BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Stephens Analyst Says

BellRing Brands (NYSE:BRBR) had its price objective upped by Stephens from $61.00 to $75.00 in a research note issued to investors on Monday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

Several other research analysts have also recently commented on the company. Citigroup boosted 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. Truist Financial upped their target price on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Mizuho raised their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI upped their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group raised their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three equities research 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Down 2.0 %

NYSE BRBR opened at $77.02 on Monday. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $79.90. The business has a 50 day moving average price of $66.01 and a two-hundred day moving average price of $59.48. The stock has a market cap of $9.95 billion, a PE ratio of 41.19, a P/E/G ratio of 2.64 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 earnings per share 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 business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same period in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Sell-side analysts anticipate that BellRing Brands will post 2.16 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Several hedge funds have recently made changes to their positions in the stock. Chartwell Investment Partners LLC grew its stake in BellRing Brands by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after buying an additional 181 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of BellRing Brands by 2.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after acquiring an additional 242 shares during the period. Hanseatic Management Services Inc. boosted its holdings in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after acquiring an additional 263 shares during the period. Fifth Third Bancorp grew its position in shares of BellRing Brands by 51.4% during the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after acquiring an additional 374 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring 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.