BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Mizuho Analyst Says

BellRing Brands (NYSE:BRBR) had its price target upped by Mizuho from $72.00 to $80.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target indicates a potential upside of 4.52% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft boosted their target price on BellRing Brands from $73.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday. DA Davidson reissued a “neutral” rating and issued a $75.00 price target on shares of BellRing Brands in a research note on Tuesday. Barclays raised their price objective on shares of BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Citigroup boosted their target price on shares of BellRing Brands from $72.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Truist Financial raised their price target on shares of BellRing Brands from $60.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.27.

BellRing Brands Stock Up 2.9 %

Shares of NYSE:BRBR opened at $76.54 on Wednesday. The company has a market cap of $9.89 billion, a PE ratio of 40.93, a P/E/G ratio of 1.63 and a beta of 0.84. BellRing Brands has a fifty-two week low of $48.06 and a fifty-two week high of $76.68. The firm has a 50-day simple moving average of $65.25 and a 200 day simple moving average of $59.19.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.50 by $0.01. BellRing Brands had a net margin of 12.35% and a negative return on equity of 103.89%. The firm had revenue of $555.80 million for the quarter, compared to analysts’ expectations of $545.00 million. During the same quarter last year, the company earned $0.41 EPS. BellRing Brands’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, research analysts forecast that BellRing Brands will post 2.12 EPS for the current fiscal year.

Hedge Funds Weigh In On BellRing Brands

Large investors have recently made changes to their positions in the business. Holocene Advisors LP bought a new position in BellRing Brands during the third quarter worth $69,998,000. D. E. Shaw & Co. Inc. grew its stake in shares of BellRing Brands by 135.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,473,940 shares of the company’s stock valued at $84,221,000 after purchasing an additional 847,161 shares during the period. Vanguard Group Inc. raised its stake in BellRing Brands by 5.3% during the first quarter. Vanguard Group Inc. now owns 13,978,857 shares of the company’s stock worth $825,172,000 after acquiring an additional 698,121 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of BellRing Brands by 665.2% during the 2nd quarter. Squarepoint Ops LLC now owns 627,361 shares of the company’s stock worth $35,847,000 after purchasing an additional 545,371 shares in the last quarter. Finally, E. Ohman J or Asset Management AB bought a new position in shares of BellRing Brands in the third quarter valued at approximately $30,753,000. 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.