BellRing Brands (NYSE:BRBR) Reaches New 52-Week High After Analyst Upgrade

BellRing Brands, Inc. (NYSE:BRBR) reached a new 52-week high on Monday after Stephens raised their price target on the stock from $61.00 to $75.00. Stephens currently has an equal weight rating on the stock. BellRing Brands traded as high as $79.83 and last traded at $79.40, with a volume of 33830 shares changing hands. The stock had previously closed at $78.60.

A number of other analysts have also weighed in on the company. DA Davidson reissued a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Stifel Nicolaus increased their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Bank of America increased their target price on shares of BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup boosted their price target on BellRing Brands from $72.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.60.

Institutional Trading of BellRing Brands

A number of hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in BellRing Brands during the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 stake in shares of BellRing Brands in the 3rd quarter worth approximately $44,000. Finally, Quarry LP boosted its position in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Trading Down 2.0 %

The company has a market cap of $9.95 billion, a PE ratio of 41.19, a P/E/G ratio of 2.64 and a beta of 0.84. The firm has a 50 day moving average of $66.01 and a two-hundred day moving average of $59.48.

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 for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, research analysts forecast that BellRing Brands, Inc. will post 2.16 EPS for the current year.

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.