BellRing Brands (NYSE:BRBR) Price Target Increased to $75.00 by Analysts at Bank of America

BellRing Brands (NYSE:BRBR) had its target price lifted by Bank of America from $67.00 to $75.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also issued reports on BRBR. Needham & Company LLC reiterated a buy rating and set a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on BellRing Brands from $67.00 to $65.00 and set a buy rating for the company in a research note on Thursday, July 25th. JPMorgan Chase & Co. cut their target price on BellRing Brands from $65.00 to $64.00 and set an overweight rating on the stock in a research note on Wednesday, August 7th. Stephens restated an equal weight rating and set a $55.00 price target on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, Barclays upped their price target on shares of BellRing Brands from $65.00 to $68.00 and gave the stock an overweight rating in a research note on Friday, October 11th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $64.64.

BellRing Brands Stock Up 3.3 %

Shares of BRBR stock opened at $65.83 on Tuesday. The business’s fifty day moving average is $58.30 and its 200 day moving average is $56.86. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 45.72, a PEG ratio of 1.48 and a beta of 0.85. BellRing Brands has a twelve month low of $42.54 and a twelve month high of $67.12.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, August 5th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.10. The firm had revenue of $515.40 million for the quarter, compared to the consensus estimate of $504.73 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Equities research analysts expect that BellRing Brands will post 1.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

A number of large investors have recently added to or reduced their stakes in BRBR. D. E. Shaw & Co. Inc. grew its holdings in shares of 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 worth $84,221,000 after acquiring an additional 847,161 shares during the period. Vanguard Group Inc. boosted its position in BellRing Brands by 5.3% in the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after purchasing an additional 698,121 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock valued at $35,847,000 after purchasing an additional 545,371 shares during the period. Principal Financial Group Inc. grew its stake in shares of BellRing Brands by 87.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,088,337 shares of the company’s stock valued at $64,245,000 after purchasing an additional 506,895 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of BellRing Brands by 23.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,131,174 shares of the company’s stock valued at $121,775,000 after purchasing an additional 402,666 shares during the last quarter. Institutional investors own 94.97% of the company’s stock.

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.