|Bid||135.04 x 1100|
|Ask||135.26 x 1100|
|Day's Range||132.12 - 135.98|
|52 Week Range||48.18 - 172.29|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 26, 2020 - Oct. 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||113.49|
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Beyond Meat, Inc...
The first six months of 2020 have visibly transformed Beyond Meat's (NASDAQ: BYND) approach to marketing its plant-based, meat substitute products. Total revenue jumped by 69% against the prior-year quarter to $113.3 million. In the second quarter, U.S. retail sales (mostly through grocery channels) almost tripled to $90 million, while foodservice sales in the U.S. plunged by 61% to $6.5 million.
Beyond Meat's (BYND) second-quarter 2020 results reflect strong sales in the retail channel owing to increased at-home consumption amid the pandemic. However, foodservice sales remain soft.