BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

BellRing Brands (NYSE:BRBR) had its price target raised by Jefferies Financial Group from $61.00 to $84.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

BRBR has been the subject of a number of other reports. Stephens reiterated an “equal weight” rating and set a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Bank of America upped their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Evercore ISI upped their price target on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Barclays increased their price objective on BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $67.33.

BellRing Brands Price Performance

Shares of BellRing Brands stock opened at $72.09 on Thursday. The stock has a market capitalization of $9.32 billion, a P/E ratio of 43.17, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. BellRing Brands has a one year low of $44.37 and a one year high of $73.27. The business’s 50 day simple moving average is $63.93 and its two-hundred day simple moving average is $58.73.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of BellRing Brands by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,423,483 shares of the company’s stock valued at $138,482,000 after purchasing an additional 86,992 shares in the last quarter. WINTON GROUP Ltd lifted its stake in BellRing Brands by 186.5% during the 2nd quarter. WINTON GROUP Ltd now owns 44,642 shares of the company’s stock valued at $2,551,000 after acquiring an additional 29,060 shares during the period. Federated Hermes Inc. boosted its holdings in shares of BellRing Brands by 28.0% during the 2nd quarter. Federated Hermes Inc. now owns 474,168 shares of the company’s stock valued at $27,094,000 after acquiring an additional 103,604 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of BellRing Brands by 72.3% in the second quarter. AQR Capital Management LLC now owns 532,359 shares of the company’s stock worth $30,419,000 after acquiring an additional 223,430 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of BellRing Brands by 41.2% in the second quarter. Natixis Advisors LLC now owns 100,886 shares of the company’s stock worth $5,765,000 after acquiring an additional 29,413 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.