BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 15,000 Shares

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) Director Robert V. Vitale sold 15,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $73.06, for a total value of $1,095,900.00. Following the completion of the transaction, the director now directly owns 818,180 shares in the company, valued at $59,776,230.80. This trade represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BellRing Brands Trading Up 4.1 %

BRBR stock traded up $2.91 during midday trading on Friday, hitting $73.36. 2,198,038 shares of the company's stock were exchanged, compared to its average volume of 1,216,757. The firm has a 50 day moving average price of $75.13 and a 200-day moving average price of $69.10. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 2.24 and a beta of 0.86.

BellRing Brands (NYSE:BRBR - Get Free Report) 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 net margin of 13.32% and a negative return on equity of 130.14%. On average, sell-side analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current fiscal year.

Remove Ads

Analyst Ratings Changes

BRBR has been the subject of several research analyst reports. Stephens restated an "equal weight" rating and set a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, February 4th. Citigroup increased 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. Truist Financial boosted their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a "hold" rating in a research note on Wednesday, November 20th. Stifel Nicolaus raised their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Bank of America upped their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.87.

Hedge Funds Weigh In On BellRing Brands

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in BellRing Brands by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock valued at $1,012,419,000 after buying an additional 135,105 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock valued at $406,903,000 after acquiring an additional 494,669 shares during the last quarter. Franklin Resources Inc. raised its position in shares of BellRing Brands by 2.2% during the 4th quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock valued at $344,885,000 after acquiring an additional 96,991 shares in the last quarter. Invesco Ltd. lifted its stake in BellRing Brands by 35.7% during the fourth quarter. Invesco Ltd. now owns 4,266,375 shares of the company's stock worth $321,429,000 after purchasing an additional 1,121,691 shares during the last quarter. Finally, State Street Corp boosted its holdings in BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company's stock worth $236,001,000 after purchasing an additional 50,339 shares during the period. 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.