Research analysts at Consumer Edge assumed coverage on shares of BellRing Brands (NYSE:BRBR) in a note issued to investors on Tuesday, December 31st, Marketbeat.com reports. The firm set an “equal weight” rating and a $24.00 price target on the stock. Consumer Edge’s price target points to a potential upside of 5.77% from the stock’s current price.
Several other equities analysts have also recently commented on the stock. Credit Suisse Group began coverage on shares of BellRing Brands in a research report on Monday, November 11th. They set an “outperform” rating and a $21.00 target price on the stock. Morgan Stanley lifted their price target on shares of BellRing Brands from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. SunTrust Banks started coverage on shares of BellRing Brands in a report on Monday, November 11th. They issued a “hold” rating and a $20.00 price target on the stock. Stifel Nicolaus started coverage on shares of BellRing Brands in a report on Monday, November 11th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Evercore ISI started coverage on shares of BellRing Brands in a report on Monday, November 11th. They issued an “outperform” rating and a $21.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $22.43.
Shares of BellRing Brands stock traded down $0.71 during mid-day trading on Tuesday, hitting $22.69. 306,624 shares of the stock were exchanged, compared to its average volume of 409,337. BellRing Brands has a 12 month low of $15.15 and a 12 month high of $24.03. The firm’s 50-day moving average is $21.81.
An institutional investor recently bought a new position in BellRing Brands stock. Rosenblum Silverman Sutton S F Inc. CA bought a new stake in shares of BellRing Brands (NYSE:BRBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 111,210 shares of the company’s stock, valued at approximately $2,368,000. Rosenblum Silverman Sutton S F Inc. CA owned 0.28% of BellRing Brands at the end of the most recent reporting period.
BellRing Brands Company Profile
BellRing Brands, Inc manufactures and sells nutrition products in the United States and internationally. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, and nutrition bars and supplements. It offers its products primarily under the Premier Protein, Dymatize, and PowerBar, as well as Joint Juice and Supreme Protein brands.
Read More: Why do analysts give a neutral rating?
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