BellRing Brands (NYSE:BRBR) PT Raised to $32.00

BellRing Brands (NYSE:BRBR) had its price objective raised by Citigroup from $29.00 to $32.00 in a research report report published on Tuesday morning, The Fly reports.

A number of other brokerages also recently commented on BRBR. Zacks Investment Research downgraded shares of BellRing Brands from a hold rating to a sell rating in a research report on Monday, May 3rd. Credit Suisse Group downgraded shares of BellRing Brands from an outperform rating to a neutral rating in a report on Thursday, January 28th. Truist upgraded shares of BellRing Brands from a hold rating to a buy rating and increased their price target for the company from $20.00 to $35.00 in a report on Tuesday, January 26th. Consumer Edge upgraded shares of BellRing Brands from an equal weight rating to an overweight rating and set a $31.00 price target for the company in a report on Thursday, February 11th. Finally, Stephens started coverage on shares of BellRing Brands in a report on Monday, May 10th. They issued an overweight rating and a $30.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $29.15.

Shares of NYSE:BRBR opened at $27.15 on Tuesday. The stock has a market cap of $1.07 billion, a P/E ratio of 45.25, a P/E/G ratio of 1.52 and a beta of 0.85. The firm has a fifty day moving average price of $25.06 and a 200 day moving average price of $23.70. BellRing Brands has a 1-year low of $17.68 and a 1-year high of $29.91.

BellRing Brands (NYSE:BRBR) last announced its quarterly earnings data on Thursday, May 6th. The company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $282.10 million during the quarter, compared to the consensus estimate of $269.25 million. BellRing Brands had a net margin of 2.38% and a negative return on equity of 1.13%. Analysts anticipate that BellRing Brands will post 0.79 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership raised its holdings in BellRing Brands by 10.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 375,718 shares of the company’s stock valued at $8,871,000 after acquiring an additional 36,194 shares in the last quarter. Friess Associates LLC increased its stake in BellRing Brands by 146.5% during the first quarter. Friess Associates LLC now owns 127,113 shares of the company’s stock valued at $3,001,000 after purchasing an additional 75,540 shares during the last quarter. Lazard Asset Management LLC increased its stake in BellRing Brands by 24.8% during the first quarter. Lazard Asset Management LLC now owns 2,196 shares of the company’s stock valued at $51,000 after purchasing an additional 437 shares during the last quarter. TD Asset Management Inc. increased its stake in BellRing Brands by 8.9% during the first quarter. TD Asset Management Inc. now owns 29,055 shares of the company’s stock valued at $686,000 after purchasing an additional 2,377 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in BellRing Brands by 10.9% during the first quarter. Stifel Financial Corp now owns 30,486 shares of the company’s stock valued at $720,000 after purchasing an additional 2,999 shares during the last quarter. 98.86% of the stock is currently owned by institutional investors and hedge funds.

About BellRing Brands

BellRing Brands, Inc manufactures and sells nutrition products in the United States and internationally. It offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, and nutrition bars and supplements. The company provides its products primarily under the Premier Protein, Premier Nutrition, Dymatize, PowerBar, Bell Ring, Joint Juice, and Supreme Protein brands.

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Analyst Recommendations for BellRing Brands (NYSE:BRBR)

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