Citigroup Boosts BellRing Brands (NYSE:BRBR) Price Target to $90.00

BellRing Brands (NYSE:BRBR) had its price objective lifted by analysts at Citigroup from $83.00 to $90.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 13.53% from the company’s current price.

A number of other brokerages have also weighed in on BRBR. Stephens raised their target price on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Stifel Nicolaus raised their target price on BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group raised their target price on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America raised their target price on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.13.

BellRing Brands Price Performance

BellRing Brands stock opened at $79.27 on Wednesday. The stock has a fifty day moving average price of $75.98 and a two-hundred day moving average price of $65.40. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $80.67. The firm has a market capitalization of $10.21 billion, a P/E ratio of 42.39, a P/E/G ratio of 2.57 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $555.80 million during the quarter, compared to analyst estimates of $545.00 million. During the same period in the prior year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities research analysts predict that BellRing Brands will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRBR. V Square Quantitative Management LLC bought a new position in BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings 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 valued at $41,000 after purchasing an additional 474 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of BellRing Brands during the 3rd quarter valued at about $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands during the 4th quarter valued at about $52,000. Institutional investors 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.