Should you consider BELLRING BRANDS INC (NYSE:BRBR) for high growth investing?

Our stock screener has spotted BELLRING BRANDS INC (NYSE:BRBR) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NYSE:BRBR.

In-Depth Technical Analysis of BRBR

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Taking everything into account, BRBR scores 8 out of 10 in our technical rating. BRBR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

• The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
• When comparing the yearly performance of all stocks, we notice that BRBR is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, BRBR also shows a nice and consistent pattern of rising prices.
• BRBR is part of the Personal Care Products industry. There are 35 other stocks in this industry. BRBR outperforms 91% of them.
• BRBR is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so BRBR slightly outperforms the market at the moment.
• In the last month BRBR has a been trading in the 66.11 - 77.12 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of BRBR for a complete technical analysis.

How do we evaluate the setup for BRBR?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for BRBR is 8:

BRBR has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 78.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 73.42, a Stop Loss order could be placed below this zone.

Some of the high growth metrics of BRBR highlighted

Every stock receives a High Growth Momentum Rating (HGM) from ChartMill, ranging from 0 to 10. This rating assesses various growth and profitability aspects, including historical and projected EPS and revenue growth. BRBR boasts a 6 out of 10:

Explosive Earnings Growth

• BRBR has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 34.88% increase. This indicates improving financial performance and the company's effective management of its operations.
• Accelerating EPS growth for BRBR: the current Q2Q growth of 34.88% exceeds the previous quarter Q2Q growth of 24.39%.
• BRBR has achieved 46.48% growth in EPS over the past 12 months, reflecting a sustained improvement in earnings performance.
• The EPS of BRBR has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
• BRBR has demonstrated strong q2q revenue growth of 23.82%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• Accelerating Sales growth for BRBR: the current Q2Q growth of 23.82% exceeds the previous quarter Q2Q growth of 17.6%.
• Sales acceleration happened 2 quarters in a row.
• BRBR has achieved significant 1-year revenue growth of 21.0%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• Over the past 3 months, analysts have adjusted their EPS Estimate for BRBR with a 8.94% change. This highlights the evolving outlook on the company's EPS potential.
• With a track record of beating EPS estimates in the last 4 quarters, BRBR showcases its consistent ability to deliver earnings surprises. This reflects the company's strong execution and its competitive position in the market.

Financial Strength & Profitability

• With positive growth in its operating margin over the past year, BRBR showcases its ability to improve profitability through effective cost control and operational efficiency. This growth underscores the company's commitment to enhancing its financial performance.
• The profit margin of BRBR has seen steady growth over the past year, signaling improved profitability.
• The free cash flow (FCF) of BRBR has seen steady growth over the past year, indicating enhanced cash flow generation and financial health. This trend underscores the company's effective capital management and its ability to generate sustainable cash flows.

Market Strength

• The Relative Strength (RS) of BRBR has been consistently solid, with a current 93.05 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.