Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for BellRing Brands (NYSE:BRBR) Stock

BellRing Brands (NYSE:BRBR) had its price objective lifted by Deutsche Bank Aktiengesellschaft from $73.00 to $77.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Evercore ISI increased their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Stephens reiterated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Truist Financial boosted their price target on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. DA Davidson reiterated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday. Finally, Bank of America boosted their target price on BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.27.

BellRing Brands Stock Performance

NYSE BRBR opened at $78.60 on Wednesday. The firm’s 50 day moving average price is $65.65 and its two-hundred day moving average price is $59.34. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 1.63 and a beta of 0.84. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $78.68.

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

Institutional Trading of BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Teachers Retirement System of The State of Kentucky grew its stake in BellRing Brands by 1.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 77,816 shares of the company’s stock valued at $4,725,000 after buying an additional 1,380 shares during the last quarter. MML Investors Services LLC boosted its holdings in BellRing Brands by 8.9% during the third quarter. MML Investors Services LLC now owns 5,832 shares of the company’s stock valued at $354,000 after acquiring an additional 476 shares during the period. Zacks Investment Management grew its position in shares of BellRing Brands by 1.1% in the third quarter. Zacks Investment Management now owns 70,195 shares of the company’s stock valued at $4,262,000 after purchasing an additional 748 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of BellRing Brands in the third quarter valued at about $245,000. Finally, Wellington Management Group LLP increased its stake in shares of BellRing Brands by 11.4% in the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after purchasing an additional 281,667 shares during the period. 94.97% of the stock is currently 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.