BellRing Brands (NYSE:BRBR) Price Target Raised to $82.00

BellRing Brands (NYSE:BRBR) had its target price raised by Bank of America from $75.00 to $82.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the company. DA Davidson restated a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday. Evercore ISI increased their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Barclays raised their price objective on BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Price Performance

Shares of NYSE:BRBR opened at $78.60 on Wednesday. The stock has a market cap of $10.16 billion, a price-to-earnings ratio of 42.03, a P/E/G ratio of 1.63 and a beta of 0.84. The company has a 50 day moving average of $65.65 and a 200-day moving average of $59.34. BellRing Brands has a one year low of $48.06 and a one year high of $78.68.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The firm 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 business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. Equities research analysts anticipate that BellRing Brands will post 2.12 earnings per share for the current year.

Institutional Trading of BellRing Brands

A number of institutional investors have recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new stake in BellRing Brands in the 2nd quarter valued at $28,000. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands in the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position 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 during the last quarter. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter valued at approximately $44,000. Finally, Quarry LP increased its position in shares of 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 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.