Bellring Brands, Inc. (NYSE:BRBR) has recently announced a new share repurchase authorization of $300 million over the next two years. The company has already made significant progress in this regard, having repurchased 2.1 million shares of its common stock for $151.7 million at an average price of $72.14 per share between December 31, 2024, and March 6, 2025.
Additionally, as of March 6, 2025, Bellring had repurchased approximately $288 million under its previous $300 million share repurchase authorization, which was effective from March 11, 2024, until its cancellation on March 6, 2025.
It's important to note that the company's repurchases may be executed through various means including open market purchases, private transactions, or through derivative and alternative arrangements. The press release also emphasizes that the share repurchase authorization does not obligate Bellring to acquire any specific amount of shares, and the company reserves the right to suspend or terminate repurchases at its discretion.
This development highlights the company's commitment to returning value to its shareholders and maintaining an active approach to capital allocation. The decision to engage in significant share repurchases may also signal management's confidence in the company's financial position and future prospects. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $69.03. Check out the company's full 8-K submission here.
