BUZZ-BellRing gains after $600 million share buyback program announced
Shares of protein-based food and beverages co BellRing Brandsrise nearly 4.5% to about $30.6 premarketBRBR to repurchase up to $600 million of shares over next two years, effective November 19As of November 19, co had repurchased ~$123 million under its previous $400 million buyback program started on September 2 and canceled on November 19Thirteen of 17 brokerages rate stock “buy” or higher and four “hold”; their median PT is $39 - data compiled by LSEGAs of last close, shares down 61.2% YTD
Shares of protein-based food and beverages co BellRing Brands (BRBR.N) rise nearly 4.5% to about $30.6 premarket
BRBR to repurchase up to $600 million of shares over next two years, effective November 19
As of November 19, co had repurchased ~$123 million under its previous $400 million buyback program started on September 2 and canceled on November 19
Thirteen of 17 brokerages rate stock “buy” or higher and four “hold”; their median PT is $39 - data compiled by LSEG
As of last close, shares down 61.2% YTD
