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

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 stock was sold at an average price of $75.30, for a total transaction of $384,030.00. Following the completion of the sale, the director now owns 1,166,691 shares in the company, valued at approximately $87,851,832.30. The trade was a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

BellRing Brands Stock Performance

Shares of NYSE:BRBR opened at $76.87 on Thursday. BellRing Brands, Inc. has a 52 week low of $48.06 and a 52 week high of $80.67. The company’s fifty day moving average is $75.85 and its 200-day moving average is $67.17. The company has a market capitalization of $9.90 billion, a PE ratio of 36.09, a P/E/G ratio of 2.34 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating 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, analysts forecast that BellRing Brands, Inc. will post 2.23 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Motley Fool Asset Management LLC raised its holdings in shares of BellRing Brands by 10.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 31,800 shares of the company’s stock valued at $2,396,000 after buying an additional 3,000 shares during the last quarter. Bryce Point Capital LLC bought a new position in shares of BellRing Brands in the fourth quarter valued at about $608,000. National Bank of Canada FI bought a new position in shares of BellRing Brands in the fourth quarter valued at about $1,846,000. Franklin Resources Inc. raised its holdings in shares of BellRing Brands by 2.2% in the fourth quarter. Franklin Resources Inc. now owns 4,577,708 shares of the company’s stock valued at $344,885,000 after buying an additional 96,991 shares during the last quarter. Finally, Axiom Investors LLC DE raised its holdings in shares of BellRing Brands by 4,670.5% in the fourth quarter. Axiom Investors LLC DE now owns 434,113 shares of the company’s stock valued at $32,706,000 after buying an additional 425,013 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BRBR has been the topic of several research analyst reports. Truist Financial raised their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Citigroup lifted their price target on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Mizuho lifted their price target on shares of BellRing Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Evercore ISI lifted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and an average 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.