Analyst John Baumgartner of Mizuho Securities maintained a Buy rating on BellRing Brands (BRBR – Research Report), boosting the price target to $80.00.
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John Baumgartner’s rating is based on BellRing Brands’ strong financial performance and growth prospects. The company has demonstrated a solid beat in its first-quarter financial results, with adjusted EBITDA and net sales surpassing expectations. This is reflected in the raised guidance for FY25, indicating confidence in continued growth and profitability.
Additionally, the company has shown significant household penetration and loyalty, particularly in the Premier brand, along with strong performance in the ready-to-drink shakes and powders markets. The unexpected positive surprise in Dymatize’s international sales further supports the optimistic outlook, suggesting that BellRing Brands is well-positioned to capitalize on growth opportunities, making it an attractive investment opportunity.
Baumgartner covers the Consumer Defensive sector, focusing on stocks such as The Hershey Company, Simply Good Foods, and Mondelez International. According to TipRanks, Baumgartner has an average return of 10.4% and a 59.91% success rate on recommended stocks.
In another report released on January 29, Citi also maintained a Buy rating on the stock with a $90.00 price target.