BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 5,100 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 5,100 shares of BellRing Brands stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BellRing Brands Trading Up 1.0 %

BRBR traded up $0.76 on Tuesday, hitting $76.24. 689,365 shares of the company’s stock were exchanged, compared to its average volume of 1,192,199. The firm has a 50-day moving average price of $75.86 and a 200-day moving average price of $66.99. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) 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%. On average, equities analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. V Square Quantitative Management LLC acquired a new position in BellRing Brands in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its position 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 acquiring an additional 474 shares during the period. UMB Bank n.a. grew its position in BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares during the period. Truvestments Capital LLC acquired a new stake in BellRing Brands during the third quarter worth $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the fourth quarter worth $52,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BRBR shares. Mizuho raised their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Barclays raised their target price on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Bank of America increased their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup upped their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.