Insider Selling: BellRing Brands, Inc. (NYSE:BRBR) Director Sells 44,249 Shares of Stock

BellRing Brands, Inc. (NYSE:BRBR) Director Robert V. Vitale sold 44,249 shares of BellRing Brands stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $77.37, for a total value of $3,423,545.13. Following the sale, the director now directly owns 938,457 shares of the company’s stock, valued at approximately $72,608,418.09. This trade represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $74.01 on Friday. The firm has a market cap of $9.49 billion, a price-to-earnings ratio of 34.74, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. The stock’s 50-day moving average is $75.72 and its 200-day moving average is $68.20. BellRing Brands, Inc. has a one year low of $48.06 and a one year high of $80.67.

BellRing Brands (NYSE:BRBR) last issued its quarterly 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%. On average, equities analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Institutional Trading of BellRing Brands

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands in the third quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares in the last quarter. UMB Bank n.a. raised its holdings in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the third quarter worth about $44,000. Finally, Colonial Trust Co SC bought a new stake in BellRing Brands during the fourth quarter worth about $44,000. 94.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BRBR shares. Mizuho lifted their price objective on BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. TD Cowen lifted their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Truist Financial lifted their price objective on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Evercore ISI lifted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their price objective on BellRing Brands from $79.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.87.

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.