BUZZ-BellRing gains after $600 million share buyback program announced** 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
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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