Insider Selling: BellRing Brands, Inc. (NYSE:BRBR) Director Sells 46,766 Shares of Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 46,766 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $74.72, for a total transaction of $3,494,355.52. Following the transaction, the director now directly owns 848,180 shares of the company’s stock, valued at approximately $63,376,009.60. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BellRing Brands Stock Down 1.6 %

Shares of NYSE:BRBR opened at $72.99 on Monday. The firm’s 50 day moving average price is $75.61 and its 200 day moving average price is $68.58. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Institutional Trading of BellRing Brands

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in 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 acquiring an additional 234 shares in the last quarter. Colonial Trust Co SC acquired a new stake in BellRing Brands during the fourth quarter worth approximately $44,000. Farther Finance Advisors LLC raised its holdings in 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 purchasing an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the fourth quarter worth approximately $52,000. Finally, Truvestments Capital LLC acquired a new stake in BellRing Brands during the third quarter worth approximately $44,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BRBR shares. Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Citigroup increased their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Mizuho increased their target price on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Stephens reaffirmed an “equal weight” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, February 4th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, BellRing Brands presently 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.