Citigroup Forecasts Strong Price Appreciation for BellRing Brands (NYSE:BRBR) Stock

BellRing Brands (NYSE:BRBR) had its price objective lifted by Citigroup from $83.00 to $90.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

BRBR has been the subject of several other research reports. Mizuho upped their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Evercore ISI raised their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial lifted their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Barclays increased their price objective on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Finally, Stephens lifted their target price on BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average price target of $77.13.

BellRing Brands Stock Down 2.6 %

NYSE:BRBR opened at $77.36 on Wednesday. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67. The stock’s 50-day simple moving average is $76.03 and its 200 day simple moving average is $65.50. The firm has a market capitalization of $9.96 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 2.64 and a beta of 0.86.

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

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of BellRing Brands by 69.4% in the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of BellRing Brands during the third quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in BellRing Brands during the fourth quarter worth $52,000. 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.