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Investing.com - Bernstein SocGen Group initiated coverage on BellRing Brands (NYSE:BRBR) with an Outperform rating and a $46.00 price target on Thursday. According to InvestingPro data, analysts maintain a strong bullish consensus on the stock, which currently trades at a P/E ratio of 19.16.
The stock has declined significantly since early May, falling from approximately $79 to around $33 currently, following challenges across two earnings cycles. Despite the 55% decline over the past six months, the company maintains strong fundamentals with a healthy 16.27% revenue growth and solid financial health metrics, according to InvestingPro’s analysis. Retailer inventory shifts impacted the previous quarter, while increased promotions and displays in the club channel are currently affecting both top and bottom lines.
Bernstein expects category momentum to remain strong with double-digit growth projected into 2026, partially driven by the anticipated launch of GLP-1 weight loss drugs in pill formats, especially if pricing decreases as the administration has suggested twice in 2025. With a market capitalization of $4.2 billion and management actively buying back shares, the company appears positioned to capitalize on this growth potential. Get the full analysis and 8 additional key insights with InvestingPro’s exclusive research report.
The research firm noted that while the category appears under pressure in U.S. Nielsen measured channels, this is likely due to promotional activity at Costco, which is not included in those measurements.
Bernstein believes BellRing’s market share will prove resilient once the current promotional activity in the club channel subsides, pointing out that the company’s market share has remained steady over recent years, with any potential retailer adjustments likely affecting smaller players and PepsiCo rather than market leaders with strong velocities like BellRing.
In other recent news, BellRing Brands has been the focus of several analyst updates and stock evaluations. Stifel has reiterated its Buy rating on the company, maintaining a price target of $66.00, citing strong growth in its Premier protein brand, which saw a 44% increase in consumption, partly due to a Costco savings event. DA Davidson also continues to rate BellRing Brands as a Buy, though it has lowered its price target to $58.00 from $85.00, following a challenging period for the company. JPMorgan has assumed coverage of BellRing Brands with an Overweight rating, setting a new price target of $52.00, down from the previous $80.00, highlighting the robust performance of the Premier Protein brand. Mizuho, while maintaining an Outperform rating, has significantly reduced its price target to $45.00 from $75.00, expressing concerns over growth. Despite these mixed signals from analysts, the Premier Protein brand remains a standout performer in the protein shake category. These developments reflect ongoing evaluations and adjustments by analysts in response to BellRing Brands’ recent performance and market conditions.
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