BellRing Brands (NYSE:BRBR) Price Target Raised to $65.00 at Morgan Stanley

BellRing Brands (NYSE:BRBRFree Report) had its price target upped by Morgan Stanley from $61.00 to $65.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts have also recently commented on the stock. Mizuho boosted their price target on shares of BellRing Brands from $57.00 to $60.00 and gave the stock a buy rating in a research note on Thursday, January 18th. Citigroup assumed coverage on shares of BellRing Brands in a research note on Thursday, February 1st. They issued a buy rating and a $67.00 target price on the stock. Needham & Company LLC upped their target price on shares of BellRing Brands from $52.00 to $62.00 and gave the stock a buy rating in a research note on Tuesday, February 6th. DA Davidson assumed coverage on shares of BellRing Brands in a research note on Friday, December 8th. They issued a neutral rating and a $60.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on shares of BellRing Brands from $60.00 to $63.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $57.08.

Get Our Latest Research Report on BRBR

BellRing Brands Stock Performance

BRBR stock opened at $61.49 on Thursday. BellRing Brands has a 52-week low of $29.13 and a 52-week high of $62.76. The firm has a market capitalization of $8.05 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 2.30 and a beta of 0.84. The firm has a 50 day moving average price of $55.93 and a 200-day moving average price of $49.37.

BellRing Brands (NYSE:BRBRGet Free Report) last posted its earnings results on Monday, February 5th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. BellRing Brands had a net margin of 9.52% and a negative return on equity of 56.67%. The business had revenue of $430.40 million during the quarter, compared to the consensus estimate of $407.91 million. As a group, sell-side analysts forecast that BellRing Brands will post 1.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BellRing Brands news, Director Elliot Stein, Jr. sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $57.81, for a total value of $57,810.00. Following the completion of the transaction, the director now owns 24,646 shares of the company’s stock, valued at $1,424,785.26. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of BellRing Brands by 2.3% during the second quarter. BlackRock Inc. now owns 15,107,570 shares of the company’s stock worth $552,937,000 after purchasing an additional 333,164 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of BellRing Brands by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock worth $736,151,000 after purchasing an additional 155,252 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of BellRing Brands by 1.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,684,211 shares of the company’s stock worth $166,370,000 after purchasing an additional 97,600 shares during the last quarter. FMR LLC grew its position in BellRing Brands by 1.9% during the third quarter. FMR LLC now owns 4,524,052 shares of the company’s stock valued at $186,527,000 after buying an additional 84,750 shares during the period. Finally, State Street Corp grew its position in BellRing Brands by 1.0% during the second quarter. State Street Corp now owns 4,421,223 shares of the company’s stock valued at $161,817,000 after buying an additional 42,807 shares during the period. Hedge funds and other institutional investors own 94.90% of the company’s stock.

BellRing Brands Company Profile

(Get Free Report)

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.

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