Brokerages Set BellRing Brands, Inc. (NYSE:BRBR) Target Price at $75.60

BellRing Brands, Inc. (NYSE:BRBR) has been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $75.60.

Several brokerages have commented on BRBR. Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Bank of America lifted their target price on BellRing Brands from $75.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays upped their price target on BellRing Brands from $74.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Stephens upped their target price on shares of BellRing Brands from $61.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Monday, November 25th.

BellRing Brands Trading Down 1.0 %

BRBR opened at $74.59 on Friday. The stock’s 50-day moving average price is $73.92 and its 200 day moving average price is $62.99. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $79.90. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.59 and a beta of 0.86.

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 analysts’ expectations of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The business’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 earnings per share. On average, research analysts forecast that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates grew its position in BellRing Brands by 57.1% during the 2nd quarter. Raymond James & Associates now owns 21,290 shares of the company’s stock worth $1,217,000 after purchasing an additional 7,739 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in BellRing Brands in the 2nd quarter valued at about $293,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BellRing Brands by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,167 shares of the company’s stock valued at $1,609,000 after acquiring an additional 2,001 shares during the last quarter. Maryland State Retirement & Pension System acquired a new stake in BellRing Brands during the 2nd quarter worth approximately $580,000. Finally, Hanseatic Management Services Inc. grew its stake in shares of BellRing Brands by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock valued at $828,000 after purchasing an additional 263 shares during 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.