Mizuho Issues Positive Forecast for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR - Get Free Report) had its price objective boosted by Mizuho from $80.00 to $85.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Mizuho's target price would indicate a potential upside of 12.80% from the stock's previous close.

Several other equities research analysts have also recently issued reports on the stock. TD Cowen lifted their price objective on shares of BellRing Brands from $83.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. DA Davidson reaffirmed a "neutral" rating and set a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft boosted their target price on BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Stephens reissued an "equal weight" rating and set a $75.00 price objective on shares of BellRing Brands in a report on Tuesday, February 4th. Finally, Jefferies Financial Group upped their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.87.

BellRing Brands Stock Down 1.6 %

NYSE BRBR traded down $1.21 during trading on Thursday, hitting $75.35. The stock had a trading volume of 1,066,183 shares, compared to its average volume of 1,211,542. The company has a market capitalization of $9.70 billion, a PE ratio of 35.38, a PEG ratio of 2.34 and a beta of 0.86. BellRing Brands has a twelve month low of $48.06 and a twelve month high of $80.67. The firm has a 50 day moving average price of $75.91 and a 200 day moving average price of $66.80.

BellRing Brands (NYSE:BRBR - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a net margin of 13.32% and a negative return on equity of 130.14%. On average, sell-side analysts anticipate that BellRing Brands will post 2.23 earnings per share for the current year.

Institutional Trading of BellRing Brands

A number of hedge funds have recently bought and sold shares of the company. Holocene Advisors LP purchased a new position in BellRing Brands during the third quarter worth about $69,998,000. Assenagon Asset Management S.A. lifted its holdings in shares of BellRing Brands by 200.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 992,585 shares of the company's stock worth $74,781,000 after acquiring an additional 661,774 shares during the period. E. Ohman J or Asset Management AB acquired a new stake in shares of BellRing Brands in the third quarter worth approximately $30,753,000. Champlain Investment Partners LLC purchased a new stake in BellRing Brands in the third quarter valued at approximately $30,699,000. Finally, Wasatch Advisors LP raised its stake in BellRing Brands by 8.0% during the third quarter. Wasatch Advisors LP now owns 6,701,299 shares of the company's stock worth $406,903,000 after purchasing an additional 494,669 shares during the period. 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.