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

BellRing Brands (NYSE:BRBR) had its price objective hoisted by Citigroup from $83.00 to $90.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 13.53% from the company’s previous close.

Other analysts also recently issued research reports about the company. Mizuho boosted their price objective on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. TD Cowen upped their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Stephens upped their target price on BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft upped their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, DA Davidson reiterated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.13.

BellRing Brands Trading Up 1.2 %

Shares of NYSE BRBR opened at $79.27 on Wednesday. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 42.39, a PEG ratio of 2.57 and a beta of 0.86. The firm has a 50-day moving average of $75.98 and a two-hundred day moving average of $65.40.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.41 EPS. As a group, research analysts predict that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently added to or reduced their stakes in the stock. Nkcfo LLC bought a new stake in BellRing Brands during the fourth quarter worth approximately $301,000. Vista Finance LLC bought a new stake in shares of BellRing Brands in the fourth quarter valued at approximately $285,000. Rhumbline Advisers boosted its position in shares of BellRing Brands by 1.1% in the fourth quarter. Rhumbline Advisers now owns 346,026 shares of the company’s stock valued at $26,070,000 after acquiring an additional 3,656 shares during the period. Blue Trust Inc. boosted its position in shares of BellRing Brands by 160.5% in the fourth quarter. Blue Trust Inc. now owns 1,050 shares of the company’s stock valued at $79,000 after acquiring an additional 647 shares during the period. Finally, Savant Capital LLC bought a new stake in shares of BellRing Brands in the fourth quarter valued at approximately $2,207,000. 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.