Bank of America Securities analyst Bryan Spillane reiterated a Buy rating on BellRing Brands yesterday and set a price target of $90.00.
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Bryan Spillane has given his Buy rating due to a combination of factors that highlight BellRing Brands’ strong financial performance and growth potential. The company reported impressive third-quarter results, with adjusted earnings per share and EBITDA surpassing both Bank of America’s estimates and market consensus. This outperformance was driven by higher sales and improved margins, reflecting the company’s effective pricing strategies and volume growth.
Additionally, BellRing Brands has narrowed its fiscal year 2025 outlook, maintaining a positive growth trajectory in both sales and EBITDA. The valuation of BellRing Brands is considered justified given its robust consumer and retailer interest, along with its strategic promotional activities and marketing investments. These factors contribute to the company’s anticipated future growth, supporting the Buy rating and the price objective of $90, which is significantly above the current trading price.
In another report released on July 24, Jefferies also maintained a Buy rating on the stock with a $82.00 price target.
BRBR’s price has also changed moderately for the past six months – from $74.920 to $53.640, which is a -28.40% drop .