BellRing Brands, Inc. (NYSE:BRBR) Receives $66.14 Average PT from Analysts

BellRing Brands, Inc. (NYSE:BRBR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $66.14.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Bank of America lifted 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. Needham & Company LLC restated a "buy" rating and issued a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Evercore ISI lifted their target price on BellRing Brands from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Barclays upped their price target on BellRing Brands from $68.00 to $74.00 and gave the stock an "overweight" rating in a research report on Wednesday.

Institutional Trading of BellRing Brands

Several hedge funds have recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new stake in BellRing Brands during the second quarter valued at approximately $28,000. V Square Quantitative Management LLC bought a new stake in BellRing Brands in the third quarter worth $31,000. Farther Finance Advisors LLC lifted its position in BellRing Brands by 243.1% in the third quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock worth $41,000 after buying an additional 474 shares during the last quarter. Quarry LP boosted its stake in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after buying an additional 378 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of BellRing Brands by 165.3% in the second quarter. GAMMA Investing LLC now owns 987 shares of the company's stock valued at $56,000 after acquiring an additional 615 shares during the period. 94.97% of the stock is owned by hedge funds and other institutional investors.

BellRing Brands Trading Up 2.6 %

BRBR stock traded up $1.80 during trading on Friday, reaching $70.69. The stock had a trading volume of 967,501 shares, compared to its average volume of 805,944. The firm has a market cap of $9.14 billion, a PE ratio of 42.33, a PEG ratio of 1.59 and a beta of 0.84. The stock's 50 day moving average is $62.35 and its two-hundred day moving average is $58.13. BellRing Brands has a 52 week low of $44.37 and a 52 week high of $71.14.

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.