153.00 +1.05 (0.69%)
After hours: 7:54PM EDT
|Bid||152.00 x 1400|
|Ask||152.35 x 1100|
|Day's Range||149.14 - 155.75|
|52 Week Range||45.00 - 239.71|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||165.43|
Despite its occasional short-term spikes, Blue Apron (NYSE:APRN) stock continues its trend downward. So far, new food offerings, changes in management, and a reverse stock split have failed to rescue Blue Apron stock.Demographic, lifestyle, and technology trends have helped drive demand for meal kits. As a result, one can understand the emergence of Blue Apron. However, unless APRN can find a way to stand out from its peers, any move higher by Blue Apron stock will amount to little more than selling opportunities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Blue Apron Stock Continues to DeclineNothing seems to change for Blue Apron stock. The shares' continuous overall declines have sometimes been interrupted by temporary rebounds. Thus far, APRN has suffered a 1-15 reverse stock split in June, as well as a decline of nearly 96% from its split-adjusted IPO price of $150 per share.APRN's decision to bring in a new CEO made investors optimistic about Blue Apron stock for a short time. However, that rally quickly faded. By the way, Blue Apron also hired a new CEO in 2017. * 10 Marijuana Stocks to Ride High on the Farm Bill APRN stock also gained temporary traction when the company added products from Beyond Meat (NASDAQ:BYND) to its menu. Again, that gain quickly faded. Such behavior appears to show that every move higher by APRN stock seems to be a great time to sell the shares. Blue Apron Does Not Stand Out in the Meal-Kit BusinessThat said, investors should not confuse my criticism of APRN stock with pessimism about meal kits in general. The meal-kit market grew by 36% in under a year. InvestorPlace columnist Josh Enomoto mentioned that millennials love eating out but hate driving. As a result, by enabling consumers to order meal kits through an app, APRN has supposedly created a powerful, positive catalyst for APRN stock.However, there is a great deal of competition within the meal-kit sector, and this goes far beyond the emergence of HelloFresh, which incidentally has partnered with Walgreens Boots Alliance (NASDAQ:WBA). Larger, deep-pocketed grocers such as Walmart (NYSE:WMT), Amazon (NASDAQ:AMZN), and Kroger (NYSE:KR), have also entered the meal-kit business. Also, as InvestorPlace contributor Luke Lango points out, meal kits' growth could slow to the single-digit-percentage range by 2023 if estimates by Packaged Facts prove correct.Unfortunately for APRN stock bulls, nothing about Blue Apron differentiates it from any other meal-kit provider out there. And let's be honest, any halfway-motivated culinary school graduate (and some non-graduates) could develop such kits and package them. The only thing narrower than the moat for Blue Apron stock is the company's opportunity for a recovery. APRN's Financials Paint a Bleak PictureAny serious look at the company's financials confirms its challenges. Bulls may point to the 54.3% reduction in the company's per-share losses that analysts, on average, forecast for this year. However, if APRN does meet that estimate, Blue Apron will lose $4.32 per share this year instead of the $9.45 per share of losses it sustained last year.Moreover, its losses only shrunk this year because it cut its spending on marketing. These spending cuts will probably help lower its 2019 revenue to analysts' average estimate of $473.31 million. Blue Apron's top line cam in at $667.6 million in 2018.As things stand now, Wall Street analysts expect the company to continue to lose money through at least 2023. However, Blue Apron stock will fall to $0 long before that time unless Blue Apron changes its course quickly. Perhaps the company can find a way to increase revenues despite its lower marketing spending. Also, Blue Apron could attract more business by finding a large partner like Walgreens. Still, unless something changes, APRNs results will likely continue to worsen. The Bottom Line on Blue Apron StockSo far, every short-lived rally by APRN stock has proven to have been a great time to sell the shares. Blue Apron stock's lack of traction may appear strange, as it remains a well-known name in a growing industry. Meal kits should continue to grow in popularity for the foreseeable future. However, nothing is proprietary about Blue Apron's approach. Consequently, players large and small have entered this business, leaving APRN without any apparent competitive advantage.Thus far, cutting marketing spending to save money has only led to lower revenues for APRN. It is not too late for a new, unique offering or a key alliance with a larger player to rescue APRN stock. Still, as things stand now, APRN stock has produced feasting for shorts and famine for longs.Unless the company makes significant changes soon, investors with bullish positions in Blue Apron stock could be forced to get their meal kits from a soup kitchen instead of from APRN.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Blue Apron Stock Continues to Leave Investors Famished appeared first on InvestorPlace.
