BellRing Brands (NYSE:BRBR) Price Target Raised to $86.00

BellRing Brands (NYSE:BRBR - Get Free Report) had its price target increased by equities research analysts at TD Cowen from $83.00 to $86.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 18.72% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Barclays increased their target price on BellRing Brands from $74.00 to $79.00 and gave the company an "overweight" rating in a report on Thursday, November 21st. Jefferies Financial Group increased their price objective on BellRing Brands from $61.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Mizuho lifted their target price on shares of BellRing Brands from $72.00 to $80.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their price target on shares of BellRing Brands from $67.00 to $81.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $76.67.

BellRing Brands Price Performance

NYSE BRBR traded down $0.13 on Wednesday, reaching $72.44. 1,096,508 shares of the company's stock traded hands, compared to its average volume of 1,038,142. The stock has a market cap of $9.33 billion, a PE ratio of 38.74, a P/E/G ratio of 2.59 and a beta of 0.86. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $79.90. The stock has a 50-day simple moving average of $74.61 and a 200 day simple moving average of $63.55.

BellRing Brands (NYSE:BRBR - Get Free Report) last released its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. As a group, analysts anticipate that BellRing Brands will post 2.16 EPS for the current year.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRBR. V Square Quantitative Management LLC bought a new position in shares of BellRing Brands during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its position in BellRing Brands by 243.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company's stock valued at $41,000 after buying an additional 474 shares in the last quarter. Truvestments Capital LLC purchased a new position in BellRing Brands during the third quarter valued at $44,000. Quarry LP boosted its holdings in BellRing Brands by 65.3% in the second quarter. Quarry LP now owns 957 shares of the company's stock worth $55,000 after acquiring an additional 378 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of BellRing Brands by 53.9% in the third quarter. Assetmark Inc. now owns 1,947 shares of the company's stock worth $118,000 after acquiring an additional 682 shares during the last quarter. 94.97% of the stock is owned by hedge funds and other institutional investors.

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.