BellRing Brands, Inc. (NYSE:BRBR – Get Rating) saw strong trading volume on Friday . 55,054 shares changed hands during mid-day trading, a decline of 93% from the previous session’s volume of 775,144 shares.The stock last traded at $23.05 and had previously closed at $24.82.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Morgan Stanley lowered their target price on shares of BellRing Brands from $29.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, October 14th. Citigroup reaffirmed a “buy” rating and issued a $35.00 target price on shares of BellRing Brands in a research note on Tuesday, August 23rd. Finally, Mizuho lifted their target price on shares of BellRing Brands from $33.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.33.
BellRing Brands Trading Down 9.5 %
The company’s 50 day moving average price is $23.11 and its 200-day moving average price is $24.07. The company has a market capitalization of $3.06 billion, a PE ratio of 29.16, a PEG ratio of 1.36 and a beta of 0.91.
Hedge Funds Weigh In On BellRing Brands
BellRing Brands Company Profile
BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States and internationally. It offers ready-to-drink shake and powder protein products primarily under the Premier Protein and Dymatize brands. The company sells its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.
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