BellRing Brands (NYSE:BRBR) Given New $90.00 Price Target at Citigroup

BellRing Brands (NYSE:BRBR) had its target price raised by Citigroup from $83.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 14.36% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Evercore ISI boosted their target price on shares of BellRing Brands from $70.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays lifted their target price on shares of BellRing Brands from $74.00 to $79.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Bank of America boosted their price target on BellRing Brands from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, TD Cowen raised their price objective on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, BellRing Brands has a consensus rating of “Moderate Buy” and an average price target of $77.13.

BellRing Brands Trading Up 0.7 %

Shares of NYSE:BRBR traded up $0.55 during mid-day trading on Wednesday, hitting $78.70. 159,543 shares of the company traded hands, compared to its average volume of 1,033,902. BellRing Brands has a 12-month low of $48.06 and a 12-month high of $80.06. The stock has a 50-day moving average price of $75.90 and a two-hundred day moving average price of $65.31. The stock has a market cap of $10.13 billion, a P/E ratio of 42.08, a P/E/G ratio of 2.57 and a beta of 0.86.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $555.80 million during the quarter, compared to the consensus estimate of $545.00 million. During the same period last year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts expect that BellRing Brands will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Braun Stacey Associates Inc. bought a new position in BellRing Brands during the third quarter valued at $18,680,000. Charles Schwab Investment Management Inc. lifted its stake in BellRing Brands by 35.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,267,283 shares of the company’s stock worth $76,949,000 after purchasing an additional 333,287 shares during the last quarter. Pallas Capital Advisors LLC boosted its position in shares of BellRing Brands by 152.0% during the fourth quarter. Pallas Capital Advisors LLC now owns 16,775 shares of the company’s stock valued at $1,264,000 after buying an additional 10,117 shares during the period. Banco Santander S.A. bought a new position in shares of BellRing Brands during the third quarter valued at approximately $672,000. Finally, Empowered Funds LLC grew its stake in shares of BellRing Brands by 151.4% during the third quarter. Empowered Funds LLC now owns 69,844 shares of the company’s stock valued at $4,241,000 after buying an additional 42,059 shares during the last quarter. Hedge funds and other institutional investors 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.