BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

BellRing Brands (NYSE:BRBR) had its price target increased by Stifel Nicolaus from $67.00 to $81.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

BRBR has been the topic of a number of other research reports. Needham & Company LLC reissued a “buy” rating and issued a $66.00 target price 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 $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group lifted their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Evercore ISI lifted their price objective on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Stephens reiterated an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Price Performance

BRBR stock opened at $78.60 on Wednesday. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company has a fifty day moving average price of $65.65 and a 200 day moving average price of $59.34. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $78.68.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, analysts anticipate that BellRing Brands will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. grew its position in shares of BellRing Brands by 73.0% in the first quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock valued at $3,374,000 after purchasing an additional 24,126 shares during the last quarter. Vanguard Group Inc. lifted its stake in 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 buying an additional 698,121 shares in the last quarter. Acadian Asset Management LLC grew its holdings in BellRing Brands by 12.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,105 shares of the company’s stock valued at $478,000 after buying an additional 914 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in BellRing Brands by 96.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 15,516 shares of the company’s stock worth $916,000 after buying an additional 7,620 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after acquiring an additional 276 shares during the last quarter. Institutional investors and hedge funds 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.