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

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 44,249 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total transaction of $3,423,545.13. Following the sale, the director now directly owns 938,457 shares of the company’s stock, valued at approximately $72,608,418.09. This represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $77.38 on Thursday. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The firm has a market capitalization of $9.93 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 2.32 and a beta of 0.86. The company’s fifty day moving average price is $75.79 and its two-hundred day moving average price is $68.16.

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

Analyst Ratings Changes

BRBR has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their target price on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Bank of America increased their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.87.

Institutional Inflows and Outflows

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

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.