BellRing Brands (BRBR) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: BellRing Brands (BRBR) - BellRing Brands currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - Over the past week, BRBR shares increased by 1.78%, while the Zacks Medical - Products industry declined by 1.2% [5] - In the last month, BRBR's price change was 6.61%, significantly outperforming the industry's 0.24% [5] - Over the past quarter, BRBR shares rose by 6.62%, and over the last year, they gained 31.28%, compared to the S&P 500's increases of 2.97% and 24.31%, respectively [6] - The average 20-day trading volume for BRBR is 1,229,046 shares, indicating a bullish sign with rising stock prices [7] Earnings Outlook - In the past two months, 7 earnings estimates for BRBR have been revised upwards, while none have been revised downwards, increasing the consensus estimate from $2.16 to$2.23 [9] - For the next fiscal year, 6 estimates have moved up, while 2 have been revised down [9] Conclusion - Considering the positive momentum indicators and earnings outlook, BRBR is identified as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [11]