BellRing Brands (NYSE:BRBR) Price Target Raised to $84.00

BellRing Brands (NYSE:BRBR) had its target price hoisted by investment analysts at Jefferies Financial Group from $61.00 to $84.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 16.33% from the company’s current price.

Other analysts also recently issued research reports about the company. Stephens restated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. JPMorgan Chase & Co. reduced their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Evercore ISI raised their price objective 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 increased their price target on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Truist Financial increased their target price on BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BellRing Brands currently has an average rating of “Moderate Buy” and an average price target of $67.33.

BellRing Brands Trading Up 0.1 %

Shares of BRBR stock traded up $0.07 on Thursday, hitting $72.21. 251,604 shares of the stock were exchanged, compared to its average volume of 1,198,634. The firm has a market capitalization of $9.33 billion, a PE ratio of 43.27, a P/E/G ratio of 1.62 and a beta of 0.84. The firm’s 50 day moving average is $63.30 and its two-hundred day moving average is $58.48. BellRing Brands has a one year low of $44.37 and a one year high of $73.27.

Hedge Funds Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in BRBR. Opal Wealth Advisors LLC purchased a new position in BellRing Brands in the second quarter valued at $28,000. V Square Quantitative Management LLC purchased a new stake in shares of BellRing Brands during the third quarter worth approximately $31,000. Farther Finance Advisors LLC raised 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 acquiring an additional 474 shares in the last quarter. Truvestments Capital LLC purchased a new position in BellRing Brands in the third quarter worth approximately $44,000. Finally, Quarry LP grew its holdings in 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. Hedge funds and other institutional investors 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.