BellRing Brands, Inc. (NYSE:BRBR) Director Sells $2,188,320.23 in Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 28,453 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $76.91, for a total value of $2,188,320.23. Following the transaction, the director now owns 1,110,004 shares of the company’s stock, valued at approximately $85,370,407.64. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BellRing Brands Trading Down 1.3 %

BRBR opened at $76.55 on Friday. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67. The stock has a fifty day moving average price of $75.79 and a 200-day moving average price of $67.49.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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, equities research analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRBR. V Square Quantitative Management LLC acquired a new position in BellRing Brands during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC increased 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 valued at $41,000 after buying an additional 474 shares in the last quarter. UMB Bank n.a. increased its position in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after buying an additional 234 shares in the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands during the 3rd quarter valued at about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands during the 4th quarter valued at about $52,000. 94.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRBR has been the subject of a number of recent analyst reports. Barclays boosted their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. TD Cowen boosted their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus upped their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus target price 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.