BellRing Brands (NYSE:BRBR) Price Target Raised to $74.00

BellRing Brands (NYSE:BRBR - Free Report) had its price objective boosted by Barclays from $68.00 to $74.00 in a report released on Wednesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also recently issued reports on BRBR. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BellRing Brands from $67.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. decreased their price target on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating for the company in a research report on Wednesday, August 7th. Evercore ISI increased their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Bank of America increased their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, Needham & Company LLC reissued a "buy" rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has an average rating of "Moderate Buy" and an average price target of $66.14.

BellRing Brands Trading Up 0.8 %

Shares of NYSE BRBR traded up $0.56 during mid-day trading on Wednesday, reaching $68.10. The company had a trading volume of 535,911 shares, compared to its average volume of 1,209,701. The business's 50-day moving average is $61.53 and its 200-day moving average is $57.87. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 1.56 and a beta of 0.84. BellRing Brands has a 52 week low of $44.37 and a 52 week high of $69.11.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.10. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The firm had revenue of $515.40 million for the quarter, compared to analysts' expectations of $504.73 million. During the same period in the prior year, the business posted $0.34 earnings per share. The business's revenue for the quarter was up 15.6% on a year-over-year basis. As a group, equities research analysts forecast that BellRing Brands will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of institutional investors have recently added to or reduced their stakes in BRBR. Commonwealth Equity Services LLC purchased a new position in shares of BellRing Brands during the 1st quarter worth $524,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in BellRing Brands by 1.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,791 shares of the company's stock valued at $4,238,000 after buying an additional 893 shares during the period. Janney Montgomery Scott LLC purchased a new stake in BellRing Brands in the 1st quarter valued at about $428,000. Capstone Investment Advisors LLC purchased a new stake in BellRing Brands in the 1st quarter valued at about $335,000. Finally, Texas Permanent School Fund Corp increased its stake in BellRing Brands by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 114,631 shares of the company's stock worth $6,767,000 after purchasing an additional 1,080 shares during the period. Institutional investors and hedge funds 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.