BellRing Brands (NYSE:BRBR) Given New $62.00 Price Target at Needham & Company LLC

BellRing Brands (NYSE:BRBRFree Report) had its price target boosted by Needham & Company LLC from $52.00 to $62.00 in a research note released on Tuesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of BellRing Brands from $54.00 to $60.00 and gave the company a buy rating in a research report on Thursday, January 25th. Truist Financial lowered BellRing Brands from a buy rating to a hold rating and dropped their price target for the stock from $55.00 to $50.00 in a research note on Wednesday, January 3rd. DA Davidson assumed coverage on shares of BellRing Brands in a research report on Friday, December 8th. They set a neutral rating and a $60.00 target price for the company. Bank of America upped their target price on BellRing Brands from $42.00 to $50.00 and gave the stock a buy rating in a research report on Tuesday, October 17th. Finally, Barclays boosted their price objective on shares of BellRing Brands from $54.00 to $56.00 and gave the stock an overweight rating in a report on Tuesday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $54.31.

Get Our Latest Stock Analysis on BRBR

BellRing Brands Trading Down 1.3 %

Shares of NYSE:BRBR opened at $56.86 on Tuesday. BellRing Brands has a 52 week low of $29.13 and a 52 week high of $58.50. The company has a market cap of $7.45 billion, a PE ratio of 45.85, a P/E/G ratio of 2.21 and a beta of 0.84. The company’s 50 day moving average is $54.64 and its two-hundred day moving average is $46.28.

BellRing Brands (NYSE:BRBRGet Free Report) last announced its quarterly earnings results on Tuesday, November 21st. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $472.60 million for the quarter, compared to analyst estimates of $462.65 million. BellRing Brands had a net margin of 9.93% and a negative return on equity of 49.86%. The firm’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. As a group, equities research analysts expect that BellRing Brands will post 1.63 EPS for the current year.

Hedge Funds Weigh In On BellRing Brands

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of BellRing Brands by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,171,230 shares of the company’s stock worth $64,921,000 after acquiring an additional 33,613 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of BellRing Brands in the 4th quarter worth about $3,355,000. Spire Wealth Management increased its holdings in shares of BellRing Brands by 40.0% in the 4th quarter. Spire Wealth Management now owns 1,050 shares of the company’s stock worth $56,000 after acquiring an additional 300 shares during the period. National Bank of Canada FI acquired a new stake in shares of BellRing Brands in the 4th quarter worth about $387,000. Finally, Natixis Advisors L.P. increased its holdings in shares of BellRing Brands by 8.0% in the 4th quarter. Natixis Advisors L.P. now owns 37,386 shares of the company’s stock worth $2,072,000 after acquiring an additional 2,759 shares during the period. Institutional investors own 94.90% of the company’s stock.

BellRing Brands Company Profile

(Get Free Report)

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.

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