BellRing Brands (NYSE:BRBR) PT Raised to $70.00 at Evercore ISI

BellRing Brands (NYSE:BRBR) had its price target upped by Evercore ISI from $65.00 to $70.00 in a research note published on Thursday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on BRBR. Deutsche Bank Aktiengesellschaft cut their price target on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Truist Financial increased their target price on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Stephens reissued an “equal weight” rating and set a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Barclays raised their target price on BellRing Brands from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.71.

BellRing Brands Stock Down 0.9 %

BRBR stock opened at $64.48 on Thursday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 1.48 and a beta of 0.85. The company’s fifty day simple moving average is $60.04 and its 200 day simple moving average is $57.29. BellRing Brands has a 12-month low of $42.71 and a 12-month high of $67.12.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. Research analysts expect that BellRing Brands will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

Institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC purchased a new position in BellRing Brands during the 2nd quarter worth $28,000. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the third quarter valued at about $31,000. Quarry LP lifted its position in shares of BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares in the last quarter. GAMMA Investing LLC boosted its holdings in BellRing Brands by 165.3% during the second quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after purchasing an additional 615 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in BellRing Brands by 51.4% in the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after purchasing an additional 374 shares in the last quarter. 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.