BellRing Brands (NYSE:BRBR) Given New $75.00 Price Target at Stephens

BellRing Brands (NYSE:BRBR) had its price target raised by Stephens from $61.00 to $75.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus lifted their target price 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. Truist Financial upped their price objective on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Mizuho raised their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Needham & Company LLC restated a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.60.

BellRing Brands Stock Down 2.1 %

Shares of NYSE BRBR opened at $77.16 on Monday. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of 41.26, a price-to-earnings-growth ratio of 2.58 and a beta of 0.84. The company’s 50-day simple moving average is $67.10 and its 200-day simple moving average is $59.85. BellRing Brands has a 52-week low of $48.06 and a 52-week high of $79.90.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. BellRing Brands’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities research analysts anticipate that BellRing Brands will post 2.16 EPS for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in shares of BellRing Brands by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 4,480,717 shares of the company’s stock worth $285,646,000 after purchasing an additional 380,216 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of BellRing Brands during the third quarter worth $338,000. Sanctuary Advisors LLC purchased a new position in shares of BellRing Brands during the third quarter worth $439,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of BellRing Brands by 1.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 77,816 shares of the company’s stock valued at $4,725,000 after buying an additional 1,380 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in BellRing Brands by 8.9% during the 3rd quarter. MML Investors Services LLC now owns 5,832 shares of the company’s stock worth $354,000 after acquiring an additional 476 shares in the last quarter. 94.97% of the stock is owned by hedge funds and other 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.