BellRing Brands, Inc. (NYSE:BRBR) Director Sells $6,091,398.72 in Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 79,068 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $77.04, for a total value of $6,091,398.72. Following the completion of the sale, the director now directly owns 982,706 shares of the company’s stock, valued at $75,707,670.24. The trade was a 7.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

BellRing Brands Price Performance

Shares of BRBR stock traded up $0.80 during mid-day trading on Tuesday, hitting $77.48. 1,146,701 shares of the stock traded hands, compared to its average volume of 1,147,242. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock has a market cap of $9.98 billion, a P/E ratio of 36.38, a P/E/G ratio of 2.34 and a beta of 0.86. The stock’s fifty day moving average is $75.78 and its two-hundred day moving average is $67.90.

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

Institutional Trading of BellRing Brands

A number of institutional investors have recently made changes to their positions in BRBR. Vanguard Group Inc. raised its stake in BellRing Brands by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company’s stock valued at $1,012,419,000 after buying an additional 135,105 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company’s stock valued at $406,903,000 after acquiring an additional 494,669 shares in the last quarter. Franklin Resources Inc. raised its position in shares of BellRing Brands by 2.2% in the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock valued at $344,885,000 after purchasing an additional 96,991 shares during the last quarter. Invesco Ltd. boosted its stake in BellRing Brands by 35.7% in the 4th quarter. Invesco Ltd. now owns 4,266,375 shares of the company’s stock worth $321,429,000 after purchasing an additional 1,121,691 shares in the last quarter. Finally, State Street Corp grew its position in BellRing Brands by 1.3% during the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company’s stock worth $236,001,000 after purchasing an additional 50,339 shares during the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of analyst reports. DA Davidson reiterated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. TD Cowen increased their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Bank of America boosted their target price on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BellRing Brands currently has an average 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.