316,895 Shares in BellRing Brands Inc. $BRBR Bought by Davidson Investment Advisors

Davidson Investment Advisors acquired a new position in shares of BellRing Brands Inc. (NYSE:BRBR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 316,895 shares of the company’s stock, valued at approximately $18,358,000.

A number of other institutional investors have also made changes to their positions in BRBR. Axiom Investors LLC DE grew its stake in shares of BellRing Brands by 418.1% during the first quarter. Axiom Investors LLC DE now owns 2,248,924 shares of the company’s stock worth $167,455,000 after purchasing an additional 1,814,811 shares during the period. Junto Capital Management LP bought a new stake in shares of BellRing Brands in the first quarter worth about $97,725,000. Nuveen LLC bought a new stake in shares of BellRing Brands in the first quarter worth about $71,004,000. Baird Financial Group Inc. bought a new stake in shares of BellRing Brands in the first quarter worth about $38,642,000. Finally, Strs Ohio bought a new stake in shares of BellRing Brands in the first quarter worth about $36,192,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BRBR shares. Weiss Ratings restated a “hold (c)” rating on shares of BellRing Brands in a report on Wednesday, October 8th. 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 report on Wednesday, July 23rd. Stephens raised BellRing Brands from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $68.00 to $50.00 in a research report on Wednesday, August 6th. JPMorgan Chase & Co. reduced 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, Morgan Stanley reduced their price objective on 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 research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $64.27.

BellRing Brands Stock Performance

BRBR opened at $34.63 on Thursday. BellRing Brands Inc. has a 52-week low of $33.51 and a 52-week high of $80.67. The firm has a market capitalization of $4.36 billion, a PE ratio of 19.79, a PEG ratio of 1.69 and a beta of 0.75. The business’s 50-day simple moving average is $37.73 and its 200 day simple moving average is $54.67.

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

BellRing Brands announced that its board has initiated a stock repurchase plan on Tuesday, September 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, insider Craig L. Rosenthal acquired 2,600 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $37.29 per share, for a total transaction of $96,954.00. Following the completion of the purchase, the insider directly owned 33,475 shares of the company’s stock, valued at approximately $1,248,282.75. This represents a 8.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Darcy Horn Davenport sold 1,600 shares of the company’s 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 owned 193,978 shares in the company, valued at $10,509,728.04. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 6,616 shares of company stock worth $65,995,248 and have sold 4,800 shares worth $266,096. Corporate 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.