BellRing Brands (NYSE:BRBR) Given New $80.00 Price Target at Mizuho

BellRing Brands (NYSE:BRBR) had its target price lifted by Mizuho from $72.00 to $80.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also recently weighed in on BRBR. JPMorgan Chase & Co. cut their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. DA Davidson reissued a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research report on Tuesday. Evercore ISI boosted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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 report on Wednesday, November 6th. Finally, Citigroup boosted their price objective on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.93.

BellRing Brands Stock Up 1.5 %

NYSE:BRBR opened at $74.38 on Wednesday. The company’s 50 day moving average is $64.89 and its 200-day moving average is $59.07. BellRing Brands has a 12 month low of $46.03 and a 12 month high of $75.44. The firm has a market cap of $9.61 billion, a price-to-earnings ratio of 44.54, a P/E/G ratio of 1.61 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last announced its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. The firm had revenue of $555.80 million for 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 business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Research analysts predict that BellRing Brands will post 1.92 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Institutional investors have recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands during the second quarter valued at $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC boosted its position in BellRing Brands by 243.1% in the third 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 bought a new stake in BellRing Brands during the third quarter worth about $44,000. Finally, Quarry LP grew its stake in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after buying an additional 378 shares during the last quarter. 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.