BellRing Brands (NYSE:BRBR) Price Target Raised to $82.00 at Jefferies Financial Group

BellRing Brands (NYSE:BRBR - Get Free Report) had its price target raised by equities research analysts at Jefferies Financial Group from $80.00 to $82.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 49.35% from the stock's current price.

Other equities research analysts have also recently issued reports about the company. Evercore ISI lowered their price objective on BellRing Brands from $90.00 to $82.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Citigroup lowered their price objective on BellRing Brands from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Truist Financial dropped their price objective on BellRing Brands from $65.00 to $60.00 and set a "hold" rating on the stock in a report on Wednesday, July 2nd. Mizuho cut their price objective on BellRing Brands from $85.00 to $75.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Finally, Barclays set a $75.00 price objective on BellRing Brands and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $76.06.

BellRing Brands Stock Up 1.8%

BellRing Brands stock traded up $0.96 during mid-day trading on Wednesday, hitting $54.91. 2,511,527 shares of the stock were exchanged, compared to its average volume of 1,820,484. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.73 and a beta of 0.70. BellRing Brands has a 12 month low of $48.06 and a 12 month high of $80.67. The firm's fifty day simple moving average is $59.75 and its two-hundred day simple moving average is $68.36.

BellRing Brands (NYSE:BRBR - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $577.56 million. BellRing Brands had a negative return on equity of 133.63% and a net margin of 12.82%. The business's revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. As a group, analysts forecast that BellRing Brands will post 2.23 earnings per share for the current fiscal year.

Insider Buying and Selling at BellRing Brands

In related news, CEO Darcy Horn Davenport sold 1,600 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $57.70, for a total transaction of $92,320.00. Following the sale, the chief executive officer directly owned 197,178 shares of the company's stock, valued at $11,377,170.60. This trade represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 11,200 shares of company stock worth $662,448 over the last ninety days. 1.07% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BRBR. Envestnet Portfolio Solutions Inc. boosted its position in shares of BellRing Brands by 6.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company's stock worth $291,000 after acquiring an additional 237 shares during the last quarter. American Century Companies Inc. raised its stake in BellRing Brands by 24.7% during the fourth quarter. American Century Companies Inc. now owns 703,632 shares of the company's stock valued at $53,012,000 after purchasing an additional 139,322 shares in the last quarter. Sei Investments Co. raised its stake in BellRing Brands by 2.4% during the fourth quarter. Sei Investments Co. now owns 394,037 shares of the company's stock valued at $29,687,000 after purchasing an additional 9,281 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in BellRing Brands during the fourth quarter valued at $2,295,000. Finally, LPL Financial LLC raised its stake in BellRing Brands by 40.9% during the fourth quarter. LPL Financial LLC now owns 37,514 shares of the company's stock valued at $2,826,000 after purchasing an additional 10,882 shares in the last quarter. Institutional investors own 94.97% of the company's stock.

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.