Deutsche Bank Aktiengesellschaft Issues Positive Forecast for BellRing Brands (NYSE:BRBR) Stock Price

BellRing Brands (NYSE:BRBR) had its target price upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $73.00 to $77.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 5.08% from the stock’s current price.

BRBR has been the topic of several other research reports. JPMorgan Chase & Co. decreased their price target on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their price objective on shares of BellRing Brands from $61.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Stephens restated an “equal weight” rating and set a $55.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Barclays upped their price target on shares of BellRing Brands from $68.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $66.00 price objective on shares of BellRing Brands in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.60.

BellRing Brands Stock Down 0.2 %

Shares of NYSE BRBR opened at $73.28 on Wednesday. The business has a 50-day moving average price of $64.56 and a 200 day moving average price of $58.96. The stock has a market cap of $9.47 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84. BellRing Brands has a 52-week low of $44.37 and a 52-week high of $74.00.

BellRing Brands (NYSE:BRBR) last released its earnings results on Monday, November 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $555.80 million for the quarter, compared to analyst estimates of $545.00 million. BellRing Brands had a negative return on equity of 88.30% and a net margin of 11.55%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Sell-side analysts anticipate that BellRing Brands will post 1.92 earnings per share for the current year.

Institutional Trading of BellRing Brands

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Chartwell Investment Partners LLC increased its position in shares of BellRing Brands by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 22,928 shares of the company’s stock worth $1,393,000 after acquiring an additional 181 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in BellRing Brands by 2.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,375 shares of the company’s stock valued at $540,000 after purchasing an additional 242 shares during the period. Hanseatic Management Services Inc. lifted its stake in shares of BellRing Brands by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 14,484 shares of the company’s stock worth $828,000 after purchasing an additional 263 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of BellRing Brands by 3.8% in the first quarter. Bessemer Group Inc. now owns 7,459 shares of the company’s stock worth $440,000 after buying an additional 276 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of BellRing Brands by 51.4% in the second quarter. Fifth Third Bancorp now owns 1,102 shares of the company’s stock valued at $63,000 after buying an additional 374 shares in 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.