Barclays Raises BellRing Brands (NYSE:BRBR) Price Target to $68.00

BellRing Brands (NYSE:BRBR) had its price target increased by Barclays from $65.00 to $68.00 in a report published on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. cut 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. Deutsche Bank Aktiengesellschaft lowered their price target on BellRing Brands from $67.00 to $65.00 and set a buy rating on the stock in a research report on Thursday, July 25th. Needham & Company LLC reaffirmed a buy rating and issued a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Stephens reissued an equal weight rating and set a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $62.86.

BellRing Brands Trading Up 0.9 %

Shares of BRBR opened at $63.75 on Friday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 44.27, a PEG ratio of 1.48 and a beta of 0.85. BellRing Brands has a 12 month low of $42.54 and a 12 month high of $64.25. The firm has a fifty day simple moving average of $58.03 and a 200 day simple moving average of $56.81.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company had revenue of $515.40 million during the quarter, compared to analysts’ expectations of $504.73 million. During the same quarter last year, the company earned $0.34 EPS. BellRing Brands’s revenue for the quarter was up 15.6% compared to the same quarter last year. As a group, research analysts predict that BellRing Brands will post 1.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BRBR. Opal Wealth Advisors LLC bought a new stake in shares of BellRing Brands in the second quarter valued at approximately $28,000. Rise Advisors LLC acquired a new stake in shares of BellRing Brands during the 1st quarter worth $32,000. Quarry LP increased its position in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. GAMMA Investing LLC raised its stake in BellRing Brands by 165.3% in the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after purchasing an additional 615 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares during the period. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.