Jefferies Financial Group Forecasts Strong Price Appreciation for BellRing Brands (NYSE:BRBR) Stock

BellRing Brands (NYSE:BRBR) had its target price upped by Jefferies Financial Group from $61.00 to $84.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 16.52% from the stock’s previous close.

Several other research analysts also recently commented on BRBR. Bank of America raised their target price on BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Truist Financial raised their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Stephens reiterated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a research note on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and set a $66.00 price target on shares of BellRing Brands in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their price objective on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $67.33.

BellRing Brands Price Performance

NYSE:BRBR opened at $72.09 on Thursday. BellRing Brands has a 1 year low of $44.37 and a 1 year high of $73.27. The stock’s fifty day moving average price is $63.61 and its two-hundred day moving average price is $58.57. The company has a market cap of $9.32 billion, a P/E ratio of 43.29, a P/E/G ratio of 1.63 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in shares of BellRing Brands during the second quarter valued at about $28,000. V Square Quantitative Management LLC bought a new position in BellRing Brands during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC increased its stake in BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock worth $41,000 after purchasing an additional 474 shares during the period. Truvestments Capital LLC bought a new stake in BellRing Brands in the third quarter valued at approximately $44,000. Finally, Quarry LP boosted its stake in shares of BellRing Brands by 65.3% during the second 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. 94.97% of the stock is currently owned by institutional investors.

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.