NEW YORK (TheStreet) --BMO Capital raised its price target on Monster Beverage Corp. (MNST) - Get Report to $150 from $140 on Tuesday morning, and raised its 2015 earnings per share estimates to $3.27 from $3.25 and upped its full year 2016 estimates to $3.76 per share, from $3.70 per share.

The firm said it adjusted its numbers on the alternative beverage maker as it believes regulatory risks have diminished. BMO maintained its "outperform" rating on the stock.

"We revisited regulatory issues for the energy drinks category, including MNST, in light of a recently published scientific report on caffeine intake from food and beverages in U.S. by the 2015 Dietary Guidelines Advisory Committee," the firm said in an analyst note.

"Mounting scientific evidence of the safety of energy drinks consumption within moderate limits (i.e., 400 mg/day of caffeine or 2.5 Monster 16 oz. cans per day) coupled with MNST's voluntary labeling/marketing changes largely remove the risk of a material growth deceleration in US from an adverse regulatory action," BMO added.

Monster Beverage closed at $137.94 on Monday afternoon.

Separately, TheStreet Ratings team rates MONSTER BEVERAGE CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate MONSTER BEVERAGE CORP (MNST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The revenue growth came in higher than the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 12.0%. Growth in the company's revenue appears to have helped boost the earnings per share.
• MNST has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 4.03, which clearly demonstrates the ability to cover short-term cash needs.
• MONSTER BEVERAGE CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, MONSTER BEVERAGE CORP increased its bottom line by earning $2.78 versus $1.96 in the prior year. This year, the market expects an improvement in earnings ($3.34 versus $2.78).
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Beverages industry. The net income increased by 64.7% when compared to the same quarter one year prior, rising from $76.11 million to $125.33 million.
• The gross profit margin for MONSTER BEVERAGE CORP is rather high; currently it is at 55.87%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 20.69% is above that of the industry average.
• You can view the full analysis from the report here: MNST Ratings Report