BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 28,453 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 28,453 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 1,110,004 shares in the company, valued at $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

BellRing Brands Trading Down 1.3 %

Shares of BRBR stock opened at $76.55 on Friday. The company has a market capitalization of $9.86 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.34 and a beta of 0.86. The business’s 50 day moving average is $75.79 and its two-hundred day moving average is $67.49. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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, research analysts predict that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of 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 acquiring an additional 234 shares during the last quarter. Truvestments Capital LLC acquired a new position in shares of BellRing Brands during the third quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of BellRing Brands during the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Bank of America upped their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays upped their target price on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Citigroup upped their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.