Stifel Nicolaus Issues Positive Forecast for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR) had its price target hoisted by research analysts at Stifel Nicolaus from $67.00 to $81.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 10.53% from the stock’s previous close.

BRBR has been the topic of several other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Jefferies Financial Group lifted their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Barclays increased their price objective on BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Evercore ISI boosted their price target on BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.53.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $73.28 on Wednesday. BellRing Brands has a fifty-two week low of $44.37 and a fifty-two week high of $74.00. The firm has a market cap of $9.47 billion, a P/E ratio of 43.88, a P/E/G ratio of 1.61 and a beta of 0.84. The business’s 50 day moving average price is $64.56 and its 200-day moving average price is $58.96.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The business had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts predict that BellRing Brands will post 1.92 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands in the second quarter worth about $28,000. V Square Quantitative Management LLC purchased a new stake in BellRing Brands in the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its holdings in BellRing Brands by 243.1% during the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of BellRing Brands in the third quarter worth approximately $44,000. Finally, Quarry LP increased its stake in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

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.