Barclays Raises BellRing Brands (NYSE:BRBR) Price Target to $79.00

BellRing Brands (NYSE:BRBR) had its price objective upped by Barclays from $74.00 to $79.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently issued reports on BRBR. 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 report on Thursday, November 14th. Mizuho boosted their price objective on BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI boosted their price objective on BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Citigroup boosted their price objective on BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, DA Davidson reiterated a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Stock Up 2.8 %

Shares of BellRing Brands stock opened at $78.60 on Thursday. The firm has a market cap of $10.16 billion, a P/E ratio of 42.03, a P/E/G ratio of 2.56 and a beta of 0.84. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $78.68. The business has a 50-day moving average price of $65.65 and a 200 day moving average price of $59.35.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share 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 analyst estimates 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 quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, equities research analysts anticipate that BellRing Brands will post 2.17 earnings per share for the current year.

Institutional Trading of BellRing Brands

Several large investors have recently added to or reduced their stakes in BRBR. Opal Wealth Advisors LLC acquired a new position in shares of BellRing Brands in the second quarter worth $28,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands in the third quarter worth $31,000. Farther Finance Advisors LLC increased its stake in shares of BellRing Brands by 243.1% in the third 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 acquired a new position in shares of BellRing Brands in the third quarter worth $44,000. Finally, Quarry LP increased its stake in shares of BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares during the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.

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.