BellRing Brands (NYSE:BRBR) Price Target Raised to $77.00 at Deutsche Bank Aktiengesellschaft

BellRing Brands (NYSE:BRBR - Get Free Report) had its target price increased by equities research analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $77.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 3.48% from the company's previous close.

A number of other brokerages have also recently issued reports on BRBR. Stephens reaffirmed 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 increased their price target on shares of BellRing Brands from $68.00 to $74.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. DA Davidson reaffirmed a "neutral" rating and issued a $75.00 target price on shares of BellRing Brands in a research report on Tuesday. Jefferies Financial Group upped their price target on BellRing Brands from $61.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued 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 twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $73.93.

BellRing Brands Stock Performance

Shares of BellRing Brands stock traded up $1.15 during trading hours on Wednesday, reaching $74.41. The company's stock had a trading volume of 1,658,489 shares, compared to its average volume of 1,210,726. The company has a market capitalization of $9.62 billion, a P/E ratio of 44.45, a P/E/G ratio of 1.61 and a beta of 0.84. The stock's fifty day simple moving average is $64.56 and its two-hundred day simple moving average is $58.96. BellRing Brands has a one year low of $46.03 and a one year high of $75.44.

BellRing Brands (NYSE:BRBR - Get Free Report) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. BellRing Brands had a net margin of 11.55% and a negative return on equity of 88.30%. The company's revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. As a group, research analysts forecast that BellRing Brands will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On BellRing Brands

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in BellRing Brands by 73.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company's stock worth $3,374,000 after purchasing an additional 24,126 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BellRing Brands by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company's stock valued at $825,172,000 after acquiring an additional 698,121 shares during the last quarter. Acadian Asset Management LLC boosted its position in BellRing Brands by 12.7% during the 1st quarter. Acadian Asset Management LLC now owns 8,105 shares of the company's stock valued at $478,000 after purchasing an additional 914 shares during the period. O Shaughnessy Asset Management LLC boosted its position in BellRing Brands by 96.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,516 shares of the company's stock valued at $916,000 after purchasing an additional 7,620 shares during the period. Finally, Bessemer Group Inc. boosted its position in BellRing Brands by 3.8% during the 1st quarter. Bessemer Group Inc. now owns 7,459 shares of the company's stock worth $440,000 after acquiring an additional 276 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.