|Bid||134.25 x 1000|
|Ask||134.49 x 800|
|Day's Range||130.75 - 136.65|
|52 Week Range||48.18 - 239.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Bloomberg) -- Beyond Meat Inc. is at risk of being part of a food craze that could potentially sputter and continues to face heightened competition, according to a Citi analyst who initiated coverage with a sell rating.Close to one-quarter of Americans are eating less meat now than last year, but they aren’t doing so out of moral opposition to eating animals for food, analyst Wendy Nicholson said. In fact, simulated meat products are “too close to the real thing” for some who are philosophically opposed to eating meat, she said.“Plant-based meat could be a fad,” Nicholson said in a note. And while alt-meat products may be more environmentally friendly, they aren’t much healthier than real meat, she said.Shares of El Segundo-based Beyond Meat fell as much as 7.4% Friday. They had jumped 87% this year through Thursday’s close. Eight of 20 analysts covering the company have a sell rating on the stock, while just three recommend buying it.Nicholson said that the company’s Beyond Taco served at Del Taco, and Burger King’s Impossible Burger both “saw trends slow after an initial uptick in sales.”The company also faces heightened competition with pure-play company Impossible Foods Inc., traditional meat companies like Tyson Foods Inc. and packaged food giants such as Conagra Brands Inc. and Kellogg Co. Yet, while competition is “only getting tougher,” that isn’t entirely a bad thing, Nicholson said.Product Placement“The good news, in our view, is that more products coming to market in the plant-based meat category could lead to more consumer awareness of these products and more trial,” she said.Another plus, Beyond Meat’s product placement in grocery store meat cases has led to higher rates of trial during the pandemic as more people cook at home, Nicholson said. Additionally, more people have been choosing plant-based meat products because of Covid-19 outbreaks in meat processing plants, she said.Still, the analyst said the company spends a lot on research and development and capital expenditures and expects both to continue. She set a price target of $123 on the shares, which implied a 13% decline from Beyond Meat’s closing price Thursday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Shares of plant-based meat company Beyond Meat (NASDAQ: BYND) were down sharply on Friday morning, after an analyst downgraded the stock, slapping it with a sell rating. Citigroup analyst Wendy Nicholson doesn't buy the long-term plant-based meat trend. Growth stocks do deserve lofty valuation multiples like this, and Beyond Meat is a growth stock.
Chris Kerr, Gathered Foods CEO & Co-Founder, joins The Final Round to discuss release of their new line frozen plant-based seafood and trends emerging in the plant-based protein market.
Yahoo Finance’s talent Emily McCormick Kristin Myers to discuss why Citi's analyst initiated coverage of Beyond Meat with a sell rating, citing concerns about rising competition.
While disruption often revolves around tech, consumer goods shouldn't be left out of the conversation. Two fast-growing names that need little introduction -- Beyond Meat (NASDAQ: BYND) and Monster Beverage (NASDAQ: MNST) -- both became well-known in short periods of time. With a new decade now here, there is plenty of promising growth potential ahead for both stocks, although the two companies are in two very different chapters in their respective stories.
Curiously, though, the stock price is going down despite two Wall Street analysts pushing their price targets up. As reported on StreetInsider.com today, two separate analysts -- UBS and Bernstein -- just raised their price targets on Beyond Meat shares. UBS thinks the stock is worth $105 (up from $75 previously), while Bernstein is positing a $133 share price.
At the end of April, only 11 Denny's Restaurants were open. However, as the nation continues reopening efforts, approximately 1,240 restaurants are now open, with CDC guidelines in place, as of July 9th. John Miller, Denny's CEO, joins Yahoo Finance's The First Trade to discuss franchisee ownership, reopening efforts and much more.
Shares of Beyond Meat (NASDAQ: BYND) rose over 77% in the first six months of the year, according to data provided by S&P Global Market Intelligence. The effects of the coronavirus pandemic will cause an immediate shift in product mix from foodservice sales to consumer sales, which could stunt growth in the near term. Can the growth stock continue rising heading into second-quarter 2020 earnings results?
