88.00 +1.91 (2.22%)
Pre-Market: 8:48AM EDT
|Bid||87.55 x 1000|
|Ask||87.65 x 1100|
|Day's Range||83.13 - 90.96|
|52 Week Range||45.00 - 96.79|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.00|
Investors in Tyson Foods and Smithfield Foods parent WH Group should be worried about the conversations these meatless burgers are starting.
As alternative meats proliferate in the U.S., consumers can begin comparison-shopping. Being choosy allows people to pick their favorite brands — and it can help investors can pick their favorite stocks.
A 30-year-old stock analyst, he plies his trade in Kazakhstan, where he advises investors about local companies and initial public offerings in the U.S. Beyond Meat, after all, is the hottest IPO the U.S. market has seen in more than a decade, having more than tripled since its May 1 debut. Back in 2012, Abdikarimov came out with an aggressively bearish call on Facebook Inc. before its IPO, setting the lowest target of anyone surveyed by Bloomberg, and issuing a sell recommendation after shares started trading.
EL SEGUNDO, Calif., May 20, 2019 -- Beyond Meat, Inc. (Nasdaq: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today announced that its Board of Directors.
Back in January, The National Restaurant Association released its annual list of top trends in the restaurant and food industry. Drink companies are looking to get in on the cannabis craze, with companies looking at possibilities for adding the substance to everything from beer to spirits to water. Research from ArcView says the cannabis edibles market will hit $4.1 billion by 2022, and some of that surely will be in restaurants, because who wants to cook?
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Beyond Meat, Inc. (BYND) and its recent IPO that has seen it destroy Uber (UBER) and Lyft (LYFT).
Little Caesars will use meatless sausages made by Impossible Foods in some of its pizzas, making it the latest food chain to tap into growing demand for plant-based alternatives to meat. Plant-based substitutes have been gaining popularity with more people opting for vegan or vegetarian diets, and companies like Beyond Meat Inc and Impossible Foods are fighting to get a share of the pie by launching new products in North America. Little Caesars said it would offer Impossible supreme pizza, in three test markets, including Florida, New Mexico and Washington state.
Beyond Meat BYND is burning red hot since its market debut earlier this month. The alternative-meat producer has roared 260% higher since its May 2 IPO, far better than other recent floats from Pinterest PINS , Levi Strauss LEVI , Lyft LYFT and Uber UBER . Alexia Howard, senior research analyst at Bernstein, is one of the few to cover the stock and says the bullish case is clear in the consumer demand.
EL SEGUNDO, Calif., May 20, 2019 -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat”), a leader in plant-based meat, announced today it will report results for the first quarter.
Stock futures fell as China trade news hit tech firms. Microsoft, recent IPO Beyond Meat, Adobe, Workday and Hubspot are in buy range.
OK, I’ve been a vegetarian for about five years. Some of my vegetarian friends insist they really like Beyond Burgers. The stock has nearly quadrupled since the Beyond Meat IPO was priced at $25 on May 1, jumping another $6 to $92.92 on Thursday.
ended lower Friday afternoon after famed short-seller Andrew Left's Citron Research slammed the stock in a tweet, calling it "Beyond Stupid." Citron argued that the company, which makes meat alternatives, deserves to drop some 30% from Thursday's close to just $65 a share. Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.
Beyond Meat, the company created by vegan Ethan Brown in 2009, has gone public to raise the money it needs to grow its line of plant-based meats.
Uber Technologies and Beyond Meat are among new IPOs with interesting stock charts. But Pinterest and Lyft show why you shouldn't buy IPO stocks right away. Here's how to handle them.
With China poised to cull a third of its pig herd due to African swine fever, a Hong Kong-based entrepreneur is hoping to step into the gap with a plant-based pork product he hopes will replicate the success of Beyond Meat and Impossible Foods. David Yeung, founder of Hong Kong-based Right Treat, said he developed Omnipork from peas, soy and mushroom proteins to provide Asian chefs with a more environmentally friendly alternative to pork and now plans to launch it in China. “When Asian consumers go to the wet market or supermarket to buy meat, they turn it into their own dish — it is not a finished product,” Mr Yeung said, unlike some western ready-to-eat meat alternatives such as burgers or sausages.
Beyond Meat has become "Beyond Stupid," Citron Research said, arguing the stock would come back to earth once investors digest earnings.
Citron Research chief and noted short seller Andrew Left says he's short Beyond Meat. Beyond Meat "has become Beyond Stupid," Citron Research said in a tweet. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high.
