Barclays Forecasts Strong Price Appreciation for BellRing Brands (NYSE:BRBR) Stock

BellRing Brands (NYSE:BRBR) had its price objective upped by analysts at Barclays from $79.00 to $85.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 11.07% from the company’s current price.

Other analysts have also recently issued reports about the company. Jefferies Financial Group raised their target price on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Stephens restated an “equal weight” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday. Evercore ISI boosted their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Citigroup raised their price objective on shares of BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Truist Financial upped their target price on BellRing Brands from $60.00 to $75.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, BellRing Brands has an average rating of “Moderate Buy” and a consensus price target of $77.53.

BellRing Brands Price Performance

Shares of BRBR opened at $76.53 on Tuesday. The firm has a market cap of $9.86 billion, a P/E ratio of 40.92, a P/E/G ratio of 2.61 and a beta of 0.86. BellRing Brands has a 1 year low of $48.06 and a 1 year high of $80.67. The stock has a 50 day simple moving average of $75.96 and a two-hundred day simple moving average of $66.23.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. On average, equities analysts anticipate that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Trading of BellRing Brands

Institutional investors and hedge funds have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in BellRing Brands in the third quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its holdings in shares of BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares during the period. UMB Bank n.a. boosted its stake in shares of BellRing Brands by 69.4% in the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after buying an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of BellRing Brands in the third quarter worth $44,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of BellRing Brands in the fourth quarter worth $52,000. 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.