BellRing Brands (NYSE:BRBR) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

BellRing Brands (NYSE:BRBR) had its target price upped by Jefferies Financial Group from $61.00 to $84.00 in a report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also weighed in on BRBR. Bank of America raised their price objective on shares of BellRing Brands from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Evercore ISI raised their price target on BellRing Brands from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Truist Financial raised their price objective on shares of BellRing Brands from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. dropped their target price on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, BellRing Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.33.

BellRing Brands Stock Performance

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 PEG ratio of 1.63 and a beta of 0.84. The firm’s 50-day simple moving average is $63.93 and its 200-day simple moving average is $58.71. BellRing Brands has a twelve month low of $44.37 and a twelve month high of $73.27.

Institutional Trading of BellRing Brands

A number of institutional investors and hedge funds have recently modified their holdings of BRBR. Opal Wealth Advisors LLC bought a new stake in BellRing Brands in the second quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of BellRing Brands in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its position in shares of BellRing Brands by 243.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 669 shares of the company’s stock valued at $41,000 after buying an additional 474 shares in the last quarter. Truvestments Capital LLC acquired a new stake in BellRing Brands during the 3rd quarter worth $44,000. Finally, Quarry LP lifted its holdings in BellRing Brands by 65.3% during the second quarter. Quarry LP now owns 957 shares of the company’s stock worth $55,000 after acquiring an additional 378 shares in the last quarter. 94.97% of the stock is owned by institutional investors.

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.