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

BellRing Brands (NYSE:BRBR) had its target price boosted by equities research analysts at Barclays from $74.00 to $79.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 6.21% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Stephens restated an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a research report on Tuesday, August 6th. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Bank of America lifted their price objective on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, Evercore ISI lifted 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. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.27.

BellRing Brands Price Performance

BRBR stock opened at $74.38 on Thursday. The business has a fifty day moving average price of $64.89 and a 200 day moving average price of $59.07. BellRing Brands has a fifty-two week low of $46.03 and a fifty-two week high of $75.44. The stock has a market capitalization of $9.61 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 1.63 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business 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 firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities analysts expect that BellRing Brands will post 2.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new stake in shares of BellRing Brands during the 2nd quarter worth approximately $28,000. V Square Quantitative Management LLC acquired a new position in BellRing Brands during the third quarter worth $31,000. Farther Finance Advisors LLC raised its position in BellRing Brands by 243.1% during 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 in the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the third quarter worth $44,000. Finally, Quarry LP raised its holdings in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

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.