The honeymoon phase is over for Beyond Meat as investors are starting to take a closer look at the stock and realizing it may not be worth its astronomical valuation.
The bullish start to the week fizzled out on Tuesday, despite mostly-optimistic chatter. Credit Suisse's "recession dashboard" says there's not one in sight. "Key signals such as labor and credit trends remain quite healthy," explains Credit Suisse chief U.S. equity strategist Jonathan Golub.And, while he laments it, fund manager Kyle Bass made the case that central banks are going to continue doing anything and everything they can to keep the global economy propped up. JPMorgan's global head of quantitative and derivatives strategy Marko Kolanovic even went as far as saying last week's temporary inversion of the yield curve wasn't the cause for worry it might normally be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDisruption in Europe may have been the crux of the weakness. The United Kingdom may postpone the selection of the Bank of England's next governor until after Brexit, though Brexit itself remains up in the air. In Italy, Prime Minister Giuseppe Conte announced his resignation, simultaneously criticizing Deputy Prime Minister Matteo Salvini for calling for the no-confidence vote that led to his exit.Both cast a cloud of uncertainty over Europe, which was already struggling to maintain economic growth. * 10 Undervalued Stocks With Breakout Potential All told, the S&P 500 snapped a three-day win streak with its 0.53% setback on Tuesday. The Dow Jones Industrial Average wasn't quite as damaged, falling 0.37%, while the NASDAQ Composite ended the day 0.45% lower. Top News in the Stock Market TodayIt had little impact on shares, but it's a developing story that could matter more in the future. That is, on Tuesday, a string of personnel exits from the healthcare arm being developed by Apple (NASDAQ:AAPL) was thrust into the spotlight. The report named six key people who'd left the company in recent months, reportedly frustrated about the direction Apple's health business was moving. Some employees interviewed anonymously suggested tensions had been mounting for some time. The disruption calls into question how much traction Apple's health initiatives will garner in the foreseeable future.Walt Disney Company (NYSE:DIS) joined General Electric (NYSE:GE) as a recent accusee of misleading accounting, though in this case, the red flag is being waved by a former insider. Sandra Kuba, formerly a senior financial analyst with Disney that was terminated in 2017, suggested the entertainment giant had habitually reported more revenue than it had actually generated. Kuba went as far as to formally inform the Securities and Exchange Commission.Walt Disney denied the accusation, and given the small gain DIS stock mustered on an otherwise bearish day, investors aren't concerned.Investors are concerned about Sarepta Therapeutics (NASDAQ:SRPT), however, after the Food and Drug Administration responded to its most recent drug approval request with less than open arms. The FDA sent a so-called Complete Response Letter to Sarepta regarding concerns and questions it had about its Duchenne muscular dystrophy drug that's been in development for years.The letter is not a rejection, but it does suggest the FDA is so far unconvinced that the drug is worth greenlighting. SRPT stock fell more than 15% on the news. Big MoversDespite its clear capacity to put and keep itself in the spotlight, "meatless" meat company Beyond Meat (NASDAQ:BYND) hasn't impressed the analyst community. Until Tuesday, no analyst was willing to call the stock a "Buy" … that is, until today. JPMorgan analyst Ken Goldman upgraded BYND stock to that rating, explaining "We are encouraged that velocity -- sales per distribution point -- has been the primary driver of recent acceleration, as it suggests the products are catching on with consumers."The call pushed Beyond Meat shares up by more than 6%.It's not much of a household name, but for households that own a piece of electronics manufacturer Cemtrex (NASDAQ:CETX), that stake is worth 36% more today. Shares jumped nearly 30% in regular-hours action on Tuesday following an impressive second quarter report that saw an additional 6% advance in after-hours action. The promise of real profits within the next few quarters fanned the bullish flames.Not every big mover was necessarily a winner though. Madison Square Garden (NYSE:MSG) tumbled nearly 9% after the company's second-quarter bottom line fell short of estimates. Its new project in Las Vegas is proving costly but not fruitful.As of the time of this writing, James Brumley did not hold a position in any of the aforementioned securities. To learn more about James, visit his site at jamesbrumley.com, or follow him on twitter at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Stock Market Today: Beyond Meat Makes a Friend on Wall Street appeared first on InvestorPlace.
