Deutsche Bank Aktiengesellschaft Lowers BellRing Brands (NYSE:BRBR) Price Target to $65.00

BellRing Brands (NYSE:BRBR) had its price objective lowered by Deutsche Bank Aktiengesellschaft from $67.00 to $65.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on BellRing Brands from $64.00 to $65.00 and gave the stock an overweight rating in a report on Friday, July 19th. Needham & Company LLC reissued a buy rating and set a $62.00 target price on shares of BellRing Brands in a research note on Tuesday, May 7th. Mizuho increased their target price on BellRing Brands from $60.00 to $68.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Stifel Nicolaus increased their target price on BellRing Brands from $63.00 to $67.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Finally, TD Cowen increased their target price on BellRing Brands from $64.00 to $70.00 and gave the stock a buy rating in a research note on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BellRing Brands has an average rating of Moderate Buy and an average price target of $62.29.

BellRing Brands Trading Up 1.8 %

NYSE BRBR opened at $49.87 on Thursday. The stock has a market cap of $6.50 billion, a PE ratio of 34.63, a P/E/G ratio of 1.41 and a beta of 0.84. BellRing Brands has a twelve month low of $35.03 and a twelve month high of $62.76. The stock has a fifty day simple moving average of $56.23 and a 200-day simple moving average of $56.89.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The business had revenue of $494.60 million during the quarter, compared to analysts’ expectations of $467.22 million. BellRing Brands had a negative return on equity of 70.95% and a net margin of 10.39%. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS. Research analysts predict that BellRing Brands will post 1.8 EPS for the current year.

Insider Buying and Selling at BellRing Brands

In other BellRing Brands news, Chairman Robert V. Vitale sold 15,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $60.15, for a total value of $902,250.00. Following the sale, the chairman now owns 215,054 shares of the company’s stock, valued at approximately $12,935,498.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BellRing Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. acquired a new stake in shares of BellRing Brands during the 2nd quarter worth about $346,000. Summit Securities Group LLC acquired a new stake in shares of BellRing Brands during the 2nd quarter worth about $80,000. &PARTNERS acquired a new stake in shares of BellRing Brands during the 2nd quarter worth about $895,000. Fifth Third Wealth Advisors LLC acquired a new stake in shares of BellRing Brands during the 2nd quarter worth about $250,000. Finally, Fifth Third Bancorp grew its stake in BellRing Brands by 51.4% during the 2nd quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock worth $63,000 after buying an additional 374 shares during the last quarter. 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.