BellRing Brands, Inc. (NYSE:BRBR) Director Sells $2,188,320.23 in Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 28,453 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $76.91, for a total transaction of $2,188,320.23. Following the completion of the transaction, the director now owns 1,110,004 shares in the company, valued at $85,370,407.64. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

BellRing Brands Stock Up 0.7 %

Shares of NYSE:BRBR opened at $77.52 on Friday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The stock’s 50 day moving average is $75.84 and its 200-day moving average is $67.24. The firm has a market capitalization of $9.98 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data 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 net margin of 13.32% and a negative return on equity of 130.14%. Equities research analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BRBR shares. Bank of America lifted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stephens reissued an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, February 4th. Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, DA Davidson restated a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.87.

Hedge Funds Weigh In On BellRing Brands

Several large investors have recently added to or reduced their stakes in the business. SeaBridge Investment Advisors LLC raised its stake in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after purchasing an additional 142 shares during the last quarter. Fifth Third Bancorp grew its holdings in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after buying an additional 153 shares in the last quarter. Dorsey Wright & Associates raised its position in BellRing Brands by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock valued at $3,799,000 after buying an additional 163 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. lifted its stake in BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after acquiring an additional 185 shares in the last quarter. Institutional investors 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.