BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

BellRing Brands (NYSE:BRBR) had its target price increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $77.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 0.60% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Truist Financial boosted their price target on BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price target on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their price target on BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Jefferies Financial Group boosted their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Stephens reissued an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.27.

BellRing Brands Stock Performance

BRBR opened at $76.54 on Wednesday. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $76.68. The company has a market capitalization of $9.89 billion, a P/E ratio of 40.93, a P/E/G ratio of 1.63 and a beta of 0.84. The stock has a fifty day moving average of $65.25 and a 200-day moving average of $59.19.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. BellRing Brands’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that BellRing Brands will post 2.12 earnings per share for the current fiscal year.

Institutional Trading of BellRing Brands

Several institutional investors have recently added to or reduced their stakes in BRBR. Russell Investments Group Ltd. boosted its holdings in BellRing Brands by 73.0% in the first quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock valued at $3,374,000 after acquiring an additional 24,126 shares during the last quarter. Vanguard Group Inc. lifted its stake in BellRing Brands by 5.3% in the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock valued at $825,172,000 after buying an additional 698,121 shares during the period. Acadian Asset Management LLC lifted its stake in BellRing Brands by 12.7% in the first quarter. Acadian Asset Management LLC now owns 8,105 shares of the company’s stock valued at $478,000 after buying an additional 914 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in BellRing Brands by 96.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 15,516 shares of the company’s stock valued at $916,000 after buying an additional 7,620 shares during the period. Finally, Bessemer Group Inc. lifted its stake in BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock valued at $440,000 after buying an additional 276 shares during the period. 94.97% of the stock is currently owned by 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.