William Blair analyst Jon Andersen has maintained their bullish stance on BRBR stock, giving a Buy rating today.
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Jon Andersen has given his Buy rating due to a combination of factors that highlight BellRing Brands’ solid fundamental performance and attractive valuation. The company’s first-quarter 2026 results exceeded expectations, with revenue coming in meaningfully ahead of both his forecast and market consensus, and profitability (EBITDA) also running notably above projections. Importantly, the modest organic sales growth was driven entirely by higher volumes, indicating healthy underlying demand rather than reliance on pricing alone.
Moreover, even though management slightly tightened the full-year 2026 guidance range by trimming the upper end, the outlook still calls for mid-single-digit top-line growth from a sizable revenue base. While EBITDA is expected to decline year-over-year, Andersen believes the current share price already discounts this pressure, as reflected in the stock’s enterprise value of roughly 9.5 times his 2026 EBITDA estimate. In his view, this multiple undervalues BellRing’s growth profile and cash-generating capability, supporting continued upside potential. Consequently, he maintains a positive stance on the stock and reiterates his Buy (Outperform) recommendation.
In another report released today, Barclays also maintained a Buy rating on the stock with a $30.00 price target.