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

BellRing Brands (NYSE:BRBR) had its price target upped by TD Cowen from $83.00 to $86.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other brokerages have also recently issued reports on BRBR. Citigroup increased their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stephens increased their price objective on shares of BellRing Brands from $61.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, November 25th. Stifel Nicolaus boosted their price objective on shares of BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. 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 report on Thursday, November 14th. Finally, Evercore ISI boosted their price target on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Three research 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 presently has an average rating of “Moderate Buy” and an average target price of $76.67.

BellRing Brands Trading Down 0.2 %

Shares of BRBR opened at $72.44 on Wednesday. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $79.90. The company’s fifty day simple moving average is $74.72 and its 200-day simple moving average is $63.61. The company has a market cap of $9.33 billion, a P/E ratio of 38.74, a P/E/G ratio of 2.59 and a beta of 0.86.

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 analysts’ consensus estimates 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 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. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts predict that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Hedge funds have recently made changes to their positions in the company. Holocene Advisors LP purchased a new stake in BellRing Brands during the 3rd quarter valued at about $69,998,000. D. E. Shaw & Co. Inc. boosted its position in BellRing Brands by 135.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after buying an additional 847,161 shares during the last quarter. Squarepoint Ops LLC increased its holdings in BellRing Brands by 665.2% in the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after buying an additional 545,371 shares during the period. E. Ohman J or Asset Management AB purchased a new position in BellRing Brands during the 3rd quarter worth approximately $30,753,000. Finally, Champlain Investment Partners LLC purchased a new position in BellRing Brands during the 3rd quarter worth approximately $30,699,000. 94.97% of the stock is owned by institutional investors and hedge funds.

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.