Faux-meat maker Beyond Meat might be OK to buy again, a JPMorgan analyst said, after a scorching IPO. The call sent the stock higher.
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.
Beyond Meat news for Tuesday about an upgrade for BYND stock has it on the rise today.Source: Sundry Photography / Shutterstock.com The upgrade for Beyond Meat (NASDAQ:BYND) comes from JPMorgan analyst Ken Goldman. A recent note from Goldman has him upgrading BYND stock from its previous rating of "Neutral" to a new rating of "Overweight."So what exactly is behind this change of tune from JPMorgan when it comes to BYND stock? There's actually a few reasons that Goldman believes make Beyond Meat worth its new "Neutral" rating.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFirst off, he notes that the company has seen its valuation improve as it gains new deals and sees earnings increase. He also says that data about the company suggest that it is performing well with customers. The analyst finally points out that there is still plenty of potential for it to strike deals with food companies, reports MarketsInsider.That last point is one that appears to be easy to see for just about anyone follow Beyond Meat news. The company's recent deals include its Beyond Burgers showing up in both Hello Fresh and Blue Apron (NYSE:APRN) meal kits. * 10 Undervalued Stocks With Breakout Potential There are also other partnerships with fast food chain's as well. Among these is one with Subway for a Meatless Meatball Marinara sub. It also has a deal with Restaurant Brands International's (NYSE:QSR) Tim Hortons for its Beyond Breakfast Sausage.BYND stock was up 5% as of noon Tuesday and is up 119% since its IPO back in May. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Beyond Meat News: Why BYND Stock Is Surging Today appeared first on InvestorPlace.
Beyond Meat shares have risen today. The stock rose more than 7% in early market trading. J.P. Morgan upgraded the stock to “overweight” from “neutral.”
Shares of plant-based food maker Beyond Meat Inc (NASDAQ: BYND ) have lost around 40% of their value since peaking at $239.71, and investors should buy the dip, according to JPMorgan. The Analyst Ken Goldman ...
Beyond Meat and Campbell Soup have something in common. No, certainly not their growth profiles. Both were upgraded on Tuesday by JPMorgan analyst Ken Goldman.
Beyond Meat Inc. stock jumped 7% in Tuesday premarket trading after the plant-based protein company was upgraded at JPMorgan on the potential for additional pilot testing of Beyond Meat products at large quick-service chains. Beyond Meat already has burgers at Restaurant Brands International Inc.'s Tim Hortons chain, Dunkin' Donuts , Aramark , and Uno on the roster. None of these sales are figured into the guidance. "We thus think the potential for sales to keep beating consensus estimates is legitimate," JPMorgan said. Sales have also accelerated, which implies that diners like the product. JPMorgan downgraded Beyond Meat on June 11 after shares soared, but since then analysts say the fundamentals have improved, there are new customers, raised guidance, and the stock fell after the secondary offering. JP Morgan also upgraded Campbell Soup Co. to neutral from underweight based on stock underperformance, turnaround potential, and the "achievable" forecasts. McCormick & Co Inc. was downgraded to underweight from neutral on valuation, the risk from Brexit, with nearly 5% of the company's sales in the U.K., and a potentially disappointing acquisition. Hain Celestial Group Inc. was also downgraded to underweight from neutral based on sales risk, the potential that divestitures won't raise the expected amount of cash, and also Brexit, as 38% of the company's sales are in the U.K., the most of any company JPMorgan covers. Beyond Meat stock is up nearly 68% for the past three months, Campbell Soup is up 11.5%, McCormick & Co is up 8.8% and Hain Celestial has fallen 6.5%. The S&P 500 index is up 3% for the past three months.
