BellRing Brands (NYSE:BRBR) Reaches New 12-Month High at $20.90

Shares of BellRing Brands (NYSE:BRBR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $20.90 and last traded at $20.80, with a volume of 744796 shares traded. The stock had previously closed at $20.25.

BRBR has been the subject of several research analyst reports. Goldman Sachs Group initiated coverage on shares of BellRing Brands in a research report on Monday, November 11th. They set a “buy” rating and a $24.00 price target for the company. Credit Suisse Group assumed coverage on shares of BellRing Brands in a research report on Monday, November 11th. They set an “outperform” rating and a $21.00 price target for the company. DA Davidson assumed coverage on shares of BellRing Brands in a research report on Monday, October 14th. They issued a “buy” rating for the company. Bank of America assumed coverage on shares of BellRing Brands in a research report on Monday, November 11th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of BellRing Brands in a research report on Monday, November 11th. They issued an “overweight” rating and a $21.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $21.36.

The company has a 50-day simple moving average of $18.51.

About BellRing Brands (NYSE:BRBR)

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.

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