Stifel Cuts PT on BellRing Brands (BRBR) to $34 From $50

BellRing Brands, Inc. (NYSE:BRBR) is one of the best confectionery, cookie, and snack stocks to buy. Stifel cut the price target on BellRing Brands, Inc. (NYSE:BRBR) to $34 from $50 and reiterated a Buy rating on the shares on February 4. The rating update came after BellRing Brands, Inc. (NYSE:BRBR) released its fiscal Q1 2026 financial results on February 3, reporting net sales of $537.3 million, up 1% year-over-year. Operating profit for the quarter reached $78.5 million, with net earnings of $43.7 million and adjusted EBITDA of $90.3 million.

BellRing Brands, Inc. (NYSE:BRBR) also reported a narrowed fiscal year 2026 net sales outlook of $2.41-$2.46 billion and adjusted EBITDA outlook of $425-$440 million. Management stated that the narrowed outlook reflects higher category promotional frequency and increased whey protein costs, but it continues to expect growth and second-half acceleration as demand initiatives ramp.

The same day, BellRing Brands, Inc. (NYSE:BRBR) also announced leadership transition plans, reporting President and Chief Executive Officer Darcy Davenport’s decision to retire from the company, effective upon the earlier of the appointment of a new Chief Executive Officer or September 30, 2026, the end of the its fiscal year.

BellRing Brands, Inc. (NYSE:BRBR) provides nutrition bars,  ready-to-drink (RTD) protein shakes, powders, and other RTD beverages. Its primary brands are Dymatize and Premier Protein. BellRing Brands, Inc. (NYSE:BRBR) operates through protein-based consumer goods.

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Disclosure: None. This article is originally published at Insider Monkey.