Robert V. Vitale Sells 15,000 Shares of BellRing Brands, Inc. (NYSE:BRBR) Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 15,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $73.06, for a total transaction of $1,095,900.00. Following the completion of the sale, the director now owns 818,180 shares of the company’s stock, valued at $59,776,230.80. This represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

BellRing Brands Stock Down 1.4 %

BellRing Brands stock opened at $70.50 on Friday. The business has a 50 day moving average price of $75.19 and a two-hundred day moving average price of $68.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

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

Analysts Set New Price Targets

BRBR has been the subject of several recent analyst reports. TD Cowen upped their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Mizuho upped their target price on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Bank of America upped their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.87.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of BellRing Brands during the 4th quarter worth approximately $44,000. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands in the fourth quarter valued at $52,000. Finally, Truvestments Capital LLC acquired a new position in BellRing Brands during the third quarter worth $44,000. 94.97% of the stock is owned by institutional investors.

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.