Stephens Boosts BellRing Brands (NYSE:BRBR) Price Target to $75.00

BellRing Brands (NYSE:BRBR) had its price target boosted by Stephens from $61.00 to $75.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price objective points to a potential downside of 4.81% from the company’s current price.

BRBR has been the subject of several other research reports. Mizuho upped their price target on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. DA Davidson restated a “neutral” rating and set a $75.00 price target on shares of BellRing Brands in a research report on Tuesday, November 19th. Jefferies Financial Group upped their price target on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays upped their price target on shares of BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, Evercore ISI upped their price target on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $75.60.

BellRing Brands Stock Performance

Shares of BellRing Brands stock opened at $78.79 on Monday. The firm has a 50-day simple moving average of $66.39 and a two-hundred day simple moving average of $59.61. The company has a market cap of $10.18 billion, a P/E ratio of 42.13, a price-to-earnings-growth ratio of 2.64 and a beta of 0.84. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $79.90.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million during 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 company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities research analysts forecast that BellRing Brands will post 2.16 EPS for the current year.

Institutional Trading of BellRing Brands

Hedge funds have recently made changes to their positions in the company. BOKF NA boosted its position in shares of BellRing Brands by 229.2% during the 1st quarter. BOKF NA now owns 2,189 shares of the company’s stock worth $130,000 after purchasing an additional 1,524 shares during the period. Rokos Capital Management LLP acquired a new stake in BellRing Brands during the 1st quarter worth approximately $10,090,000. GAMMA Investing LLC lifted its holdings in BellRing Brands by 165.3% during the 2nd quarter. GAMMA Investing LLC now owns 987 shares of the company’s stock worth $56,000 after buying an additional 615 shares in the last quarter. First Hawaiian Bank lifted its holdings in BellRing Brands by 129.9% during the 2nd quarter. First Hawaiian Bank now owns 14,613 shares of the company’s stock worth $835,000 after buying an additional 8,256 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in BellRing Brands during the 2nd quarter worth approximately $28,000. 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.