BellRing Brands (NYSE:BRBR) Given New $85.00 Price Target at Barclays

BellRing Brands (NYSE:BRBR) had its target price increased by analysts at Barclays from $79.00 to $85.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 13.24% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. TD Cowen increased their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Citigroup raised their price objective on BellRing Brands from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial raised their price objective on BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.53.

BellRing Brands Stock Performance

BRBR traded down $3.19 during trading on Tuesday, reaching $75.06. The stock had a trading volume of 3,756,518 shares, compared to its average volume of 1,233,360. The stock has a market cap of $9.67 billion, a PE ratio of 40.14, a PEG ratio of 2.61 and a beta of 0.86. BellRing Brands has a one year low of $48.06 and a one year high of $80.67. The business has a 50-day moving average of $76.03 and a 200-day moving average of $66.06.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, February 3rd. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. Equities research analysts forecast that BellRing Brands will post 2.16 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Large investors have recently modified their holdings of the business. Holocene Advisors LP purchased a new stake in BellRing Brands in the third quarter worth about $69,998,000. Assenagon Asset Management S.A. raised its holdings in BellRing Brands by 200.0% in 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 last quarter. E. Ohman J or Asset Management AB purchased a new position in BellRing Brands in the 3rd quarter worth approximately $30,753,000. Champlain Investment Partners LLC bought a new stake in BellRing Brands in the 3rd quarter worth approximately $30,699,000. Finally, Wasatch Advisors LP grew its position in BellRing Brands by 8.0% in the 3rd 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. 94.97% of the stock is owned by 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.