BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 15,000 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 15,000 shares of BellRing Brands stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the sale, the director now owns 818,180 shares of the company’s stock, valued at approximately $59,776,230.80. The trade was a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BellRing Brands Stock Performance

NYSE:BRBR opened at $71.44 on Thursday. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The firm has a market cap of $9.16 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. The business has a 50 day moving average price of $75.33 and a 200-day moving average price of $68.85.

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

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors have recently bought and sold shares of BRBR. AQR Capital Management LLC boosted its position in BellRing Brands by 284.2% during the 4th quarter. AQR Capital Management LLC now owns 2,278,508 shares of the company’s stock valued at $171,663,000 after acquiring an additional 1,685,525 shares in the last quarter. Norges Bank bought a new stake in shares of BellRing Brands during the fourth quarter valued at approximately $114,185,000. Holocene Advisors LP purchased a new stake in BellRing Brands in the third quarter worth $69,998,000. Invesco Ltd. raised its holdings in BellRing Brands by 35.7% in the fourth 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, Wellington Management Group LLP lifted its position in BellRing Brands by 32.6% during the fourth quarter. Wellington Management Group LLP now owns 3,655,607 shares of the company’s stock valued at $275,413,000 after buying an additional 898,885 shares during the period. 94.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Evercore ISI lifted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Barclays upped their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, February 4th. Mizuho raised their price objective on BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.