BellRings Brands gains after Cowen suggested it could be a takeover candidate [Seeking Alpha]
BellRing Brands, Inc. (BRBR)
Last bellring brands, inc. earnings: 2/6 05:00 pm
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Source: Seeking Alpha
Analyst Robert Moskow and his team see BellRing Brands ( BRBR ) as uniquely positioned to capitalize on rising consumer adoption of ready-to-drink shakes for weight management. "Our tracking data indicates a 17% CAGR for the RTD shake category. Management's data indicates that household penetration of shakes has increased to 45% in 2023 from 38% in 2019 while bars has slipped to 55% from 60%. We expect the shakes segment to continue to gain share from bars as capacity expands and manufacturers introduce new flavors to attract consumers. Our proprietary consumer survey indicates that demand for shakes skews towards younger demographics, suggesting a long runway ahead of consumer adoption." Moskow forecasts BellRing Brands ( BRBR ) will grow at a 13% CAGR for the whole business over the next three years by expanding household penetration of its Premier brand and capacity. Despite tight industry capacity, BRBR has grown its co-manufacturing network to 11 facilities since 2021 to hel
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BRBR
News
- U.S. small caps struggle as elevated interest rates take a toll [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- US small caps struggle as elevated interest rates take a toll [Yahoo! Finance]Yahoo! Finance
- Wall St Week Ahead US small caps struggle as elevated interest rates take a toll [Reuters]Reuters
- BellRing Brands, Inc. (NYSE: BRBR) is now covered by analysts at TD Cowen. They set a "buy" rating and a $64.00 price target on the stock.MarketBeat
- BellRing Brands Schedules Second Quarter Fiscal Year 2024 Conference Call [Yahoo! Finance]Yahoo! Finance
BRBR
Earnings
- 2/5/24 - Beat
BRBR
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- BRBR's page on the SEC website