BellRing Brands (NYSE:BRBR) Given New $75.00 Price Target at Stephens

BellRing Brands (NYSE:BRBR) had its price target boosted by Stephens from $61.00 to $75.00 in a report released on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

BRBR has been the subject of several other reports. Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. Citigroup lifted their price target on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Mizuho boosted their price objective on BellRing Brands from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Performance

Shares of NYSE BRBR opened at $77.16 on Monday. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 2.58 and a beta of 0.84. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $79.90. The stock’s 50-day simple moving average is $66.75 and its 200-day simple moving average is $59.73.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period in the prior year, the company posted $0.41 EPS. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, research analysts predict that BellRing Brands will post 2.16 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in BellRing Brands during the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC bought a new stake in shares of BellRing Brands during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its position 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 worth $41,000 after buying an additional 474 shares during the period. Truvestments Capital LLC bought a new position in BellRing Brands in the 3rd quarter worth approximately $44,000. Finally, Quarry LP grew its holdings in BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after buying an additional 378 shares in the last quarter. Institutional investors own 94.97% of the company’s stock.

About BellRing Brands

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.