BellRing Brands (NYSE:BRBR) Given New $85.00 Price Target at Mizuho

BellRing Brands (NYSE:BRBR) had its price target hoisted by research analysts at Mizuho from $80.00 to $85.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 10.80% from the stock’s previous close.

BRBR has been the subject of several other research reports. Stifel Nicolaus boosted their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. TD Cowen boosted their price objective on BellRing Brands from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Evercore ISI boosted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.87.

BellRing Brands Price Performance

BRBR stock traded up $0.21 during mid-day trading on Thursday, reaching $76.72. 333,111 shares of the company traded hands, compared to its average volume of 1,212,434. The company has a market capitalization of $9.88 billion, a P/E ratio of 41.02, a P/E/G ratio of 2.61 and a beta of 0.86. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $80.67. The company has a fifty day moving average price of $75.94 and a 200-day moving average price of $66.31.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. As a group, analysts forecast that BellRing Brands will post 2.16 EPS for the current year.

Institutional Trading of BellRing Brands

A number of institutional investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC lifted its stake in BellRing Brands by 18.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,111 shares of the company’s stock worth $159,000 after acquiring an additional 332 shares during the period. DJE Kapital AG purchased a new stake in BellRing Brands in the fourth quarter worth $3,434,000. Proficio Capital Partners LLC purchased a new position in BellRing Brands during the fourth quarter valued at $4,660,000. Allegiance Financial Group Advisory Services LLC purchased a new position in BellRing Brands during the fourth quarter valued at $243,000. Finally, Argonautica Private Wealth Management Inc. lifted its position in BellRing Brands by 3.0% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,259 shares of the company’s stock valued at $472,000 after buying an additional 185 shares during the period. Hedge funds and other 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.