BellRing Brands (NYSE:BRBR) Price Target Raised to $84.00 at Jefferies Financial Group

BellRing Brands (NYSE:BRBR) had its price target increased by Jefferies Financial Group from $61.00 to $84.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently issued reports on BRBR. JPMorgan Chase & Co. cut their price objective on shares of BellRing Brands from $65.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of BellRing Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Stephens restated an “equal weight” rating and issued a $55.00 target price on shares of BellRing Brands in a report on Tuesday, August 6th. Evercore ISI upped their target price on shares of BellRing Brands from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial upped their target price on shares of BellRing Brands from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, October 16th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.33.

BellRing Brands Stock Up 0.1 %

BRBR traded up $0.04 during trading on Thursday, reaching $72.51. 453,828 shares of the stock traded hands, compared to its average volume of 1,198,068. The stock has a market capitalization of $9.37 billion, a PE ratio of 43.29, a P/E/G ratio of 1.63 and a beta of 0.84. The stock’s 50-day moving average is $63.61 and its 200 day moving average is $58.57. BellRing Brands has a 12 month low of $44.37 and a 12 month high of $73.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new position in BellRing Brands in the 1st quarter valued at $428,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of BellRing Brands during the 1st quarter valued at $229,000. Russell Investments Group Ltd. raised its position in shares of BellRing Brands by 73.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,154 shares of the company’s stock valued at $3,374,000 after buying an additional 24,126 shares in the last quarter. ProShare Advisors LLC raised its position in shares of BellRing Brands by 4.7% during the 1st quarter. ProShare Advisors LLC now owns 30,109 shares of the company’s stock valued at $1,777,000 after buying an additional 1,341 shares in the last quarter. Finally, M&G Plc purchased a new stake in shares of BellRing Brands during the 1st quarter valued at $8,248,000. 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.