BellRing Brands (NYSE:BRBR) had its price objective lifted by equities researchers at Morgan Stanley from $30.00 to $32.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 22.14% from the stock’s current price.
BRBR has been the topic of a number of other research reports. Truist Securities restated a “hold” rating and set a $30.00 target price on shares of BellRing Brands in a research note on Wednesday, October 13th. The Goldman Sachs Group restated a “buy” rating and issued a $41.00 target price on shares of BellRing Brands in a report on Thursday, December 30th. Zacks Investment Research downgraded shares of BellRing Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 24th. Truist Financial downgraded shares of BellRing Brands to a “hold” rating and set a $30.00 target price on the stock. in a research note on Wednesday, October 13th. Finally, Citigroup lowered their price target on shares of BellRing Brands from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, November 23rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $31.45.
NYSE:BRBR opened at $26.20 on Tuesday. The company has a market cap of $1.04 billion, a P/E ratio of 36.90, a P/E/G ratio of 1.57 and a beta of 0.95. The stock’s fifty day moving average price is $25.79 and its two-hundred day moving average price is $29.18. BellRing Brands has a 1 year low of $20.36 and a 1 year high of $34.19.
BellRing Brands (NYSE:BRBR) last issued its quarterly earnings data on Thursday, November 18th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). BellRing Brands had a negative return on equity of 1.32% and a net margin of 2.21%. The company had revenue of $340.00 million during the quarter, compared to analysts’ expectations of $360.23 million. During the same quarter last year, the business earned $0.25 earnings per share. Equities analysts forecast that BellRing Brands will post 1.11 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. New York State Common Retirement Fund grew its position in shares of BellRing Brands by 0.8% during the second quarter. New York State Common Retirement Fund now owns 39,916 shares of the company’s stock worth $1,251,000 after buying an additional 326 shares in the last quarter. Sei Investments Co. acquired a new position in BellRing Brands during the second quarter worth about $1,265,000. Citigroup Inc. grew its holdings in BellRing Brands by 1,613.1% during the second quarter. Citigroup Inc. now owns 53,243 shares of the company’s stock worth $1,669,000 after acquiring an additional 50,135 shares during the period. Principal Financial Group Inc. acquired a new position in BellRing Brands during the second quarter worth about $1,059,000. Finally, Susquehanna International Group LLP purchased a new position in BellRing Brands in the 2nd quarter worth about $512,000. Institutional investors and hedge funds own 99.80% of the company’s stock.
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.