BellRing Brands (NYSE:BRBR) Price Target Raised to $79.00 at Barclays

BellRing Brands (NYSE:BRBR) had its price target lifted by Barclays from $74.00 to $79.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday. Stephens reaffirmed an “equal weight” rating and issued a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. DA Davidson reiterated a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. JPMorgan Chase & Co. decreased their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group lifted their target price 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. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average target price of $74.27.

BellRing Brands Stock Up 2.8 %

Shares of NYSE BRBR opened at $78.60 on Thursday. The company has a market cap of $10.16 billion, a P/E ratio of 42.03, a P/E/G ratio of 2.56 and a beta of 0.84. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $78.68. The business has a 50-day simple moving average of $65.65 and a two-hundred day simple moving average of $59.34.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The company had revenue of $555.80 million during the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. BellRing Brands’s revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts anticipate that BellRing Brands will post 2.17 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new stake in BellRing Brands during the 2nd quarter valued at about $28,000. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its holdings in shares of BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of BellRing Brands in the third quarter worth $44,000. Finally, Quarry LP raised its holdings 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 buying an additional 378 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

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.