|Bid||38.25 x 800|
|Ask||0.00 x 800|
|Day's Range||42.60 - 43.64|
|52 Week Range||25.49 - 43.70|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||20.13|
|Earnings Date||Nov 11, 2019 - Nov 15, 2019|
|Forward Dividend & Yield||0.44 (1.03%)|
|1y Target Est||44.46|
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...
Chick-fil-A has big plans for Canada and is optimistic about its recent debut in Toronto, which included chicken sandwich lovers lining up hours before the doors first opened, and, of course, protesters.
When it comes to Beyond Meat (NASDAQ:BYND), and BYND stock in general, the pattern is all too familiar.Source: Shutterstock There is huge hype ahead of demand. But the revolution doesn't happen. The bubble pops.In 2017, it was bitcoin. In 2018 it was marijuana. Now, in 2019, it is vegetable protein dressed up to look, smell and taste like animal meat.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo what can we realistically expect from BYND stock?Over the last four quarters, Beyond Meat has revenue of $166 million; its market cap before opening for trade Aug. 29 was over $9.6 billion.It sure looks like a bubble. It smells like a bubble. It even tastes like a bubble. But could things be different for Beyond Meat stock? BYND Stock: The Hype and the HopeI would like to think things can be different for Beyond Meat. Meat production is decimating the environment. There's a growing movement that's in favor of making my late father-in-law's birthplace in Texas into a petting zoo. For now, the land remains a cattle ranch. Last time we visited, one of the calves there was being called Henry.Companies like Beyond Meat speak to this. With rival Impossible Foods still refusing to go public, BYND stock remains the only game in town. * 7 Stocks to Buy Down 10% in the Past Week Since its first trade in May at about $63 per share, Beyond Meat has been on fire, up 140%. In the quarterly report it has issued since going public, it reported an operating income of $3 million on revenue of over $67 million. That report missed earnings estimates by 16 cents a share. Analysts had expected a loss of just 8 cents.Still, Beyond Meat has done its research. The research budget is down to $4.2 million/quarter. In June, it had $54 million in cash, and just $30 million in debt.When Beyond Meat tested faux chicken near my home in Atlanta this week, it sold out within hours. If the test means anything, expect Kentucky Fried Chicken parent Yum! Brands (NYSE:YUM) to go all-in on fake chicken very soon.BYND products are already going into meal kits. They will soon be appearing in school cafeterias, offices and stadiums, thanks to Aramark (NYSE:ARMK).Demand is there, as such companies as Restaurant Brands (NYSE:QSR), which owns Burger King, will attest. Beyond Meat is testing fake steak, even faux bacon. C'mon man. Bacon! The company's suppliers are drawing new investment. The SkepticsMeanwhile, skepticism is rising. And it's not just from people like me who have seen this movie before.No one believes the current valuation for Beyond Meat stock is justified. The bubble will pop at the first sign of an Impossible Foods IPO. With Beyond Meat costing $12 per pound, against $5 per pound for Henry, the bubble may have already burst.The Wall Street Journal insists Beyond Meat investors will choke on their optimism. It's just a fad and it's made with the same ingredients as dog food, the cynics insist. Dog food! The Bottom Line on Beyond Meat StockPersonally, I hope the meatless meat bandwagon has longer legs than bitcoin or even legal pot had.We have a Chinese restaurant near us that has been selling faux meat for decades and my best friend has been vegetarian for a half-century. The problem is that things like textured vegetable protein and seitan, sold in cans as mock duck, don't really taste like meat. * 10 Small-Cap Stocks to Buy Before They Grow Up I'm willing to believe there's a big market for meatless meat that tastes like meat.But the skeptics have a point, too. It would take years of solid, profitable growth for Beyond Meat to grow into its present valuation. At some point the market is going to find another new shiny object to chase. I don't know what the catalyst will be, but after the fall (and only after the fall) I might take another look at Beyond Meat stock.Until then, Henry's future lies between two buns.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental story, Bridget O'Flynn and the Bear , available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in QSR. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy Down 10% in the Past Week * 15 Retail Survivors to Buy for the Long Run * 7 Stocks That Wall Street Thinks Could Rise 50% Or More The post Why Beyond Meat Stock Is More Hype-Worthy Than Pot and Bitcoin appeared first on InvestorPlace.
As millions of college students prepare to return to campus to start the new school year, they’ll be looking for fresh, nutritious, on-trend food when they hit the books. Aramark (ARMK), the award-winning food and facilities partner of more than 400 colleges and universities across the U.S., is ready to welcome back three million higher education students to campus, by introducing a new wave of offerings customized to the ever-changing needs of Gen Zers. “Every year, our higher education team members elevate the student experience with custom campus solutions tailored for them,” said Jeff Gilliam, president of Aramark’s Higher Education business.
