BellRing Brands (NYSE:BRBR) PT Raised to $70.00 at TD Cowen

BellRing Brands (NYSE:BRBR) had its price target raised by equities research analysts at TD Cowen from $64.00 to $70.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 18.14% from the stock’s previous close.

Several other analysts have also recently commented on BRBR. Evercore ISI boosted their price target on shares of BellRing Brands from $60.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup assumed coverage on BellRing Brands in a research note on Thursday, February 1st. They set a “buy” rating and a $67.00 price target for the company. Barclays increased their target price on BellRing Brands from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Stifel Nicolaus boosted their price target on shares of BellRing Brands from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Stephens restated an “equal weight” rating and set a $53.00 target price on shares of BellRing Brands in a research report on Tuesday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.83.

BellRing Brands Stock Performance

Shares of BRBR stock opened at $59.25 on Wednesday. The stock has a fifty day simple moving average of $57.88 and a two-hundred day simple moving average of $54.43. BellRing Brands has a 52-week low of $34.58 and a 52-week high of $62.76. The firm has a market capitalization of $7.76 billion, a PE ratio of 41.15, a PEG ratio of 2.18 and a beta of 0.85.

BellRing Brands (NYSE:BRBR) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. BellRing Brands had a negative return on equity of 56.67% and a net margin of 9.52%. The company had revenue of $494.60 million for the quarter, compared to analysts’ expectations of $467.22 million. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s revenue was up 28.3% compared to the same quarter last year. On average, sell-side analysts forecast that BellRing Brands will post 1.67 EPS for the current fiscal year.

Institutional Trading of BellRing Brands

Hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. purchased a new stake in BellRing Brands in the third quarter worth about $221,000. Bank of New York Mellon Corp lifted its holdings in BellRing Brands by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 1,382,931 shares of the company’s stock worth $57,018,000 after buying an additional 51,308 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BellRing Brands by 19.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,101 shares of the company’s stock worth $870,000 after buying an additional 3,442 shares during the period. Strs Ohio increased its holdings in shares of BellRing Brands by 14.1% in the 3rd quarter. Strs Ohio now owns 16,200 shares of the company’s stock valued at $667,000 after acquiring an additional 2,000 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in BellRing Brands by 0.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,764 shares of the company’s stock valued at $2,835,000 after purchasing an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.

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.