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 value of $3,494,355.52. Following the completion of the sale, the director now owns 848,180 shares of the company’s stock, valued at approximately $63,376,009.60. This trade represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BellRing Brands Trading Down 1.6 %

Shares of BellRing Brands stock opened at $72.99 on Friday. The stock has a 50-day moving average price of $75.61 and a 200 day moving average price of $68.47. The company has a market cap of $9.36 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.24 and a beta of 0.86. BellRing Brands, Inc. has a 1 year low of $48.06 and a 1 year high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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, equities analysts forecast that BellRing Brands, Inc. will post 2.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Parr Mcknight Wealth Management Group LLC acquired a new position in BellRing Brands in the 4th quarter worth about $1,399,000. Public Employees Retirement System of Ohio increased its position in BellRing Brands by 6.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 172,388 shares of the company’s stock worth $12,988,000 after purchasing an additional 10,652 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in BellRing Brands in the 4th quarter worth about $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in BellRing Brands by 24.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 834,514 shares of the company’s stock worth $62,872,000 after purchasing an additional 166,153 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its position in BellRing Brands by 4.3% in the 4th quarter. Voloridge Investment Management LLC now owns 781,562 shares of the company’s stock worth $58,883,000 after purchasing an additional 31,981 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BRBR. Stephens restated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. TD Cowen upped their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Evercore ISI upped their target price on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their target price on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.