Is This Health and Wellness Spinoff a Buy?
BellRing Brands (NYSE:BRBR) is a play on the health and wellness trend that's overtaking most consumer products segments. From prepared foods to dining out, soft drinks to adult beverages, consumers are more circumspect about the products they're buying.
This maker of protein bars, shakes, and powders was spun off from cereal maker Post Holdings' (NYSE: POST) active nutrition segment in mid-October, and since its IPO, the stock has jumped 58% from its $14 offer price. Wall Street also seems bullish about the stock, with seven of eight analysts rating it the equivalent of a buy.
It's a crowded space, however, so let's look a bit closer to see if this pure play on convenient nutrition can capitalize on the trend.
Source Fool.com
