JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Robert Vitale, a director at BellRing Brands (NYSE:BRBR), recently sold a substantial portion of his holdings in the company. According to a recent SEC filing, Vitale sold a total of 28,234 shares of BellRing Brands, amounting to approximately $2.14 million. The transactions were executed at prices ranging from $75.17 to $76.16 per share, near the stock’s current trading price of $76.95. InvestingPro data shows the company’s shares have surged over 43% in the past six months, with analysts maintaining a strong buy consensus.
These sales were made to cover tax obligations related to the vesting of performance-based and time-based restricted stock units previously granted to Vitale. Following these transactions, Vitale retains direct ownership of 1,138,457 shares of BellRing Brands. Additionally, he holds indirect ownership through a family trust, with 132,483 shares under his name and 166,021 shares attributed to his spouse. The company, now valued at $9.87 billion, shows strong financial health with a current ratio of 3.35. For deeper insights into BRBR’s valuation and growth prospects, check out the comprehensive research available on InvestingPro, which includes 13 additional expert tips and detailed financial metrics.
In other recent news, BellRing Brands has been the subject of several analyst reviews. Mizuho (NYSE:MFG) Securities raised their price target for the company to $85, citing a strong first-quarter performance and growth in Premier shakes and Dymatize sales. Stifel also increased their target to $83 following a robust first quarter, with revenue and EBITDA surpassing expectations. The company’s revised FY25 revenue outlook anticipates growth between 13% and 17%.
Meanwhile, Jefferies reduced their price target to $86 but maintained a Buy rating, highlighting several demand drivers expected to boost the company’s performance. DA Davidson reiterated a Neutral rating with a $90 price target, noting the company’s success in the ready-to-drink shakes market. However, the firm expressed caution regarding the stock’s potential for further gains.
Stifel analysts reiterated their Buy rating, maintaining a price target of $81. They highlighted the company’s impressive first-quarter financial results, including a 25% increase in EBITDA to $125.3 million. These recent developments reflect the overall positive outlook for BellRing Brands from various analyst firms.
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