BellRing Brands (NYSE:BRBR) Price Target Raised to $84.00

BellRing Brands (NYSE:BRBR) had its target price lifted by Jefferies Financial Group from $61.00 to $84.00 in a research note published on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts have also weighed in on BRBR. JPMorgan Chase & Co. cut their target price on BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. Bank of America raised their price objective on BellRing Brands from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 target price on shares of BellRing Brands in a research report on Tuesday, August 6th. Evercore ISI lifted their price target on shares of BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.33.

BellRing Brands Stock Down 0.5 %

Shares of BRBR opened at $72.09 on Thursday. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 1.63 and a beta of 0.84. The company’s fifty day moving average is $63.93 and its 200-day moving average is $58.71. BellRing Brands has a 12 month low of $44.37 and a 12 month high of $73.27.

Institutional Trading of BellRing Brands

Several institutional investors have recently modified their holdings of the company. MML Investors Services LLC lifted its position in BellRing Brands by 8.9% in the third quarter. MML Investors Services LLC now owns 5,832 shares of the company’s stock worth $354,000 after purchasing an additional 476 shares during the period. Zacks Investment Management lifted its holdings in shares of BellRing Brands by 1.1% during the 3rd quarter. Zacks Investment Management now owns 70,195 shares of the company’s stock worth $4,262,000 after acquiring an additional 748 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of BellRing Brands during the 3rd quarter valued at about $245,000. Wellington Management Group LLP boosted its position in shares of BellRing Brands by 11.4% during the 3rd quarter. Wellington Management Group LLP now owns 2,756,722 shares of the company’s stock valued at $167,388,000 after acquiring an additional 281,667 shares in the last quarter. Finally, State Street Corp increased its stake in BellRing Brands by 1.3% in the third quarter. State Street Corp now owns 3,886,709 shares of the company’s stock valued at $236,001,000 after acquiring an additional 50,339 shares during the period. Institutional investors and hedge funds 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.