BellRing Brands, Inc. (NYSE:BRBR) Director Sells $3,423,545.13 in Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 44,249 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total value of $3,423,545.13. Following the completion of the transaction, the director now directly owns 938,457 shares of the company’s stock, valued at approximately $72,608,418.09. This trade represents a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BellRing Brands Trading Down 1.6 %

BRBR stock opened at $72.99 on Friday. The stock has a 50-day moving average price of $75.61 and a two-hundred day moving average price of $68.36. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The company has a market cap of $9.36 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands in the third quarter worth about $31,000. Farther Finance Advisors LLC boosted its position in shares of 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 buying an additional 474 shares during the period. UMB Bank n.a. boosted 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 worth $43,000 after buying an additional 234 shares during the period. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands in the third quarter worth about $44,000. Finally, Colonial Trust Co SC purchased a new stake in shares of BellRing Brands in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

BRBR has been the subject of a number of recent analyst reports. Evercore ISI lifted their price objective 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 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. Barclays lifted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three investment 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 presently has a consensus rating of “Moderate Buy” and an average price target 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.