BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 28,453 Shares of Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 28,453 shares of BellRing Brands stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the sale, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $77.52 on Friday. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a market capitalization of $9.98 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. The company has a fifty day moving average of $75.84 and a 200-day moving average of $67.24.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 130.14% and a net margin of 13.32%. On average, equities analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

BRBR has been the subject of several analyst reports. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus boosted their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial increased their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Citigroup increased their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.87.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in BellRing Brands during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of BellRing Brands by 243.1% during 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 during the period. 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 during the last quarter. Truvestments Capital LLC acquired a new stake in BellRing Brands in the third quarter valued at $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands during the 4th quarter worth $52,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

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.