TD Cowen Raises BellRing Brands (NYSE:BRBR) Price Target to $86.00

BellRing Brands (NYSE:BRBR) had its price objective hoisted by TD Cowen from $83.00 to $86.00 in a research note released on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research analysts have also issued reports on BRBR. Barclays lifted their target price on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Jefferies Financial Group increased their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Stifel Nicolaus lifted their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their price target on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.67.

BellRing Brands Stock Down 2.0 %

Shares of NYSE BRBR opened at $71.03 on Wednesday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 37.98, a P/E/G ratio of 2.59 and a beta of 0.86. The firm’s 50-day moving average price is $74.94 and its two-hundred day moving average price is $63.77. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 net margin of 12.35% and a negative return on equity of 103.89%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, equities research analysts expect that BellRing Brands will post 2.16 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Several institutional investors have recently bought and sold shares of BRBR. First Hawaiian Bank grew its stake in BellRing Brands by 3.5% in the 4th quarter. First Hawaiian Bank now owns 20,299 shares of the company’s stock valued at $1,529,000 after buying an additional 681 shares during the last quarter. Diversified Trust Co bought a new position in shares of BellRing Brands in the fourth quarter worth about $260,000. Everence Capital Management Inc. acquired a new position in shares of BellRing Brands during the 4th quarter worth about $235,000. GAMMA Investing LLC grew its holdings in BellRing Brands by 134.5% in the 4th quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock valued at $156,000 after buying an additional 1,184 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in BellRing Brands by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after buying an additional 380,216 shares during the period. 94.97% of the stock is currently owned by institutional investors.

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.