Insider Selling: BellRing Brands, Inc. (NYSE:BRBR) Director Sells 79,068 Shares of Stock

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) Director Robert V. Vitale sold 79,068 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the completion of the transaction, the director now directly owns 982,706 shares in the company, valued at $75,707,670.24. This trade represents a 7.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

BellRing Brands Stock Down 1.6 %

NYSE:BRBR traded down $1.18 during mid-day trading on Friday, hitting $72.99. 1,992,299 shares of the stock traded hands, compared to its average volume of 1,169,021. 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 $9.36 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.34 and a beta of 0.86. The firm's 50 day moving average is $75.61 and its two-hundred day moving average is $68.36.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating 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%. As a group, research analysts predict that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Wall Street Analyst Weigh In

BRBR has been the subject of a number of research analyst reports. Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a "hold" rating in a research report on Wednesday, November 20th. DA Davidson restated a "neutral" rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Citigroup upped their price objective on BellRing Brands from $83.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Mizuho upped their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $77.87.

Institutional Trading of BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in BellRing Brands by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock worth $1,012,419,000 after buying an additional 135,105 shares during the period. Wasatch Advisors LP grew its stake in BellRing Brands by 8.0% in the 3rd quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after acquiring an additional 494,669 shares in the last quarter. Franklin Resources Inc. increased its position in shares of BellRing Brands by 2.2% during the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company's stock worth $344,885,000 after acquiring an additional 96,991 shares during the period. Invesco Ltd. increased its position in shares of 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 acquiring an additional 1,121,691 shares during the period. Finally, State Street Corp raised its stake in shares of BellRing Brands by 1.3% during the third quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after acquiring an additional 50,339 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

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.