BellRing Brands (NYSE:BRBR) Price Target Raised to $86.00

BellRing Brands (NYSE:BRBR) had its target price raised by TD Cowen from $83.00 to $86.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 17.41% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on BRBR. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group boosted their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday, November 19th. Finally, Truist Financial raised their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.67.

BellRing Brands Price Performance

BellRing Brands stock traded up $0.68 during midday trading on Wednesday, reaching $73.25. 299,046 shares of the company traded hands, compared to its average volume of 872,519. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. The business has a 50 day moving average of $74.61 and a two-hundred day moving average of $63.55. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $79.90.

BellRing Brands (NYSE:BRBR) last announced its 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. The company had revenue of $555.80 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts forecast that BellRing Brands will post 2.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new stake in BellRing Brands in the third quarter valued at $31,000. Farther Finance Advisors LLC boosted its position in shares of BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after purchasing an additional 474 shares during the period. Truvestments Capital LLC purchased a new position in BellRing Brands during the 3rd quarter worth approximately $44,000. Quarry LP increased 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 buying an additional 378 shares during the period. Finally, Assetmark Inc. lifted its stake in BellRing Brands by 53.9% in the third quarter. Assetmark Inc. now owns 1,947 shares of the company’s stock valued at $118,000 after buying an additional 682 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.