BellRing Brands (NYSE:BRBR) Price Target Lowered to $65.00 at Deutsche Bank Aktiengesellschaft

BellRing Brands (NYSE:BRBR) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $67.00 to $65.00 in a research note issued to investors on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Needham & Company LLC reissued a buy rating and issued a $62.00 price target on shares of BellRing Brands in a report on Tuesday, May 7th. TD Cowen increased their price target on shares of BellRing Brands from $64.00 to $70.00 and gave the company a buy rating in a report on Wednesday, May 8th. JPMorgan Chase & Co. increased their price target on shares of BellRing Brands from $64.00 to $65.00 and gave the company an overweight rating in a report on Friday, July 19th. Stifel Nicolaus increased their price target on shares of BellRing Brands from $63.00 to $67.00 and gave the company a buy rating in a report on Wednesday, May 8th. Finally, Barclays increased their price target on shares of BellRing Brands from $62.00 to $65.00 and gave the company an overweight rating in a report on Thursday, May 9th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $62.29.

BellRing Brands Stock Performance

NYSE:BRBR opened at $48.99 on Thursday. BellRing Brands has a 1 year low of $35.03 and a 1 year high of $62.76. The firm’s fifty day simple moving average is $56.38 and its 200 day simple moving average is $56.86. The firm has a market capitalization of $6.39 billion, a PE ratio of 34.02, a PEG ratio of 1.38 and a beta of 0.84.

BellRing Brands (NYSE:BRBR) last posted its earnings results on Monday, May 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a net margin of 10.39% and a negative return on equity of 70.95%. The business had revenue of $494.60 million for the quarter, compared to analyst estimates of $467.22 million. During the same period last year, the business posted $0.24 EPS. BellRing Brands’s revenue was up 28.3% compared to the same quarter last year. As a group, analysts anticipate that BellRing Brands will post 1.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $60.15, for a total transaction of $902,250.00. Following the completion of the sale, the chairman now owns 215,054 shares in the company, valued at approximately $12,935,498.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

Hedge funds have recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of BellRing Brands during the 2nd quarter worth about $28,000. Rise Advisors LLC acquired a new stake in BellRing Brands in the 1st quarter valued at about $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 in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in BellRing Brands in the 1st quarter valued at about $37,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new stake in BellRing Brands in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

BellRing Brands Company Profile

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.