Stifel Nicolaus Raises BellRing Brands (NYSE:BRBR) Price Target to $67.00

BellRing Brands (NYSE:BRBRFree Report) had its price objective increased by Stifel Nicolaus from $63.00 to $67.00 in a report released on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on BRBR. Citigroup assumed coverage on BellRing Brands in a research note on Thursday, February 1st. They issued a buy rating and a $67.00 price target for the company. Needham & Company LLC restated a buy rating and issued a $62.00 target price on shares of BellRing Brands in a research report on Tuesday, May 7th. Barclays increased their price target on shares of BellRing Brands from $56.00 to $62.00 and gave the stock an overweight rating in a research report on Thursday, February 8th. Morgan Stanley boosted their price objective on shares of BellRing Brands from $61.00 to $65.00 and gave the company an overweight rating in a research report on Thursday, March 7th. Finally, TD Cowen began coverage on BellRing Brands in a report on Monday, April 22nd. They issued a buy rating and a $64.00 target price on the stock. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BellRing Brands currently has an average rating of Moderate Buy and a consensus target price of $61.83.

Get Our Latest Analysis on BRBR

BellRing Brands Stock Up 1.0 %

Shares of NYSE:BRBR opened at $59.83 on Wednesday. BellRing Brands has a 12-month low of $34.58 and a 12-month high of $62.76. The company’s 50 day moving average price is $57.93 and its two-hundred day moving average price is $54.58. The firm has a market cap of $7.84 billion, a PE ratio of 41.55, a PEG ratio of 1.96 and a beta of 0.85.

BellRing Brands (NYSE:BRBRGet Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $494.60 million for the quarter, compared to the consensus estimate of $467.22 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. On average, research analysts expect that BellRing Brands will post 1.77 EPS for the current year.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Rise Advisors LLC bought a new position in BellRing Brands in the 1st quarter valued at approximately $32,000. Parallel Advisors LLC increased its position in BellRing Brands by 153.6% in the 4th quarter. Parallel Advisors LLC now owns 596 shares of the company’s stock valued at $33,000 after acquiring an additional 361 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of BellRing Brands during the first quarter valued at $37,000. Allworth Financial LP lifted its holdings in shares of BellRing Brands by 59.2% during the third quarter. Allworth Financial LP now owns 1,008 shares of the company’s stock worth $42,000 after purchasing an additional 375 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in shares of BellRing Brands in the fourth quarter worth $44,000. Institutional investors own 94.97% of the company’s stock.

BellRing Brands Company Profile

(Get Free Report)

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.

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