BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 44,249 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 44,249 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $77.37, for a total value of $3,423,545.13. Following the completion of the transaction, the director now directly owns 938,457 shares in the company, valued at $72,608,418.09. This represents a 4.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BellRing Brands Stock Down 0.0 %

BellRing Brands stock opened at $77.38 on Thursday. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The company’s fifty day simple moving average is $75.79 and its 200-day simple moving average is $68.16. The stock has a market cap of $9.93 billion, a P/E ratio of 36.33, a P/E/G ratio of 2.32 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share 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%. On average, equities research analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BRBR. TD Cowen boosted their target price on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Stephens restated an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Evercore ISI raised their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Mizuho lifted their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRBR. V Square Quantitative Management LLC bought a new stake in BellRing Brands in the third quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its holdings in 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. UMB Bank n.a. increased its position in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands during the third quarter valued at about $44,000. Finally, Colonial Trust Co SC acquired a new stake in shares of BellRing Brands in the fourth quarter worth about $44,000. 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.