BellRing Brands (NYSE:BRBR) Given New $74.00 Price Target at Barclays

BellRing Brands (NYSE:BRBR) had its target price upped by stock analysts at Barclays from $68.00 to $74.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 7.45% from the company’s previous close.

BRBR has been the subject of several other research reports. Bank of America increased their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI increased their price target on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. 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 note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Stephens reiterated an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BellRing Brands has a consensus rating of “Moderate Buy” and a consensus price target of $66.14.

BellRing Brands Trading Up 1.1 %

BRBR stock opened at $68.87 on Wednesday. The company has a market cap of $8.90 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 1.58 and a beta of 0.84. The stock has a 50-day moving average price of $61.78 and a two-hundred day moving average price of $57.94. BellRing Brands has a 12-month low of $44.37 and a 12-month high of $69.42.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The firm had revenue of $515.40 million during the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. Equities analysts forecast that BellRing Brands will post 1.9 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D. E. Shaw & Co. Inc. boosted its stake in BellRing Brands by 135.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after acquiring an additional 847,161 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after purchasing an additional 698,121 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of BellRing Brands by 665.2% during the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after purchasing an additional 545,371 shares during the last quarter. E. Ohman J or Asset Management AB acquired a new position in BellRing Brands in the third quarter worth about $30,753,000. Finally, Point72 Asset Management L.P. increased its holdings in BellRing Brands by 23.3% in the second quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock valued at $121,775,000 after buying an additional 402,666 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

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.