BellRing Brands, Inc. (NYSE:BRBR) Director Sells $3,494,355.52 in Stock

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

BellRing Brands Price Performance

Shares of NYSE:BRBR traded down $1.18 during midday trading on Friday, hitting $72.99. The company had a trading volume of 1,992,299 shares, compared to its average volume of 1,169,021. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. 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 2.34 and a beta of 0.86. The business’s 50-day simple moving average is $75.72 and its 200-day simple moving average is $68.20.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays increased their price target on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. TD Cowen increased their price target on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Mizuho increased their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Truist Financial increased their price target on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Bank of America increased their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $77.87.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in BRBR. Farther Finance Advisors LLC increased its holdings 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 valued at $41,000 after purchasing an additional 474 shares during the last quarter. UMB Bank n.a. increased its holdings 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 valued at $43,000 after purchasing an additional 234 shares during the last quarter. Truvestments Capital LLC acquired a new stake in BellRing Brands during the third quarter worth $44,000. Colonial Trust Co SC acquired a new stake in BellRing Brands during the fourth quarter worth $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the fourth quarter worth $52,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.