Stifel Nicolaus Forecasts Strong Price Appreciation for BellRing Brands (NYSE:BRBR) Stock

BellRing Brands (NYSE:BRBR) had its target price lifted by research analysts at Stifel Nicolaus from $67.00 to $81.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 10.53% from the stock’s previous close.

BRBR has been the subject of several other research reports. Stephens reissued an “equal weight” rating and issued a $55.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Barclays upped their price objective on BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Needham & Company LLC reissued a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Truist Financial raised their price target on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Bank of America boosted their price objective on shares of BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, BellRing Brands has an average rating of “Moderate Buy” and an average price target of $70.53.

BellRing Brands Stock Down 0.2 %

BRBR stock opened at $73.28 on Wednesday. The company has a fifty day simple moving average of $64.56 and a two-hundred day simple moving average of $58.96. BellRing Brands has a 52 week low of $44.37 and a 52 week high of $74.00. The firm has a market capitalization of $9.47 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The company 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 88.30% and a net margin of 11.55%. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. As a group, analysts anticipate that BellRing Brands will post 1.92 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new stake in BellRing Brands in the 2nd quarter worth about $28,000. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands in the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its position in shares of 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 purchasing an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new position in BellRing Brands in the 3rd quarter valued at $44,000. Finally, Quarry LP lifted its holdings in 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 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.