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Robert Vitale, a director at BellRing Brands Inc. (NYSE:BRBR), recently sold shares of the company’s common stock in several transactions totaling approximately $2.16 million. The sales occurred on February 24 and 25, with prices ranging from $72.23 to $73.64 per share. The transactions come as BRBR shares have shown remarkable strength, posting a 25.68% gain over the past six months, according to InvestingPro data.
The transactions involved the sale of 14,230 shares at an average price of $73.03, 770 shares at an average price of $73.64, and 14,723 shares at an average price of $72.23. Following these transactions, Vitale holds 803,457 shares directly in the company, which currently maintains a market capitalization of $9.26 billion.
These sales were conducted to cover tax obligations related to the vesting of performance-based and time-based restricted stock units previously granted to Vitale. Additionally, Vitale has indirect ownership of 132,483 shares through a family trust and 166,021 shares through a trust for his spouse. InvestingPro analysis shows the company maintains strong liquidity with a current ratio of 3.35, while analysts maintain a bullish outlook with price targets ranging from $75 to $94 per share. Get deeper insights into BRBR’s valuation and growth metrics with InvestingPro’s comprehensive research report.
In other recent news, BellRing Brands has reported strong financial results, with its first-quarter revenue rising nearly 24% and EBITDA jumping almost 25% to $125.3 million, surpassing estimates. Following these robust results, the company has revised its full-year 2025 revenue outlook, now anticipating growth between 13% and 17%, and has raised its EBITDA outlook by $10 million at the midpoint. Analysts have responded positively, with Mizuho (NYSE:MFG) Securities raising its price target to $85 and maintaining an Outperform rating, while Stifel increased its target to $83 and kept a Buy rating. Jefferies, although lowering its price target to $86, reiterated a Buy rating, citing strong demand drivers such as display enhancements and packaging changes. DA Davidson maintained a Neutral rating with a $90 target, noting the company’s strong start to fiscal year 2025 but expressing caution about future gains due to valuation concerns. BellRing Brands’ Premier shakes have seen increased buy rate growth, and its Dymatize sales have been bolstered by international market presence. Analysts at Mizuho predict that whey protein prices will peak in early 2025, potentially benefiting the company’s gross margin. Despite some anticipated slower performance in the second half of the year due to shipment and cost phasing, the overall demand for BellRing Brands’ products remains strong.
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