BellRing Brands (NYSE:BRBR) Price Target Raised to $86.00

BellRing Brands (NYSE:BRBR) had its price target lifted by TD Cowen from $83.00 to $86.00 in a report published on Wednesday,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research firms have also weighed in on BRBR. Mizuho raised their target price 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. Barclays raised their price objective on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Stifel Nicolaus lifted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Truist Financial increased their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, BellRing Brands currently has a consensus rating of “Moderate Buy” and an average price target of $76.67.

BellRing Brands Trading Down 2.0 %

BellRing Brands stock opened at $71.03 on Wednesday. The stock’s 50 day simple moving average is $74.94 and its two-hundred day simple moving average is $63.77. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $79.90. The firm has a market cap of $9.15 billion, a PE ratio of 37.98, a P/E/G ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 period last year, the company earned $0.41 earnings per share. BellRing Brands’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts forecast that BellRing Brands will post 2.16 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently added to or reduced their stakes in BRBR. Arizona State Retirement System boosted its holdings in BellRing Brands by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 36,668 shares of the company’s stock valued at $2,095,000 after purchasing an additional 620 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in BellRing Brands during the second quarter worth $188,000. Prudential PLC raised its position in BellRing Brands by 3.0% in the second quarter. Prudential PLC now owns 103,356 shares of the company’s stock worth $5,906,000 after acquiring an additional 3,044 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in BellRing Brands in the second quarter valued at $206,000. Finally, Headlands Technologies LLC boosted its position in shares of BellRing Brands by 200.0% during the 2nd quarter. Headlands Technologies LLC now owns 6,949 shares of the company’s stock worth $397,000 after purchasing an additional 4,633 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.