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

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) Director Robert V. Vitale sold 5,100 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the transaction, the director now directly owns 1,166,691 shares in the company, valued at $87,851,832.30. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BellRing Brands Stock Performance

BRBR stock traded down $1.00 during trading on Friday, hitting $76.55. The stock had a trading volume of 948,045 shares, compared to its average volume of 1,229,046. The company's 50 day moving average price is $75.79 and its two-hundred day moving average price is $67.49. BellRing Brands, Inc. has a 1-year low of $48.06 and a 1-year high of $80.67. The stock has a market cap of $9.86 billion, a price-to-earnings ratio of 35.94, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. As a group, sell-side analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BRBR has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Citigroup boosted their target price on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. DA Davidson restated a "neutral" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Jefferies Financial Group boosted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, TD Cowen boosted their target price on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.87.

Hedge Funds Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of BRBR. V Square Quantitative Management LLC purchased a new position in shares of BellRing Brands during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in shares of 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 during the last quarter. UMB Bank n.a. boosted its stake in shares of 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 during the last quarter. Truvestments Capital LLC purchased a new position in shares of BellRing Brands during the 3rd quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of BellRing Brands during the 4th quarter valued at approximately $52,000. 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.