BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

BellRing Brands (NYSE:BRBR) had its price objective boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $77.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 0.60% from the company’s current price.

Several other analysts also recently commented on BRBR. Evercore ISI raised their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America lifted their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a report on Tuesday, August 6th. DA Davidson reiterated a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a report on Tuesday. Finally, Truist Financial lifted their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, BellRing Brands presently has an average rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $76.54 on Wednesday. The company has a market capitalization of $9.89 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company’s 50 day moving average price is $65.25 and its two-hundred day moving average price is $59.19. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $76.68.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million for the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. Analysts forecast that BellRing Brands will post 2.12 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 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. MML Investors Services LLC boosted its position in BellRing Brands by 8.9% during the third quarter. MML Investors Services LLC now owns 5,832 shares of the company’s stock worth $354,000 after purchasing an additional 476 shares during the period. Zacks Investment Management boosted its position in BellRing Brands by 1.1% during the third quarter. Zacks Investment Management now owns 70,195 shares of the company’s stock worth $4,262,000 after purchasing an additional 748 shares during the period. iSAM Funds UK Ltd bought a new position in BellRing Brands during the third quarter worth $245,000. Finally, Wellington Management Group LLP boosted its position in BellRing Brands by 11.4% during the third quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock worth $167,388,000 after purchasing an additional 281,667 shares during the period. 94.97% of the stock is owned by institutional investors.

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.