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

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 46,766 shares of BellRing Brands stock in a transaction that occurred 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 completion of the sale, the director now directly owns 848,180 shares in the company, valued at approximately $63,376,009.60. The trade was a 5.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $72.99 on Friday. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67. The company has a market cap 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 business’s 50 day moving average price is $75.61 and its 200-day moving average price is $68.36.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BRBR. Bank of America raised their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stephens restated an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, February 4th. Truist Financial lifted their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three 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 an average rating of “Moderate Buy” and a consensus target price of $77.87.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC grew its stake in BellRing Brands by 0.8% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after acquiring an additional 142 shares in the last quarter. Fifth Third Bancorp increased its position in shares of 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 acquiring an additional 153 shares during the period. Dorsey Wright & Associates increased its position in shares of BellRing Brands by 0.3% during the fourth quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock worth $3,799,000 after acquiring an additional 163 shares during the period. Chartwell Investment Partners LLC increased its position in shares of BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after acquiring an additional 181 shares during the period. Finally, Argonautica Private Wealth Management Inc. increased its position in shares of BellRing Brands by 3.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock worth $472,000 after acquiring an additional 185 shares during the period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.