In the latest trading session, Beyond Meat (BYND) closed at $143.11, marking a +0.08% move from the previous day.
Beyond Meat (NASDAQ: BYND) has been a stock market superstar for most of its time as a publicly traded company. The maker of plant-based meat alternatives started out with a bang when its stock surged 84% in its debut a little more than a year ago.
These companies differ on how they make plant-based meats, which products they're pursuing, and how much they're capable of manufacturing.
Alison Bodor, American Food Institute Pres & CEO, joins The First Trade to discuss the frozen food industry and how its faring amid this pandemic.
Investors need to pay close attention to Beyond Meat (BYND) stock based on the movements in the options market lately.
Beyond Meat announced that it would be launching retail sales of its burger patties in Mainland China through Freshippo Markets, a company under Alibaba Group Holding. The deal will begin out of 50 stores in Shanghai with plans to expand to another 48 stores in Beijing and Hangzhou by September. Yahoo Finance’s Heidi Chung joins The Final Round panel breaks down the details.
Shares of Beyond Meat (NASDAQ: BYND) climbed on Wednesday after the meat alternatives company announced a new partnership with one of the largest and most powerful companies in China. Beyond Meat's plant-based burger patties will be sold at 50 of Alibaba's (NYSE: BABA) Freshippo grocery stores in Shanghai, beginning this weekend. The two companies plan to roll out the Beyond Burger to additional Freshippo stores in Beijing and Hangzhou in September.
(Bloomberg) -- Beyond Meat Inc. is headed somewhere it’s never been before: supermarket shelves in mainland China.The faux-meat maker will begin selling its plant-based burger in the frozen section of 50 Freshippo stores in Shanghai this weekend, Beyond said in a statement. Starting in September, it will expand to 48 more locations, in Beijing and Hangzhou, of the Alibaba Group Holding Ltd.-owned chain.“Retail will be a critical part of our success in China,” Beyond Chief Executive Officer Ethan Brown said in the statement.Beyond Meat shares jumped as much as 10% to $147.89 in at 9:39 a.m. in New York. It’s the biggest one-day gain for the stock since June 8.The supermarket partnership extends Beyond’s reach into a large and potentially lucrative market after it made inroads in China with restaurant chains such as Starbucks Corp. and Yum China Holdings Inc. Beyond rival Impossible Foods Inc. also has stated ambitions to enter the country, which accounts for more than a quarter of global meat consumption.With the global coronavirus pandemic disrupting the supply chain for beef and chicken, consumers have increasingly gravitated toward meat alternatives. Sales of plant-based meat products surged 264% in the U.S. in the early months of the lockdown.While there are mounting concerns over pandemic-related troubles for the restaurant industry, Beyond Meat’s shares have risen more than 75% so far this year.(Updates Wednesday’s share performance in the fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Alternative meat producer Beyond Meat (NASDAQ: BYND) announced a new partnership with Alibaba (NYSE: BABA) to expand its reach in mainland China, according to CNBC. The company's Beyond Burgers will initially be sold in 50 of Alibaba's Freshippo grocery stores in Shanghai beginning Saturday. Beyond Meat already has a presence in mainland China through partnerships with Starbucks (NASDAQ: SBUX) and Yum China (NYSE: YUMC).
Beyond Meat is starting to hit supermarket shelves in China after it first entered the country in April by supplying Starbucks' plant-based menu. Within weeks, it had also forayed into select KFC, Taco Bell and Pizza Hut outlets -- all under the Yum China empire. China, the world's biggest market for meat consumption, has seen a growing demand for plant-based protein. Euromonitor predicted that the country's “free from meat” market, including plant-based meat substitutes, would be worth almost $12 billion by 2023, up from just under $10 billion in 2018.
Ethan Brown, founder of Beyond Meat, sat down with Yahoo Finance’s Brian Sozzi to discuss the meatless industry and what can be expected from Beyond Meat in the future
Beyond Meat’s shares fell on Thursday after McDonald’s acknowledged the end of its meatless burger trial in Canada. McDonald’s Corporation Yahoo Finance’s Heidi Chung joins The Final Round to break down the recent news surrounding McDonald’s and Beyond meat.