BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 79,068 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 79,068 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $77.04, for a total value of $6,091,398.72. Following the completion of the transaction, the director now owns 982,706 shares of the company’s stock, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

BellRing Brands Trading Up 1.0 %

NYSE:BRBR traded up $0.80 during trading hours on Tuesday, reaching $77.48. 1,146,701 shares of the company were exchanged, compared to its average volume of 1,147,242. The firm has a market cap of $9.98 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. 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 $75.78 and its 200-day moving average is $67.90.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, research analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands during the third quarter worth approximately $31,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares in the last quarter. UMB Bank n.a. raised its position in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of BellRing Brands in the third quarter worth about $44,000. Finally, Colonial Trust Co SC acquired a new position in BellRing Brands during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

BRBR has been the topic of several research reports. Evercore ISI increased their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. TD Cowen boosted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Barclays upped their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. 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 investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.87.

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.