BellRing Brands (NYSE:BRBR) Given New $81.00 Price Target at Stifel Nicolaus

BellRing Brands (NYSE:BRBR) had its target price upped by Stifel Nicolaus from $67.00 to $81.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 5.83% from the stock’s current price.

Several other analysts also recently issued reports on BRBR. Truist Financial upped their price target on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Barclays upped their target price on BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Stephens reissued an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Bank of America lifted their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.27.

BellRing Brands Price Performance

Shares of NYSE BRBR opened at $76.54 on Wednesday. BellRing Brands has a one year low of $48.06 and a one year high of $76.68. The business’s 50-day moving average price is $65.25 and its two-hundred day moving average price is $59.19. The company has a market capitalization of $9.89 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same quarter in the prior year, the business posted $0.41 EPS. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts anticipate that BellRing Brands will post 2.12 EPS for the current year.

Institutional Trading of BellRing Brands

Hedge funds have recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in BellRing Brands in the second quarter worth about $28,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its position in shares of BellRing Brands by 243.1% during the 3rd 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 period. Truvestments Capital LLC acquired a new stake in BellRing Brands in the 3rd quarter valued at $44,000. Finally, Quarry LP grew its position in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the period. Institutional investors 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.