BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

BellRing Brands (NYSE:BRBR) had its price target lifted by Jefferies Financial Group from $61.00 to $84.00 in a research report sent to investors on Thursday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other brokerages have also recently commented on BRBR. Stephens reiterated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Truist Financial boosted their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. decreased 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 report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.33.

BellRing Brands Stock Performance

NYSE:BRBR traded up $0.04 during trading hours on Thursday, reaching $72.51. The company’s stock had a trading volume of 453,828 shares, compared to its average volume of 1,198,068. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 1.63 and a beta of 0.84. The firm has a 50-day simple moving average of $63.61 and a 200-day simple moving average of $58.57. BellRing Brands has a 1 year low of $44.37 and a 1 year high of $73.27.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds have recently bought and sold shares of the business. Chartwell Investment Partners LLC boosted its stake in BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after acquiring an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of BellRing Brands by 2.4% in the second 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 in the last quarter. Hanseatic Management Services Inc. lifted 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 worth $828,000 after buying an additional 263 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after buying an additional 276 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake 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 worth $63,000 after buying an additional 374 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

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.