We recently published 10 Stocks Breaking Records While Wall Street Bleeds. BellRing Brands Inc. was one of the top performers on Tuesday.
BellRing jumped by 12 percent on Tuesday to close at $26.78 apiece as investors loaded portfolios ahead of its upcoming earnings, supported by optimistic comments about the protein drink industry.
According to BellRing Brands Inc., it is scheduled to announce the results of its earnings performance for the first quarter of fiscal year 2026 before market open on February 3, 2026. A conference call will be held to discuss the results.
BellRing Brands’ protein drinks. Photo from the company’s LinkedIn page
In other developments, the rally was helped by Coca-Cola Chief Executive Officer James Quincey’s optimistic comments about the protein beverage industry, saying that the company is seeing a gradual transition towards protein beverages.
“It is still relatively early days in the consumption of GLP-1, but you definitely see a shift across food and beverages,” Quincey said in an interview with CNBC, suggesting that the market for protein-based products continues to expand.
The announcement spilled over to BellRing Brands Inc., which owns ready-to-drink brand Premier Protein, and hydrolyzed protein powder, Dymatize.
Meanwhile, BellRing Brands Inc. maintained a “buy” recommendation and a $30 price target from Barclays, marking a 12 percent upside potential from its latest closing price.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
