BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 5,100 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the transaction, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BellRing Brands Price Performance

NYSE:BRBR traded up $0.76 during trading hours on Tuesday, hitting $76.24. 689,365 shares of the company were exchanged, compared to its average volume of 1,192,199. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.34 and a beta of 0.86. The company’s 50 day moving average price is $75.86 and its 200-day moving average price is $66.99.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data 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, equities analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

BRBR has been the topic of a number of recent research reports. Bank of America increased their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stephens reissued an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, February 4th. Barclays raised their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Finally, Mizuho increased their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and an average target price of $77.87.

Institutional Trading of BellRing Brands

Several large investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of BellRing Brands by 264.3% in the third quarter. CWM LLC now owns 3,927 shares of the company’s stock worth $238,000 after purchasing an additional 2,849 shares during the last quarter. Carnegie Investment Counsel increased its holdings in BellRing Brands by 17.8% in the 3rd quarter. Carnegie Investment Counsel now owns 55,667 shares of the company’s stock worth $3,380,000 after buying an additional 8,423 shares during the period. Exchange Traded Concepts LLC raised its position in BellRing Brands by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock worth $796,000 after buying an additional 2,097 shares during the last quarter. nVerses Capital LLC acquired a new stake in BellRing Brands during the 3rd quarter valued at approximately $419,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.