Stock price when the opinion was issued
Since its IPO a year ago, shares are up 319%. They make protein shakes and powder. The weight-loss drugs not only reduce fat by muscle, so their protein shakes benefit. Those shakes come in 14 flavours and each provides 60% of your daily protein needs. Household penetration has risen from 16% to 19% in a year against heavy competition. Another product appeals to the fitness market. Costco, Walmart and Amazon distribute their products. The sector is small enough that players can still deliver outsized growth. Shares are pricey at 20x 2025 PE and at an all-time high now. Is growing 10%.
It's rallied in recent months, up since earnings, but trades at 34x PE. Likes it.