One big difference between this decade and the 1990s dot-com boom is that the swells are making the big profits and the small investors are just getting trickled on. Risky IPOs seem to be increasing.Source: Shutterstock This was never truer than in the recent Uber (NASDAQ:UBER) IPO. Beyonce Knowles, who took a $6 million fee for an Uber corporate event in stock three years ago, had $300 million, despite the IPO's failure to achieve lift-off.Meanwhile, unless they took me seriously and shorted the thing, small Uber investors remain under water. The shares were due to trade May 16 at about $41.40, still below the $43 they were offered at. The stock chart of rival Lyft (NASDAQ:LYFT) remains a ski jump, the shares trading almost $25 below its first trade.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 6 Chinese Stocks That Could Pop On a Trade Deal The question now is whether this "Uber Effect," as I'm calling it, will cause other unicorn IPOs to be "down rounds." Risky IPOs Are Part of the DealA lot depends on whether investors can see the unicorns making a profit.WeWork, which filed its S-1 under seal in December, calls its $264 million loss during the first quarter, on $728 million in revenue, "investments." If you buy that I have a bridge over the East River to sell you. WeWork had "investments" (losses) of $1.9 billion last year. At its present rate it will lose another billion this year.Not all this year's risky IPOs have been failures. Zoom Video Communications (NASDAQ:ZM) literally zoomed out of the box after its IPO, up 28% from its first trade. It opened May 16 with a market cap of $20.6 billion.Zoom is a web conference service, something that's been around for decades. What made Zoom a caviar dream and Uber a pile of fish eggs? Profit! Its S-1 showed that Zoom made $7.584 million, 3 cents per share, for the fiscal year ending in January, on revenue of $330 million, double the figure of the previous year.Not all successful IPOs make such plain good sense.Beyond Meat (NASDAQ:BYND) has jumped 30% from its IPO on May 3, despite reporting a net loss of $4.75 per share for 2018. People may be confusing it with Impossible Meat, still privately held, whose non-meat patty got rave reviews from Burger King, a unit of Restaurant Brands International (NYSE:QSR), which itself is up 27% so far this year.Uber and Lyft have always been contradictions, taxi companies whose profit promise was based on getting rid of the drivers. The idea is that the data from the cab rides would let them dominate the rental of autonomous vehicles when they finally arrive. The Bottom Line on Risky IPOsThe IPO calendar is crowded with unicorns whose investors want to cash out. These include Luckin Coffee (NASDAQ:LK), the Chinese coffee chain and three biotechs -- Peloton Therapeutics (NASDAQ:PLTX) Ideaya Biosciences (NASDAQ:IDYA), and Bicycle Therapeutics (NASDAQ:BCYC).Coming up behind them are data-mining company Palantir, backed by German-born Trump fan Peter Thiel, Pinterest, the web site as clipboard metaphor, workplace messaging company Slack, and Robinhood, a mobile-first brokerage that failed to become a bank last year.In all these cases, my advice is the same. Read the S-1 carefully. Ask if the company is making money and, if not, when it will. Pretend you're a skeptical banker, not a hungry speculator.Because in all these cases, that's what you are. The speculators are the ones looking to sell their stock. The fast profit they're looking for is your money.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in QSR. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post First Lyft Then Uber, Risky IPOs Just Are the Order of the Day Now appeared first on InvestorPlace.
Chicago startup Tovala, maker of a smart countertop oven and meal delivery service, has a new partnership with Beyond Meat where customers will now have the option to cook plant-based meals in their Tovala ovens. Tovala announced Thursday that it will begin offering Beyond Meat meals starting in June. The startup’s professional chefs will incorporate the plant-based protein in several new menu options that customers can choose from, including green chili with Beyond Beef crumbles and Italian sausage & eggplant pasta with Beyond Beef Italian sausage crumbles.
In fact, Credit Suisse this past week pounded the table on one veteran of the beef, pork, and chicken trade. Rival Impossible Foods said this past week that it secured a fifth round of funding, valuing it at $2 billion—but that it’s in no hurry to go public. Both companies have celebrity investors: Bill Gates owns a taste of each.
Investing.com - Noted short-selling firm Citron Research called red-hot stock Beyond Meat’s valuation “Beyond Stupid” in a Tweet Friday.
Equiteq CEO David Jorgenson joins Yahoo Finance's Adam Shapiro, Julie Hyman, and Brian Sozzi to explain why tech companies should be paying close attention to the cybersecurity index.
Beyond Meat stock is under pressure after its meteoric rise. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss.
Bernstein's Alexia Howard on whether Beyond Meat is on a path to dominate? With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Guy Adami.