BellRing Brands: Rating Upgrade As I'm Convinced On The Growth Strength [Seeking Alpha]
BellRing Brands, Inc. (BRBR)
Last bellring brands, inc. earnings: 2/6 05:00 pm
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Source: Seeking Alpha
The company reported outstanding Q1 2024 results, with revenue growth of 19% and beating consensus estimates. Management raised its FY24 outlook, expecting higher net sales and EBITDA, further boosting the positive outlook for the company. Overview My recommendation for BellRing Brands ( NYSE: BRBR ) is a buy rating. I have upgraded my rating as I am convinced that organic growth can continue to sustain itself at this rate given the growth opportunities ahead and the strength of the underlying demand. Importantly, I am convinced that BRBR can continue to trade at this premium valuation if it can continue to grow at this rate and expand margins. Note that I previously upgraded to a hold rating for BRBR as I am positive about the business fundamentals, namely its organic growth performance and outlook. But I was not willing to take the risk given that the valuation was not attractive. Recent results & updates BRBR reported an outstanding quarter for 1Q24 , where revenue grew
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BRBR
News
- BellRings Brands gains after Cowen suggested it could be a takeover candidate [Seeking Alpha]Seeking Alpha
- 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
- BellRing Brands Schedules Second Quarter Fiscal Year 2024 Conference Call [Financial Post (Toronto, Ontario, Canada)]Financial Post
- BellRing Brands Schedules Second Quarter Fiscal Year 2024 Conference CallGlobeNewswire
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