.0%

NYSE BRBR opened at $30.23 on Friday. The stock’s 50 day moving average is $36.23 and its two-hundred day moving average is $51.42. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.50 and a beta of 0.75. BellRing Brands Inc. has a 1-year low of $30.10 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 28th. The company reported $0.22 EPS for the quarter. BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The firm had revenue of $282.40 million for the quarter. On average, analysts predict that BellRing Brands Inc. will post 2.23 earnings per share for the current year.

BellRing Brands declared that its board has approved a share repurchase program on Tuesday, September 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on BRBR shares. UBS Group decreased their price target on BellRing Brands from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Sanford C. Bernstein initiated coverage on BellRing Brands in a research report on Thursday, October 23rd. They set an “outperform” rating and a $46.00 price objective for the company. 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 report on Wednesday, July 23rd. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, Zacks Research downgraded BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Fourteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.56.

BellRing Brands 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.