In a report released today, Andrew Lazar from Barclays maintained a Buy rating on BellRing Brands (BRBR – Research Report), with a price target of $62.00. The company’s shares closed yesterday at $57.18.
Lazar covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, JM Smucker, and Kellanova. According to TipRanks, Lazar has an average return of 5.4% and a 58.86% success rate on recommended stocks.
Currently, the analyst consensus on BellRing Brands is a Strong Buy with an average price target of $63.67, an 11.35% upside from current levels. In a report released on April 22, TD Cowen also initiated coverage with a Buy rating on the stock with a $64.00 price target.
BRBR market cap is currently $7.49B and has a P/E ratio of 46.19.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BRBR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
BellRing Brands (BRBR) Company Description:
Bellring Brands, Inc. operates as nutrition business. Its products include protein shakes, powders and nutrition bars. The company was founded on March 20, 2019 and is headquartered in Brentwood, MO.
Read More on BRBR:
- BRBR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Cisco downgraded, Lucid resumed: Wall Street’s top analyst calls
- BellRing Brands initiated with a Buy at TD Cowen
- BellRing Brands Schedules Second Quarter Fiscal Year 2024 Conference Call
- BellRing Brands price target raised to $65 from $61 at Morgan Stanley
