BellRing Brands (NYSE:BRBR) Price Target Raised to $85.00

BellRing Brands (NYSE:BRBR) had its price target lifted by Mizuho from $80.00 to $85.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the company. TD Cowen upped their target price on BellRing Brands from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Evercore ISI upped their price objective on shares of BellRing Brands from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their target price on shares of BellRing Brands from $61.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft upped their price target on shares of BellRing Brands from $73.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, DA Davidson reissued a “neutral” rating and issued a $75.00 price objective on shares of BellRing Brands in a research note on Tuesday, November 19th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.87.

BellRing Brands Stock Performance

NYSE:BRBR opened at $77.26 on Thursday. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 41.32, a P/E/G ratio of 2.61 and a beta of 0.86. BellRing Brands has a 52 week low of $48.06 and a 52 week high of $80.67. The firm’s 50-day simple moving average is $75.94 and its 200 day simple moving average is $66.31.

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

Hedge Funds Weigh In On BellRing Brands

Institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in shares of BellRing Brands during the third quarter valued at about $31,000. Farther Finance Advisors LLC boosted 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 worth $41,000 after buying an additional 474 shares during the period. UMB Bank n.a. grew its holdings in BellRing Brands by 69.4% during the 4th quarter. UMB Bank n.a. now owns 571 shares of the company’s stock worth $43,000 after acquiring an additional 234 shares during the last quarter. Truvestments Capital LLC bought a new stake in BellRing Brands during the 3rd quarter worth approximately $44,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in BellRing Brands in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

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.