In a report released today, Bryan Spillane from Bank of America Securities reiterated a Buy rating on BellRing Brands (BRBR – Research Report), with a price target of $90.00.
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Bryan Spillane has given his Buy rating due to a combination of factors including BellRing Brands’ strong historical sales growth and its potential for future expansion. The company has demonstrated a 3-year sales compound annual growth rate significantly higher than its peers in the convenient nutrition and beverage categories, indicating a robust market position and growth potential.
Despite recent challenges, such as increased competition and changes in retailer buying teams, Spillane believes these are natural developments in a growing category. He sees minimal risk to the company’s future topline targets and suggests that leveraging a distribution partner could enhance growth prospects. The current share price is seen as undervaluing the company’s potential, making it an attractive investment opportunity.
In another report released on June 18, TD Cowen also maintained a Buy rating on the stock with a $78.00 price target.