Stifel reports measured channels data shows consumption of BellRing’s (BRBR) Premier brand was up 44% in the latest two weeks, supported by a Costco (COST) member savings event. The firm, which believes the early August trends are supportive of the company’s high-teen to low-20s consumption growth outlook for Preimier in the fourth quarter, maintains a Buy rating and $66 price target on BellRing Brands.
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