(Bloomberg) -- Aramark, the food-services company being targeted by activist investor Mantle Ridge, climbed Monday on news that its chairman and Chief Executive Officer Eric Foss plans to retire.Lead independent director Stephen Sadove has been appointed non-executive chairman in his place, and a search for a new CEO will be launched, the company said in a statement. Foss has been CEO since 2012 and chairman since 2015.“As a board, we are committed to conducting a comprehensive search, including seeking input, to identify the next chief executive officer to execute on our growth strategy and lead our 270,000 team members, for the benefit of all of our shareholders,” Sadove, a former head of luxury retailer Saks Inc., said in the statement.An Office of the Chairman will oversee day-to-day operations of the Philadelphia-based company until Foss’s successor is found, Aramark said. Foss will stay on in an advisory role until Oct. 2. The company provides food and other services to facilities including universities, stadiums and hospitals.The shares rose as much as 3.6% to $41.06 in New York.The news comes less than two weeks after Mantle Ridge, the activist fund run by Paul Hilal, disclosed a 20% stake in Aramark. The New York-based firm said in a regulatory filing it planned to hold talks with the company about its strategic direction, governance, board and management composition, among other matters. Shares in the company had fallen about 9% over the past 12 months prior to Mantle Ridge disclosing its position on Aug. 16.Representatives for Aramark and Mantle Ridge weren’t immediately available for comment.To contact the reporter on this story: Scott Deveau in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, Lisa Wolfson, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Aramark CEO Eric J. Foss stepped down Monday, following the recent massive stock purchase by an activist investor known for changing up leadership at the companies he invests in.
Aramark (ARMK) announced today that Chairman, President & CEO Eric Foss is retiring and Lead Independent Director Stephen Sadove has been named non-executive Chairman of the Board of Directors. Foss will remain in an advisory capacity until October 2, 2019. The Company’s Board has established an Office of the Chairman, whose members will oversee the Company’s day-to-day operations and engage with the Board on a regular basis until a successor to Foss is named.
Several new food items are making their way to Lincoln Financial Field before the Philadelphia Eagles kick off their season. Aramark Corp. is rolling out three dishes at the stadium inspired by Philadelphia and food trends, the company said Tuesday.
Investing.com – Beyond Meat (NASDAQ:BYND) rallied sharply Tuesday after JPMorgan upgraded its rating on the plant-based-burger maker, citing an attractive valuation following a steep decline in recent weeks.
Activist investor Paul Hilal has a track record of changing up the C-suite and board of directors, one analyst said.
Shares of Aramark shot up 12% toward a 10-month high in premarket trading Monday, after hedge fund Mantle Ridge L.P. disclosed that it had taken a large equity stake in the food and uniform services company. In a 13D filing with the Securities and Exchange Commission late Friday, Mantle Ridge disclosed that it owned 24.1 million Aramark shares, or 9.8% of the shares outstanding. That would make Mantle Ridge the largest shareholder, according to FactSet data. Including cash-settled forward transactions and call options, Mantle Ridge sad it has "economic exposure" of a total of 49.3 million Aramark shares, or 20% of the shares outstanding. Mantle Ridge said in the 13D filing that it intends to have "conversations, meetings and other communications" with Aramark's board of directors, management and certain shareholders to discuss the company's business, strategies, governance and composition of the management team and board, regarding "possibilities" for changes. In a statement following the 13D, Aramark said it is "focused on maximizing long-term value for all of our shareholders, and welcomes open communication and constructive dialogue with our shareholders toward that goal." Stifel Nicolaus and Instinet both upgraded Aramark to buy on Monday. Aramark's stock has run up 28% year to date through Friday, while the S&P 500 has gained 15%.
Harbor Yard Amphitheater (HYA) announced today it is partnering with Aramark (ARMK) to manage food and beverage services at the new concert venue on the Long Island Sound in Bridgeport, CT. Working closely with Harbor Yard, Aramark will develop a fresh and exciting food and beverage program that enhances the concert-goers experience with local, on-trend and great-tasting menu options and amenities. Aramark’s experience runs the full gamut of music venue concessions and facilities management.
Shares of Aramark rose nearly 10% in trading on Monday after activist investor Mantle Ridge unveiled a 20% stake in the food services company. The total economic interest is 20% including derivatives, according to Stifel, which increased its recommendation to buy from hold on the stock and its target price to $49 from $36 on the news. "The involvement of an activist shareholder (Mantle Ridge announced a 20% interest in the company) changes the picture materially.