Partnership is effective September 1, 2019 CHICAGO , Aug. 20, 2019 /PRNewswire/ -- C.A. Fortune, a consumer products sales and marketing agency, today announced its newest client, Beyond Meat® (NASDAQ: ...
JPMorgan flipped in favour of Beyond Meat on Tuesday as analysts noted its plant-based burgers are “catching on with consumers” and awarded the company its lone bull rating on Wall Street. The stock now has one “buy” rating, seven “hold” ratings and one “sell” rating on Wall Street, according to Bloomberg data. Beyond Meat shares are up more than 500 per cent since their initial public offering in May, however a recent secondary offering unnerved investors.
Shares of the plant-based meat maker surge after analysts at J.P. Morgan upgrade their weighting on the stock, noting its shares are 'appealing once again' following a near-40% drop since the end of July.
Beyond Meat burgers are going to start showing up in Hello Fresh meal kits next month.Source: Sundry Photography / Shutterstock.com Customers at Hello Fresh can begin adding Beyond Meat's (NASDAQ:BYND) Beyond Burger to their orders and they will show up starting on Sept. 14. This means that customers that have an issue with eating real meat can substitute is for this plant-based protein.The first of the Beyond Meat burgers being added to the menu is the "Goudalicious Beyond Burger". This is a burger that comes with caramelized onion jam, mustard aioli and gouda cheese. It also comes with a side of potato wedges, reports Food Business News.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis change is specifically for U.S. customers of Hello Fresh. It comes after the meal-kit company has already been sending Beyond Meat products out to its Canadian customers for a few weeks now.Interestingly enough, Hello Fresh isn't the only meal-kit company that has a deal to offer Beyond Meat burgers on its menu. Another deal was announced last month that has Blue Apron (NYSE:APRN) adding the burgers to its meal kits. Those customers should start seeing their first meal kits with Beyond Meat burgers show up this week. * 10 Cheap Dividend Stocks to Load Up On It isn't just meal kits that are looking to add more Beyond Meat options to their menu. Another recent bit of news includes a deal with Subway. Earlier this month the company announced its new Beyond Meatball Marinara sub. This is a sub that is basically the same as the normal Meatball Marinara one, but uses Beyond Meat Meatballs instead of real ones. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy As of this writing, William White did not hold a position in any of the aforementioned securities.The post Beyond Meat Burgers Coming to Hello Fresh Meal Kits appeared first on InvestorPlace.
Plant-based protein company Beyond Meat Inc. and HelloFresh SE said Monday Beyond Burgers will become part of the meal kit business' Craft Burger collection. The first recipe will be Goudalicious Beyond Burgers with potato wedges and creamy mustard aioli, which will be available nationwide the week of September 14. The Beyond Burger launched on the Canadian HelloFresh menu in July. Beyond Meat stock has climbed 62% over the past three months, HelloFresh stock has gained 11.7%, and the S&P 500 index is up 1% for the period.
HelloFresh SE (HFG) - the leader in delivering delicious ingredients and easy-to-follow recipes to households worldwide, today announced the introduction of the Beyond Burger™ from Beyond Meat, a market leader in the plant-based meat category. Offered as part of HelloFresh’s premium Craft Burger collection, HelloFresh customers can now order the first recipe Goudalicious Beyond Burgers™ paired with Potato Wedges and Creamy Mustard Aioli, which will begin shipping to customers nationwide the week of September 14, 2019. “We are always looking to expand our menu offerings and provide customers with exciting, new recipe choices that appeal to a variety of palates and eating preferences,” said Marcel Comtois, Vice President of Procurement, HelloFresh US.