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 BellRing Brands stock in a transaction on 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 sale, the director now directly owns 982,706 shares of the company’s stock, valued at $75,707,670.24. This represents a 7.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

BellRing Brands Stock Up 1.0 %

NYSE:BRBR opened at $77.48 on Wednesday. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The stock’s 50-day simple moving average is $75.78 and its 200 day simple moving average is $67.90. The firm has a market capitalization 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 (NYSE:BRBR) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating 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%. On average, analysts anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its position in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. increased its holdings in BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after purchasing an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter valued at about $44,000. Finally, Colonial Trust Co SC acquired a new stake in shares of BellRing Brands during the fourth quarter valued at about $44,000. Institutional investors own 94.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BRBR. Mizuho lifted their price objective 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. Barclays lifted their price target on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Stifel Nicolaus boosted their price target on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Finally, Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.