BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Stephens Analyst Says

BellRing Brands (NYSE:BRBR) had its price target lifted by Stephens from $61.00 to $75.00 in a report published on Monday,Benzinga reports. Stephens currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on BRBR. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Citigroup boosted their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Mizuho increased their target price on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Evercore ISI lifted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and an average price target of $75.60.

BellRing Brands Trading Down 2.1 %

BellRing Brands stock opened at $77.16 on Monday. The firm has a market capitalization of $9.97 billion, a P/E ratio of 41.26, a P/E/G ratio of 2.58 and a beta of 0.84. The stock’s fifty day simple moving average is $67.10 and its 200-day simple moving average is $59.85. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $545.00 million. During the same quarter last year, the company earned $0.41 EPS. BellRing Brands’s revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts predict that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

Large investors have recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in BellRing Brands during the 2nd quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after buying an additional 474 shares during the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands in the 3rd quarter valued at about $44,000. Finally, Quarry LP raised its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the last quarter. 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.