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

BellRing Brands (NYSE:BRBR) had its price objective lifted by Stephens from $61.00 to $75.00 in a report published on Monday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

Several other analysts also recently issued reports on the company. Mizuho upped their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial upped their target price on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Jefferies Financial Group raised their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.60.

BellRing Brands Trading Down 2.0 %

Shares of NYSE BRBR opened at $77.02 on Monday. The company’s 50-day moving average price is $66.01 and its 200 day moving average price is $59.48. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $79.90. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 41.19, a PEG ratio of 2.64 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period in the prior year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, research analysts expect that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Holocene Advisors LP purchased a new position in shares of BellRing Brands in the 3rd quarter worth about $69,998,000. D. E. Shaw & Co. Inc. raised its holdings in BellRing Brands by 135.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after buying an additional 847,161 shares during the period. Squarepoint Ops LLC lifted its position in BellRing Brands by 665.2% during the second quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after buying an additional 545,371 shares in the last quarter. E. Ohman J or Asset Management AB purchased a new stake in BellRing Brands during the third quarter worth approximately $30,753,000. Finally, Champlain Investment Partners LLC acquired a new stake in shares of BellRing Brands in the third quarter worth $30,699,000. 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.