BellRing Brands (NYSE:BRBR) Given New $80.00 Price Target at Mizuho

BellRing Brands (NYSE:BRBR) had its target price raised by Mizuho from $72.00 to $80.00 in a report published on Wednesday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently weighed in on BRBR. Truist Financial raised their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday. Jefferies Financial Group increased their target price on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Stephens restated an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a research note on Tuesday, August 6th. Finally, Bank of America increased their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $78.68. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 42.03, a PEG ratio of 2.56 and a beta of 0.84. The business has a 50-day moving average of $65.65 and a 200-day moving average of $59.34.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company 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%. BellRing Brands’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. Research analysts expect that BellRing Brands will post 2.17 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Several hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new position in BellRing Brands during the 2nd quarter worth $28,000. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC lifted its position in BellRing Brands by 243.1% in the 3rd 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 BellRing Brands in the 3rd quarter valued at about $44,000. Finally, Quarry LP boosted its stake in BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. 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.