BellRing Brands (NYSE:BRBR) Price Target Raised to $75.00

BellRing Brands (NYSE:BRBR) had its price target hoisted by Stephens from $61.00 to $75.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities research analysts have also issued research reports about the company. Citigroup upped their target price on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Mizuho boosted their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Down 2.1 %

NYSE:BRBR opened at $77.16 on Monday. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $79.90. The stock has a fifty day simple moving average of $66.75 and a 200-day simple moving average of $59.73. The company has a market capitalization of $9.97 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts anticipate that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Trading of BellRing Brands

Institutional investors have recently modified their holdings of the company. BOKF NA boosted its position in BellRing Brands by 229.2% during the 1st quarter. BOKF NA now owns 2,189 shares of the company’s stock worth $130,000 after purchasing an additional 1,524 shares during the period. Rokos Capital Management LLP purchased a new stake in shares of BellRing Brands during the 1st quarter valued at about $10,090,000. GAMMA Investing LLC raised its holdings in shares of BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock valued at $56,000 after buying an additional 615 shares during the period. First Hawaiian Bank lifted its position in BellRing Brands by 129.9% during the 2nd quarter. First Hawaiian Bank now owns 14,613 shares of the company’s stock worth $835,000 after acquiring an additional 8,256 shares in the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in BellRing Brands in the 2nd quarter worth approximately $28,000. Hedge funds and other 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.