Motley Fool Asset Management LLC Buys 50,000 Shares of BellRing Brands Inc. $BRBR

Motley Fool Asset Management LLC boosted its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 165.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,275 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Motley Fool Asset Management LLC owned about 0.06% of BellRing Brands worth $4,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maseco LLP bought a new position in BellRing Brands during the 2nd quarter worth about $25,000. TCTC Holdings LLC grew its holdings in BellRing Brands by 87.6% during the 1st quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock worth $30,000 after acquiring an additional 190 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in BellRing Brands by 283.3% during the 1st quarter. First Horizon Advisors Inc. now owns 460 shares of the company’s stock worth $34,000 after acquiring an additional 340 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in BellRing Brands by 149.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after acquiring an additional 310 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in BellRing Brands by 2,660.0% during the 1st quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $51,000 after acquiring an additional 665 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

Insider Activity at BellRing Brands

In other BellRing Brands news, CEO Darcy Horn Davenport sold 1,600 shares of the firm’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 transaction of $86,688.00. Following the completion of the transaction, the chief executive officer directly owned 193,978 shares of the company’s stock, valued at approximately $10,509,728.04. This trade represents a 0.82% decrease 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 purchased 2,600 shares of BellRing Brands stock in a transaction on Wednesday, August 6th. The shares were acquired at an average cost of $37.29 per share, with a total value of $96,954.00. Following the completion of the transaction, the insider directly owned 33,475 shares in the company, valued at $1,248,282.75. The trade was a 8.42% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 6,616 shares of company stock valued at $65,995,248 in the last three months. 1.07% of the stock is owned by insiders.

BellRing Brands Stock Performance

NYSE:BRBR opened at $31.87 on Tuesday. BellRing Brands Inc. has a fifty-two week low of $31.05 and a fifty-two week high of $80.67. The stock has a market capitalization of $4.02 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.61 and a beta of 0.75. The company’s 50-day simple moving average is $36.80 and its 200-day simple moving average is $52.18.

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

BellRing Brands declared that its board has initiated 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 purchase up to 7.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BellRing Brands in a report on Wednesday, October 8th. Jefferies Financial Group increased their target price on shares of BellRing Brands from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Zacks Research cut shares of BellRing Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 1st. Stifel Nicolaus lowered their price target on shares of BellRing Brands from $66.00 to $56.00 and set a “buy” rating on the stock in a report on Friday. Finally, Barclays lowered their price target on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Fourteen analysts have rated the stock with a Buy rating, three have issued 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 an average price target of $61.56.

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.