BellRing Brands (NYSE:BRBR) Given New $85.00 Price Target at Barclays

BellRing Brands (NYSE:BRBR) had its target price boosted by investment analysts at Barclays from $79.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 13.24% from the company’s current price.

Several other brokerages have also issued reports on BRBR. TD Cowen lifted their price target on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. DA Davidson reaffirmed a “neutral” rating and set a $75.00 target price on shares of BellRing Brands in a report on Tuesday, November 19th. Stifel Nicolaus lifted their target price on BellRing Brands from $67.00 to $81.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup lifted their target price on BellRing Brands from $83.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.53.

BellRing Brands Trading Down 4.1 %

Shares of BRBR traded down $3.19 during mid-day trading on Tuesday, reaching $75.06. The company’s stock had a trading volume of 3,756,518 shares, compared to its average volume of 1,233,360. The stock has a market cap of $9.67 billion, a P/E ratio of 40.14, a PEG ratio of 2.61 and a beta of 0.86. The business has a 50-day simple moving average of $76.03 and a two-hundred day simple moving average of $66.06. BellRing Brands has a 1-year low of $48.06 and a 1-year high of $80.67.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Monday, February 3rd. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. BellRing Brands had a negative return on equity of 103.89% and a net margin of 12.35%. Research analysts anticipate that BellRing Brands will post 2.16 EPS for the current year.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC grew its holdings in shares of BellRing Brands by 0.8% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 17,746 shares of the company’s stock valued at $1,337,000 after acquiring an additional 142 shares in the last quarter. Fifth Third Bancorp grew its holdings in BellRing Brands by 18.2% during the fourth quarter. Fifth Third Bancorp now owns 995 shares of the company’s stock valued at $75,000 after purchasing an additional 153 shares during the period. Chartwell Investment Partners LLC grew its holdings in BellRing Brands by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock valued at $1,393,000 after purchasing an additional 181 shares during the period. CIBC Asset Management Inc grew its holdings in BellRing Brands by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 4,048 shares of the company’s stock valued at $305,000 after purchasing an additional 211 shares during the period. Finally, UMB Bank n.a. grew its holdings in BellRing Brands by 69.4% during the fourth quarter. UMB Bank n.a. now owns 571 shares of the company’s stock valued at $43,000 after purchasing an additional 234 shares during the period. 94.97% of the stock is 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.