Robert V. Vitale Sells 46,766 Shares of BellRing Brands, Inc. (NYSE:BRBR) Stock

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) Director Robert V. Vitale sold 46,766 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $74.72, for a total transaction of $3,494,355.52. Following the completion of the transaction, the director now owns 848,180 shares in the company, valued at approximately $63,376,009.60. The trade was a 5.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

BellRing Brands Price Performance

Shares of NYSE:BRBR traded down $0.62 during midday trading on Tuesday, hitting $72.26. The company had a trading volume of 1,982,016 shares, compared to its average volume of 1,199,842. BellRing Brands, Inc. has a 12-month low of $48.06 and a 12-month high of $80.67. The company has a fifty day moving average of $75.51 and a two-hundred day moving average of $68.70. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 33.92, a PEG 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 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%. Research analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRBR. Farther Finance Advisors LLC boosted its holdings in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after buying an additional 474 shares during the period. UMB Bank n.a. boosted its stake 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 worth $43,000 after acquiring an additional 234 shares during the period. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands during the third quarter worth about $44,000. Colonial Trust Co SC bought a new stake in BellRing Brands during the 4th quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in BellRing Brands in the 4th quarter worth approximately $52,000. Institutional investors own 94.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Bank of America upped their price objective on BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Citigroup upped their price target on BellRing Brands from $83.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Barclays lifted their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Evercore ISI upped their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Finally, DA Davidson reiterated a "neutral" rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock 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.