BellRing Brands (NYSE:BRBR) Price Target Raised to $75.00 at Stephens

BellRing Brands (NYSE:BRBR) had its target price increased by investment analysts at Stephens from $61.00 to $75.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price objective indicates a potential downside of 4.04% from the stock’s previous close.

BRBR has been the topic of several other research reports. Jefferies Financial Group lifted their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Citigroup increased their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Mizuho increased their target price on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Bank of America boosted their price target on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Down 0.6 %

NYSE BRBR traded down $0.44 during trading on Monday, reaching $78.16. 192,824 shares of the stock traded hands, compared to its average volume of 1,206,782. The stock’s 50-day moving average price is $65.65 and its 200 day moving average price is $59.35. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 2.64 and a beta of 0.84. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. Analysts anticipate that BellRing Brands will post 2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors and hedge funds have recently made changes to their positions in BRBR. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands in the second quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands in the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in shares of BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after acquiring an additional 474 shares during the period. Truvestments Capital LLC acquired a new position in shares of BellRing Brands during the 3rd quarter worth about $44,000. Finally, Quarry LP raised its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. Institutional investors own 94.97% of the company’s stock.

About BellRing Brands

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.