BellRing Brands (NYSE:BRBR) Given New $85.00 Price Target at Mizuho

BellRing Brands (NYSE:BRBR) had its price objective hoisted by stock analysts at Mizuho from $80.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 10.80% from the company’s previous close.

BRBR has been the subject of a number of other reports. DA Davidson reissued a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th. Stifel Nicolaus raised their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stephens restated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI lifted their price target 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. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Stock Up 0.3 %

Shares of BRBR traded up $0.21 during mid-day trading on Thursday, hitting $76.72. 333,111 shares of the company’s stock were exchanged, compared to its average volume of 1,212,434. The firm has a fifty day moving average of $75.94 and a two-hundred day moving average of $66.31. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 41.02, a P/E/G ratio of 2.61 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS 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%. On average, equities analysts predict that BellRing Brands will post 2.16 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 474 shares during the last quarter. UMB Bank n.a. increased its position in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares during the period. Truvestments Capital LLC acquired a new stake in BellRing Brands during the 3rd quarter valued at approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands during the 4th quarter valued at approximately $52,000. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.