BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale Sells 5,100 Shares

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 5,100 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $75.30, for a total value of $384,030.00. Following the completion of the transaction, the director now owns 1,166,691 shares of the company’s stock, valued at approximately $87,851,832.30. This represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BellRing Brands Price Performance

BellRing Brands stock opened at $76.24 on Wednesday. The stock’s 50-day moving average is $75.86 and its 200-day moving average is $66.99. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a 12 month low of $48.06 and a 12 month high of $80.67.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data 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 anticipate that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently modified their holdings of BRBR. SeaBridge Investment Advisors LLC raised its holdings in shares of BellRing Brands by 0.8% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after buying an additional 142 shares during the period. Fifth Third Bancorp increased its holdings in BellRing Brands by 18.2% during the 4th quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock worth $75,000 after purchasing an additional 153 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its holdings 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 worth $472,000 after purchasing an additional 185 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in BellRing Brands by 5.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,501 shares of the company’s stock worth $264,000 after purchasing an additional 188 shares during the last quarter. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BRBR has been the topic of a number of analyst reports. Truist Financial increased their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Stifel Nicolaus increased 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. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three equities 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.