Taking A Pass on BellRing Brands
Jun 17, 2024
Took a look at BellRing Brands (BRBR), which makes protein drinks and powders under the Premier Protein and Dymatize brands. There are some good things here. The whey protein market is growing 8-10% annually, and Premier is the category leader at around 21% market share. However, this is a space with a TON of competition, from direct (like Simply Good's Quest and Atkins brands), to massive food conglomerates (like Coca-Cola's Fairlife brand), to small niche players. I don't see much of a moat here, meaning the firm is gonna have to continually spend for marketing to maintain share and will be constantly challenged on price. It is a pass for me.
Follow @GreenDotStocks
Information contained on this website represents only the opinions of the author and should not be used as the sole basis for investing decisions. By using this site, you agree to all statements in the Site Policy.
Watch List
| WDAY | -13.18% |
| VEEV | 12.52% |
| PSTG | -7.13% |
| INTU | 14.19% |
| CMG | 31.78% |
| RDDT | 7.17% |
| NTNX | 17.22% |
| CRWD | 76.14% |
| SE | 19.26% |
| SNOW | 5.28% |
| APPF | 6.95% |
vs. Fair Value Estimates
Buy List
| PINS | -37.54% |
| ASML | -25.06% |
| SEMR | -37.55% |
| TSM | -43.44% |
| ZETA | -32.89% |
| GOOG | -51.47% |
| NYAX | -30.39% |
| MSFT | -31.81% |
| ODD | -32.30% |
| ASR | -26.98% |
| FLYW | -44.52% |
| HRMY | -60.41% |
| YOU | -37.20% |
| ABNB | -33.55% |
| MELI | -26.26% |
| ADBE | -45.26% |
vs. Fair Value Estimates
Hold List
| VTEX | -17.92% |
| CELH | 49.08% |
| TOST | 16.30% |
| CPNG | -14.83% |
| HIMS | -23.69% |
| PAYC | -21.14% |
| MNDY | 7.35% |
| GLBE | -24.43% |
| ZS | 23.06% |
| V | -7.38% |
| ADSK | -2.06% |
| NOW | -1.85% |
| FTNT | -4.90% |
| TEAM | -8.65% |
vs. Fair Value Estimates