BellRing Brands (NYSE:BRBR) Given New $75.00 Price Target at Bank of America

BellRing Brands (NYSE:BRBR) had its target price boosted by Bank of America from $67.00 to $75.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. Barclays upped their target price on shares of BellRing Brands from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Stephens reissued an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, July 25th. JPMorgan Chase & Co. reduced their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

BellRing Brands Trading Up 0.2 %

NYSE:BRBR opened at $65.75 on Tuesday. The firm has a 50 day moving average of $58.96 and a 200-day moving average of $57.03. BellRing Brands has a 1 year low of $42.54 and a 1 year high of $67.12. The stock has a market capitalization of $8.58 billion, a P/E ratio of 45.66, a price-to-earnings-growth ratio of 1.48 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. The firm had revenue of $515.40 million for the quarter, compared to analyst estimates of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. As a group, analysts forecast that BellRing Brands will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC lifted its stake in shares of BellRing Brands by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares during the last quarter. Hanseatic Management Services Inc. grew its stake in shares of BellRing Brands by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after acquiring an additional 263 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of BellRing Brands by 3.8% during the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after purchasing an additional 276 shares during the period. Fifth Third Bancorp raised its position in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after buying an additional 374 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after buying an additional 378 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

BellRing Brands Company Profile

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.