TD Cowen Raises BellRing Brands (NYSE:BRBR) Price Target to $86.00

BellRing Brands (NYSE:BRBR) had its target price increased by analysts at TD Cowen from $83.00 to $86.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 18.72% from the company’s previous close.

Several other brokerages have also recently issued reports on BRBR. Truist Financial boosted their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Barclays boosted their price target on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Citigroup raised their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Stephens boosted their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Finally, Evercore ISI increased their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report 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 stock. According to MarketBeat, BellRing Brands presently has a consensus rating of “Moderate Buy” and an average price target of $76.67.

BellRing Brands Trading Down 0.2 %

BRBR opened at $72.44 on Wednesday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a 50 day moving average of $74.85 and a two-hundred day moving average of $63.67. The firm has a market capitalization of $9.33 billion, a PE ratio of 38.74, a P/E/G ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last issued its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm 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 revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. As a group, analysts predict that BellRing Brands will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds and other institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in BellRing Brands in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC raised its position in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of BellRing Brands in the third quarter valued at about $44,000. Quarry LP boosted its position in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the last quarter. Finally, Assetmark Inc. grew its stake in BellRing Brands by 53.9% during the 3rd quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock valued at $118,000 after acquiring an additional 682 shares in the last quarter. 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.