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

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 44,249 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 owns 938,457 shares in the company, valued at $72,608,418.09. This represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BellRing Brands Price Performance

Shares of BRBR traded down $0.02 during midday trading on Wednesday, hitting $77.38. The stock had a trading volume of 759,473 shares, compared to its average volume of 1,135,124. The firm has a market cap of $9.93 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 2.32 and a beta of 0.86. The company has a 50 day simple moving average of $75.79 and a two-hundred day simple moving average of $68.09. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping 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%. Analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BRBR. Stifel Nicolaus increased their target price 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 target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. TD Cowen boosted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI increased 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. Finally, Bank of America lifted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three 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, BellRing Brands presently has an average rating of “Moderate Buy” and an average target price of $77.87.

Institutional Trading of BellRing Brands

A number of hedge funds and other institutional investors have recently modified their holdings of BRBR. CWM LLC grew its stake in BellRing Brands by 264.3% in the third quarter. CWM LLC now owns 3,927 shares of the company’s stock valued at $238,000 after purchasing an additional 2,849 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in BellRing Brands during the third quarter worth approximately $31,000. Lecap Asset Management Ltd. bought a new stake in shares of BellRing Brands during the third quarter worth approximately $1,501,000. International Assets Investment Management LLC acquired a new position in shares of BellRing Brands in the third quarter valued at approximately $57,960,000. Finally, E. Ohman J or Asset Management AB bought a new position in shares of BellRing Brands during the third quarter worth approximately $30,753,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.