Cooper Financial Group Acquires New Stake in BellRing Brands Inc. $BRBR

Cooper Financial Group acquired a new stake in shares of BellRing Brands Inc. (NYSE:BRBR) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,246 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds have also made changes to their positions in BRBR. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of BellRing Brands by 1,105.5% in the 4th 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 period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of BellRing Brands by 175.8% in the 1st 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 period. Versant Capital Management Inc lifted its holdings in shares of BellRing Brands by 1,742.9% in the 1st 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 period. GAMMA Investing LLC lifted its holdings in shares of BellRing Brands by 8,255.1% in the 1st 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 period. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of BellRing Brands by 9.0% in the 1st 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 period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

BellRing Brands Stock Performance

BellRing Brands stock opened at $36.28 on Thursday. The stock has a 50-day moving average of $41.03 and a two-hundred day moving average 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 cap of $4.57 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 1.81 and a beta of 0.75.

BellRing Brands (NYSE:BRBR) last released 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. BellRing Brands had a negative return on equity of 123.43% and a net margin of 10.26%.The company had revenue of $547.50 million during the quarter, compared to analysts’ expectations of $530.76 million. During the same period last year, the business posted $0.54 earnings per share. 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. As a group, sell-side analysts predict that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

BRBR has been the subject of several research reports. Barclays lowered their target price on BellRing Brands from $75.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. UBS Group decreased their price objective on BellRing Brands from $63.00 to $40.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Jefferies Financial Group upped their price objective on BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley decreased their price objective on BellRing Brands from $78.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, August 6th. Finally, Mizuho decreased their price objective on BellRing Brands from $75.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, August 18th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $64.80.

Insider Buying and Selling at BellRing Brands

In other news, 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 value of $86,688.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig L. Rosenthal acquired 2,600 shares of the business’s stock in a transaction dated Wednesday, August 6th. The stock was purchased at an average cost of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the acquisition, the insider directly owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. This trade represents a 8.42% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 6,616 shares of company stock worth $65,995,248 and sold 6,400 shares worth $358,352. 1.07% of the stock is currently owned by company insiders.

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.