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 firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $74.72, for a total transaction of $3,494,355.52. Following the transaction, the director now directly owns 848,180 shares in the company, valued at approximately $63,376,009.60. This trade represents a 5.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

BellRing Brands Stock Down 1.6 %

Shares of BRBR opened at $72.99 on Friday. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86. BellRing Brands, Inc. has a twelve month low of $48.06 and a twelve month high of $80.67. The company has a 50 day moving average of $75.61 and a two-hundred day moving average of $68.36.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping the consensus estimate 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, sell-side analysts expect that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Institutional Investors Weigh In On BellRing Brands

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of BellRing Brands during the fourth quarter worth $1,399,000. Public Employees Retirement System of Ohio lifted its stake in shares of BellRing Brands by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 172,388 shares of the company’s stock worth $12,988,000 after buying an additional 10,652 shares during the period. Focus Partners Advisor Solutions LLC acquired a new stake in shares of BellRing Brands during the fourth quarter worth $246,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of BellRing Brands by 24.9% during the fourth 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 buying an additional 166,153 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of BellRing Brands by 4.3% during the fourth quarter. Voloridge Investment Management LLC now owns 781,562 shares of the company’s stock worth $58,883,000 after buying an additional 31,981 shares during the period. 94.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRBR. Barclays lifted their price objective on shares of BellRing Brands from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and an average 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.