Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Target Price at $66.14

Shares of BellRing Brands, Inc. (NYSE:BRBR) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $66.14.

BRBR has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Stephens reaffirmed an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Evercore ISI upped their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th.

BellRing Brands Stock Up 0.5 %

Shares of BRBR opened at $72.16 on Friday. BellRing Brands has a fifty-two week low of $44.37 and a fifty-two week high of $73.27. The firm’s 50 day moving average price is $62.98 and its 200 day moving average price is $58.38. The company has a market cap of $9.33 billion, a P/E ratio of 43.73, a PEG ratio of 1.62 and a beta of 0.84.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in BellRing Brands during the 2nd quarter worth $28,000. V Square Quantitative Management LLC acquired a new stake in BellRing Brands during the 3rd quarter worth $31,000. Farther Finance Advisors LLC boosted its stake in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the period. Truvestments Capital LLC acquired a new stake in BellRing Brands during the 3rd quarter worth $44,000. Finally, Quarry LP boosted its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds 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.