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 BellRing Brands stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $77.04, for a total transaction of $6,091,398.72. Following the transaction, the director now directly owns 982,706 shares in the company, valued at approximately $75,707,670.24. The trade was a 7.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BellRing Brands Stock Down 4.4 %

BRBR stock opened at $74.01 on Friday. The stock has a market capitalization of $9.49 billion, a P/E ratio of 34.74, a P/E/G ratio of 2.34 and a beta of 0.86. The firm has a 50-day simple moving average of $75.72 and a 200-day simple moving average of $68.20. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67.

BellRing Brands (NYSE:BRBR) last released its earnings results 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 net margin of 13.32% and a negative return on equity of 130.14%. On average, analysts expect that BellRing Brands, Inc. will post 2.23 earnings per share for the current year.

Institutional Trading of BellRing Brands

Several large investors have recently bought and sold shares of BRBR. Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $1,399,000. Public Employees Retirement System of Ohio grew its stake in shares of 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 valued at $12,988,000 after buying an additional 10,652 shares during the period. Focus Partners Advisor Solutions LLC purchased a new stake in shares of BellRing Brands in the 4th quarter valued at approximately $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of 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 valued at $62,872,000 after buying an additional 166,153 shares during the period. Finally, Voloridge Investment Management LLC grew its stake in shares of BellRing Brands by 4.3% in the 4th 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 period. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BRBR. Jefferies Financial Group lifted 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. Truist Financial lifted 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. Stephens reaffirmed an “equal weight” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, February 4th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and a consensus price target 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.