Boston Partners Increases Stake in BellRing Brands Inc. $BRBR

Boston Partners boosted its stake in BellRing Brands Inc. (NYSE:BRBR) by 36.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 447,762 shares of the company’s stock after purchasing an additional 119,812 shares during the quarter. Boston Partners’ holdings in BellRing Brands were worth $24,618,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. TT International Asset Management LTD raised its position in shares of BellRing Brands by 199.8% in the 2nd quarter. TT International Asset Management LTD now owns 73,616 shares of the company’s stock worth $4,265,000 after buying an additional 49,064 shares during the period. Independence Bank of Kentucky grew its position in BellRing Brands by 91.5% during the second quarter. Independence Bank of Kentucky now owns 22,634 shares of the company’s stock valued at $1,311,000 after acquiring an additional 10,814 shares during the period. Vontobel Holding Ltd. increased its stake in BellRing Brands by 216.1% during the second quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company’s stock worth $1,043,000 after acquiring an additional 12,310 shares during the last quarter. MRA Advisory Group purchased a new position in shares of BellRing Brands in the 2nd quarter worth about $448,000. Finally, Wilson Asset Management International PTY Ltd. lifted its stake in shares of BellRing Brands by 11.4% in the 2nd quarter. Wilson Asset Management International PTY Ltd. now owns 93,373 shares of the company’s stock valued at $5,409,000 after purchasing an additional 9,554 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BRBR shares. Zacks Research downgraded shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of BellRing Brands in a research note on Wednesday, October 8th. Jefferies Financial Group increased their price objective on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Stephens upgraded shares of BellRing Brands from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $68.00 to $50.00 in a report on Wednesday, August 6th. Finally, Morgan Stanley decreased their price target on shares of BellRing Brands from $58.00 to $43.00 and set an “overweight” rating for the company in a research report on Tuesday. Fourteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $57.56.

BellRing Brands Trading Down 2.4%

NYSE BRBR opened at $26.95 on Friday. The stock has a market cap of $3.40 billion, a P/E ratio of 15.40, a PEG ratio of 1.61 and a beta of 0.70. The company’s fifty day simple moving average is $33.86 and its 200-day simple moving average is $48.25. BellRing Brands Inc. has a 52 week low of $26.83 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 28th. The company reported $0.22 earnings per share (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, research analysts expect that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands declared that its board has approved a stock buyback program 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 programs are typically an indication that the company’s board believes its stock is undervalued.

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.