BellRing Brands (NYSE:BRBR) Given New $60.00 Price Target at Truist Financial

BellRing Brands (NYSE:BRBR) had its target price increased by Truist Financial from $50.00 to $60.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on BRBR. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Barclays lifted their price objective on shares of BellRing Brands from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their target price on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Stephens reaffirmed an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

BellRing Brands Stock Down 0.6 %

NYSE:BRBR opened at $65.43 on Wednesday. BellRing Brands has a 52 week low of $42.54 and a 52 week high of $67.12. The company has a fifty day simple moving average of $58.53 and a two-hundred day simple moving average of $56.92. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.48 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.44 by $0.10. The firm had revenue of $515.40 million during the quarter, compared to analysts’ expectations of $504.73 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. BellRing Brands’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS. On average, analysts expect that BellRing Brands will post 1.9 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of BellRing Brands by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 13,280,736 shares of the company’s stock worth $736,151,000 after buying an additional 155,252 shares during the period. NBC Securities Inc. grew its stake in shares of BellRing Brands by 435.2% in the 1st quarter. NBC Securities Inc. now owns 1,932 shares of the company’s stock valued at $114,000 after purchasing an additional 1,571 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of BellRing Brands in the first quarter valued at approximately $375,000. Rise Advisors LLC acquired a new position in shares of BellRing Brands in the first quarter valued at approximately $32,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of BellRing Brands during the first quarter worth approximately $112,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.