Robert V. Vitale Sells 79,068 Shares of BellRing Brands, Inc. (NYSE:BRBR) Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 79,068 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 982,706 shares of the company’s stock, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BellRing Brands Stock Up 1.0 %

Shares of BellRing Brands stock opened at $77.48 on Wednesday. The business has a 50 day moving average of $75.78 and a 200 day moving average of $67.90. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The company has a market cap of $9.98 billion, a PE ratio of 36.38, a P/E/G ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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, research analysts anticipate that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BRBR shares. Evercore ISI increased their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Mizuho increased their price target on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Stifel Nicolaus boosted their price objective on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America raised their target price on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.87.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently modified their holdings of the stock. SeaBridge Investment Advisors LLC raised its holdings in BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock worth $1,337,000 after buying an additional 142 shares during the last quarter. Fifth Third Bancorp raised its holdings in BellRing Brands by 18.2% in the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after acquiring an additional 153 shares during the last quarter. Dorsey Wright & Associates lifted its position in BellRing Brands by 0.3% in the 4th quarter. Dorsey Wright & Associates now owns 50,429 shares of the company’s stock valued at $3,799,000 after acquiring an additional 163 shares in the last quarter. Chartwell Investment Partners LLC lifted its position in BellRing Brands by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after acquiring an additional 181 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its stake in BellRing Brands by 3.0% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after purchasing an additional 185 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.