Insider Selling: BellRing Brands, Inc. (NYSE:BRBR) Director Sells $3,494,355.52 in Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 46,766 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $74.72, for a total transaction of $3,494,355.52. Following the completion of the sale, the director now directly owns 848,180 shares in the company, valued at $63,376,009.60. This trade represents a 5.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BellRing Brands Stock Performance

NYSE:BRBR opened at $72.99 on Monday. The company has a fifty day moving average of $75.61 and a two-hundred day moving average of $68.58. The stock has a market capitalization of $9.36 billion, a PE ratio of 34.27, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a fifty-two week low of $48.06 and a fifty-two week high of $80.67.

BellRing Brands (NYSE:BRBR) last issued 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 net margin of 13.32% and a negative return on equity of 130.14%. Research analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Wall Street Analyst Weigh In

BRBR has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Bank of America increased their price target on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial increased their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Finally, Citigroup increased their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.87.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently modified their holdings of the business. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $1,399,000. Public Employees Retirement System of Ohio raised its position in shares of BellRing Brands by 6.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 172,388 shares of the company’s stock valued at $12,988,000 after buying an additional 10,652 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in shares of BellRing Brands in the fourth quarter valued at about $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of BellRing Brands by 24.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 834,514 shares of the company’s stock valued at $62,872,000 after buying an additional 166,153 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its position in shares of BellRing Brands by 4.3% in the fourth quarter. Voloridge Investment Management LLC now owns 781,562 shares of the company’s stock valued at $58,883,000 after buying an additional 31,981 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

About BellRing Brands

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.