Police & Firemen s Retirement System of New Jersey Boosts Stake in BellRing Brands Inc. $BRBR

Police & Firemen s Retirement System of New Jersey increased its holdings in shares of BellRing Brands Inc. (NYSE:BRBR) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,653 shares of the company’s stock after acquiring an additional 2,123 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in BellRing Brands were worth $2,818,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Maseco LLP purchased a new position in BellRing Brands in the 2nd quarter worth approximately $25,000. TCTC Holdings LLC increased its holdings in shares of BellRing Brands by 87.6% in the first quarter. TCTC Holdings LLC now owns 407 shares of the company’s stock valued at $30,000 after purchasing an additional 190 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in BellRing Brands by 149.8% during the first quarter. Smartleaf Asset Management LLC now owns 517 shares of the company’s stock worth $38,000 after buying an additional 310 shares in the last quarter. Larson Financial Group LLC boosted its stake in BellRing Brands by 2,660.0% during the first quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $51,000 after buying an additional 665 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in BellRing Brands by 287.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 875 shares of the company’s stock valued at $65,000 after buying an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

BellRing Brands Price Performance

NYSE BRBR opened at $26.31 on Wednesday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 15.04, a PEG ratio of 1.49 and a beta of 0.70. The firm’s 50-day moving average is $33.17 and its two-hundred day moving average is $46.77. BellRing Brands Inc. has a 12 month low of $22.45 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). BellRing Brands had a net margin of 10.26% and a negative return on equity of 123.43%. The company had revenue of $648.20 million during the quarter, compared to analysts’ expectations of $633.21 million. During the same period last year, the firm posted $0.51 earnings per share. BellRing Brands’s revenue was up 16.6% on a year-over-year basis. BellRing Brands has set its FY 2026 guidance at EPS. As a group, analysts anticipate that BellRing Brands Inc. will post 2.23 EPS for the current year.

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

Analysts Set New Price Targets

BRBR has been the topic of several analyst reports. TD Cowen reduced their price target on BellRing Brands from $45.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $52.00 to $45.00 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Truist Financial reduced their target price on shares of BellRing Brands from $60.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, August 6th. Barclays dropped their price target on shares of BellRing Brands from $75.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Finally, Mizuho reduced their price target on shares of BellRing Brands from $75.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, August 18th. Fourteen equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.56.

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.