Robert V. Vitale Sells 46,766 Shares of BellRing Brands, Inc. (NYSE:BRBR) Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 46,766 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $74.72, for a total value of $3,494,355.52. Following the completion of the transaction, the director now directly owns 848,180 shares in the company, valued at approximately $63,376,009.60. The trade was a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BellRing Brands Price Performance

Shares of BRBR opened at $72.99 on Friday. The company has a market cap of $9.36 billion, a P/E ratio of 34.27, a PEG ratio of 2.24 and a beta of 0.86. The stock has a fifty day moving average price of $75.61 and a 200 day moving average price of $68.47. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. As a group, research analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. grew its stake in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of BellRing Brands in the fourth quarter worth $44,000. Farther Finance Advisors LLC grew its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands in the fourth quarter worth $52,000. Finally, Truvestments Capital LLC bought a new position in shares of BellRing Brands in the third quarter worth $44,000. Institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen upped their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Mizuho boosted their price target on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Citigroup boosted their price target on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average target price of $77.87.

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.