Bellring Brands Inc [BRBR] stock Initiated by Deutsche Bank analyst, price target now $67

Bellring Brands Inc [NYSE: BRBR] loss -1.48% on the last trading session, reaching $57.14 price per share at the time.

If compared to the average trading volume of 1.09M shares, BRBR reached a trading volume of 18768904 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Bellring Brands Inc [BRBR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BRBR shares is $64.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BRBR stock is a recommendation set at 1.53. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Bellring Brands Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 23, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price to Buy. The new note on the price target was released on April 22, 2024, representing the official price target for Bellring Brands Inc stock. Previously, the target price had yet another raise to $67, while Citigroup analysts kept a Buy rating on BRBR stock. On January 03, 2024, analysts decreased their price target for BRBR shares from 55 to 50.

The Average True Range (ATR) for Bellring Brands Inc is set at 1.68, with the Price to Sales ratio for BRBR stock in the period of the last 12 months amounting to 4.04. Price to Free Cash Flow for BRBR in the course of the last twelve months was 26.24 with Quick ratio for the last quarter at 1.84.

Trading performance analysis for BRBR stock

Bellring Brands Inc [BRBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.96. With this latest performance, BRBR shares dropped by -2.02% in over the last four-week period, additionally plugging by 1.71% over the last 6 months – not to mention a rise of 58.63% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BRBR stock in for the last two-week period is set at 48.70, with the RSI for the last a single of trading hit 48.97, and the three-weeks RSI is set at 48.87 for Bellring Brands Inc [BRBR]. The present Moving Average for the last 50 days of trading for this stock 57.43, while it was recorded at 57.54 for the last single week of trading, and 53.25 for the last 200 days.

Bellring Brands Inc [BRBR]: A deeper dive into fundamental analysis

Bellring Brands Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.84 and a Current Ratio set at 2.97.

Bellring Brands Inc [BRBR]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BRBR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bellring Brands Inc go to 20.70%.

An analysis of Institutional ownership at Bellring Brands Inc [BRBR]

The top three institutional holders of BRBR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BRBR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BRBR stock with ownership which is approximately 5.8386%.

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