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

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

BRBR has been the subject of a number of other research reports. Citigroup lifted their target price on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Stephens reissued an “equal weight” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Truist Financial boosted their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on BellRing Brands from $61.00 to $84.00 and gave the company 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.53.

BellRing Brands Trading Down 4.1 %

Shares of NYSE:BRBR opened at $75.06 on Tuesday. The stock has a market cap 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 stock’s fifty day simple moving average is $76.03 and its two-hundred day simple moving average is $66.06.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. On average, sell-side analysts forecast that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands in the third quarter worth $31,000. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 234 shares during the period. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 243.1% in the third 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. E Fund Management Hong Kong Co. Ltd. bought a new position in BellRing Brands in the fourth quarter valued at about $52,000. Finally, Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter valued at about $44,000. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.