BellRing Brands (NYSE:BRBR) Price Target Raised to $79.00

BellRing Brands (NYSE:BRBR) had its price objective raised by equities research analysts at Barclays from $74.00 to $79.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 6.21% from the company’s current price.

Several other research analysts have also commented on the stock. Mizuho increased their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus boosted their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group upped their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and an average target price of $74.27.

BellRing Brands Trading Up 1.5 %

NYSE BRBR opened at $74.38 on Thursday. BellRing Brands has a 1-year low of $46.03 and a 1-year high of $75.44. The firm’s fifty day simple moving average is $64.89 and its 200-day simple moving average is $59.07. The company has a market capitalization of $9.61 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84.

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

Institutional Trading of BellRing Brands

Several institutional investors have recently made changes to their positions in BRBR. Chartwell Investment Partners LLC lifted its stake in BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after purchasing an additional 181 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of BellRing Brands by 2.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock worth $540,000 after buying an additional 242 shares during the period. Hanseatic Management Services Inc. boosted its stake in BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after buying an additional 263 shares in the last quarter. Bessemer Group Inc. grew its position in BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after acquiring an additional 276 shares during the period. Finally, Fifth Third Bancorp raised its stake in BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after acquiring an additional 374 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors and hedge funds.

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.