BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, TD Cowen Analyst Says

BellRing Brands (NYSE:BRBR) had its price target increased by investment analysts at TD Cowen from $83.00 to $86.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 17.41% from the stock’s previous close.

Several other research analysts also recently issued reports on BRBR. Stifel Nicolaus upped their price objective on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Citigroup lifted their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft increased their price target 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, Barclays upped their price target on BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Three 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 presently has an average rating of “Moderate Buy” and an average target price of $76.67.

BellRing Brands Stock Up 0.9 %

Shares of BRBR stock traded up $0.68 during trading hours on Wednesday, reaching $73.25. 299,046 shares of the stock traded hands, compared to its average volume of 872,519. The business has a fifty day moving average price of $74.61 and a 200 day moving average price of $63.55. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $79.90. The firm has a market capitalization of $9.43 billion, a PE ratio of 39.17, a PEG ratio of 2.59 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, November 18th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. The company had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. Research analysts expect that BellRing Brands will post 2.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BellRing Brands

A number of hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in BellRing Brands during the 3rd 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 purchasing an additional 474 shares during the period. Truvestments Capital LLC bought a new position in BellRing Brands in the third quarter worth about $44,000. Quarry LP lifted its stake in shares of BellRing Brands by 65.3% in the 2nd quarter. Quarry LP now owns 957 shares of the company’s stock valued at $55,000 after purchasing an additional 378 shares during the period. Finally, Assetmark Inc. grew its stake in 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 purchasing an additional 682 shares during the period. 94.97% of the stock is currently 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.