Stifel Nicolaus Increases BellRing Brands (NYSE:BRBR) Price Target to $81.00

BellRing Brands (NYSE:BRBR) had its price objective raised by Stifel Nicolaus from $67.00 to $81.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group boosted their price objective on BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Needham & Company LLC reissued a “buy” rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday. DA Davidson reiterated a “neutral” rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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 equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.27.

BellRing Brands Trading Up 2.8 %

Shares of NYSE:BRBR opened at $78.60 on Wednesday. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $78.68. The business has a 50 day moving average of $65.65 and a two-hundred day moving average of $59.34. The company has a market capitalization of $10.16 billion, a PE ratio of 42.03, a PEG ratio of 2.56 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to analysts’ expectations 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 revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. Equities research analysts predict that BellRing Brands will post 2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

Hedge funds have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of BellRing Brands during the 2nd quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in BellRing Brands during the third quarter worth about $31,000. Farther Finance Advisors LLC increased its holdings in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of BellRing Brands during the 3rd quarter valued at approximately $44,000. Finally, Quarry LP boosted its stake in shares of BellRing Brands by 65.3% during the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares in the last quarter. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.