Robert V. Vitale Sells 46,766 Shares of BellRing Brands, Inc. (NYSE:BRBR) Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 46,766 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $74.72, for a total value of $3,494,355.52. Following the sale, the director now directly owns 848,180 shares of the company’s stock, valued at approximately $63,376,009.60. This trade represents a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BellRing Brands Trading Down 1.6 %

NYSE:BRBR traded down $1.18 during midday trading on Friday, reaching $72.99. The company had a trading volume of 1,992,299 shares, compared to its average volume of 1,169,021. The firm has a market capitalization of $9.36 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.34 and a beta of 0.86. The stock’s fifty day simple moving average is $75.72 and its 200-day simple moving average is $68.20. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Wall Street Analysts Forecast Growth

BRBR has been the subject of several recent analyst reports. Evercore ISI raised their target price 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 lifted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. Citigroup lifted their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Braun Stacey Associates Inc. purchased a new stake in BellRing Brands during the 3rd quarter worth about $18,680,000. Charles Schwab Investment Management Inc. lifted its holdings in BellRing Brands by 35.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after buying an additional 333,287 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in BellRing Brands by 152.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock worth $1,264,000 after buying an additional 10,117 shares during the last quarter. Banco Santander S.A. purchased a new stake in BellRing Brands during the 3rd quarter worth about $672,000. Finally, Empowered Funds LLC lifted its holdings in BellRing Brands by 151.4% during the 3rd quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock worth $4,241,000 after buying an additional 42,059 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

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.