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

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) Director Robert V. Vitale sold 28,453 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 1,110,004 shares of the company's stock, valued at $85,370,407.64. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BellRing Brands Trading Down 1.3 %

Shares of NYSE BRBR traded down $1.00 during midday trading on Monday, reaching $76.55. 948,045 shares of the stock were exchanged, compared to its average volume of 1,229,046. The stock has a 50 day moving average price of $75.79 and a 200-day moving average price of $67.72. 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. BellRing Brands, Inc. has a 52-week low of $48.06 and a 52-week high of $80.67.

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 for the quarter, beating the consensus estimate 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, analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of BellRing Brands by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 13,438,006 shares of the company's stock valued at $1,012,419,000 after purchasing an additional 135,105 shares during the last quarter. Wasatch Advisors LP boosted its holdings in BellRing Brands by 8.0% in the third 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. grew its position in BellRing Brands by 2.2% during the fourth 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 during the period. Invesco Ltd. increased 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 acquiring an additional 1,121,691 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of BellRing Brands by 1.3% in the 3rd quarter. State Street Corp now owns 3,886,709 shares of the company's stock valued at $236,001,000 after purchasing an additional 50,339 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of 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 lifted their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Barclays raised their price objective on BellRing Brands from $79.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Finally, DA Davidson reiterated a "neutral" rating and set a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Three research 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 currently has a consensus rating of "Moderate Buy" and an average 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.