Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Target Price at $75.60

Shares of BellRing Brands, Inc. (NYSE:BRBR) have received a consensus rating of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $75.60.

BRBR has been the topic of a number of recent research reports. Truist Financial increased their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Mizuho upped their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Evercore ISI raised their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Stephens lifted their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, November 25th. Finally, DA Davidson reiterated a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a report on Tuesday, November 19th.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently made changes to their positions in BRBR. Franklin Resources Inc. boosted its stake in shares of BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after acquiring an additional 380,216 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in BellRing Brands in the 3rd quarter worth $338,000. Sanctuary Advisors LLC purchased a new position in BellRing Brands during the third quarter valued at $439,000. Teachers Retirement System of The State of Kentucky grew its holdings in BellRing Brands by 1.8% during the third 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 purchasing an additional 1,380 shares during the period. Finally, MML Investors Services LLC increased its position in BellRing Brands by 8.9% in the third quarter. MML Investors Services LLC now owns 5,832 shares of the company’s stock worth $354,000 after buying an additional 476 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.

BellRing Brands Trading Down 0.4 %

Shares of BRBR stock opened at $75.34 on Friday. The company’s fifty day moving average price is $73.71 and its 200-day moving average price is $62.90. The stock has a market cap of $9.70 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $79.90.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts forecast that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

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.