BellRing Brands (NYSE:BRBR) Given New $84.00 Price Target at Jefferies Financial Group

BellRing Brands (NYSE:BRBR) had its price target raised by Jefferies Financial Group from $61.00 to $84.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

BRBR has been the subject of a number of other research reports. Evercore ISI raised their target price on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays raised their price objective on shares of BellRing Brands from $68.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Bank of America lifted their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Truist Financial lifted their price target on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.33.

BellRing Brands Stock Down 0.5 %

Shares of NYSE BRBR opened at $72.09 on Thursday. The company has a market capitalization of $9.32 billion, a PE ratio of 43.17, a PEG ratio of 1.61 and a beta of 0.84. The stock’s 50 day moving average price is $63.93 and its 200-day moving average price is $58.73. BellRing Brands has a twelve month low of $44.37 and a twelve month high of $73.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BRBR. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands in the second quarter worth $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands in the 3rd quarter worth about $31,000. Farther Finance Advisors LLC increased its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after acquiring an additional 474 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of BellRing Brands in the 3rd quarter valued at about $44,000. Finally, Quarry LP boosted its position in shares of BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after acquiring an additional 378 shares during the last quarter. Hedge funds and other 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.