BellRing Brands (NYSE:BRBR) Price Target Raised to $85.00 at Barclays

BellRing Brands (NYSE:BRBR) had its target price raised by Barclays from $79.00 to $85.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

BRBR has been the topic of several other reports. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus boosted their target price on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Evercore ISI lifted their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $77.53.

BellRing Brands Trading Down 4.1 %

Shares of NYSE BRBR opened at $75.06 on Tuesday. The firm has a market capitalization of $9.67 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $80.67. The firm’s 50-day moving average is $76.03 and its 200-day moving average is $66.06.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. As a group, equities research analysts anticipate that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Creative Planning increased its stake in shares of BellRing Brands by 10.3% in the second quarter. Creative Planning now owns 22,121 shares of the company’s stock valued at $1,264,000 after buying an additional 2,072 shares during the period. Handelsbanken Fonder AB boosted its holdings in BellRing Brands by 13.1% in the third quarter. Handelsbanken Fonder AB now owns 35,480 shares of the company’s stock valued at $2,154,000 after acquiring an additional 4,100 shares during the last quarter. CWM LLC boosted its holdings in shares of BellRing Brands by 264.3% during the 3rd quarter. CWM LLC now owns 3,927 shares of the company’s stock worth $238,000 after buying an additional 2,849 shares in the last quarter. Carnegie Investment Counsel grew its position in shares of BellRing Brands by 17.8% during the 3rd quarter. Carnegie Investment Counsel now owns 55,667 shares of the company’s stock worth $3,380,000 after buying an additional 8,423 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of BellRing Brands by 19.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,103 shares of the company’s stock worth $796,000 after buying an additional 2,097 shares during the period. Institutional investors and hedge funds 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.