120.69 -1.71 (-1.40%)
After hours: 6:47PM EST
|Bid||120.89 x 1800|
|Ask||122.48 x 800|
|Day's Range||119.01 - 134.70|
|52 Week Range||45.00 - 239.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||105.84|
Beyond Meat dropped after news of slowing sales for top rival Impossible Foods raised fears of weaker demand for fake meat overall.
The company's largest funding round to date included participation from Richard Branson, Bill Gates and Kimbal Musk, the brother of the Tesla CEO.
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It can be said that value is in the eye of the beholder, but there probably isn't a practical universe in which Beyond Meat (NASDAQ: BYND ) stock is considered value fare. Value stocks typically don't ...
Continued focus on expanding customer base and production facility along with solid demand is likely to have aided Beyond Meat's (BYND) performance in fourth-quarter 2019.
Beyond Meat Inc.'s (NASDAQ: BYND) shares continued their surge on Tuesday as Starbucks Corporation (NASDAQ: SBUX) said it would expand into more plant-based options to reduce its carbon impact. Johnson said that Starbucks would seek a 50% cut in carbon emissions from its direct operations and supply chain.
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Beyond Meat Inc. stock jumped 15% in Tuesday trading after news from Starbucks Corp. Chief Executive Kevin Johnson that the coffee giant aims to add more plant-based items to its menu. Starbucks stock is nearly unchanged in early trading. Beyond Meat is currently in testing mode with another restaurant giant, McDonald's Corp. , and just announced a supply agreement with pea-protein producer Roquette, which the company said will aid in further scaling of the business. Beyond Meat stock is up 13.6% over the last three months while the S&P 500 index is up 10.7% for the period.
(Bloomberg) -- Starbucks Corp., the world’s biggest coffee-shop chain, is looking into meat alternatives to rev up its breakfast menu, and that caught the attention of Beyond Meat Inc. investors.Seattle-based Starbucks said in an email to Bloomberg News that it’s “exploring meat alternatives” for its breakfast menu, but declined to comment on specific partnerships or brands. Major restaurants have raced to include faux meat as consumers warm to plant-based products that have the look and feel of meat.Beyond Meat shares jumped as much as 14% to $124.82 on Tuesday. Rupesh Parikh, an analyst at Oppenheimer, said the Starbucks announcement illustrates how the market for faux-meat products continues to grow.“It shows how the trend continues to go mainstream,” Parikh said in an email. “Beyond likely has a chance at selling products at Starbucks.”Beyond Meat has already partnered with McDonald’s Corp. for testing in Canada. The company’s imitation beef and sausage products are becoming increasingly widespread in North American restaurants.Starbucks, meanwhile, has been adding dairy alternatives to its beverage menu, with the recent addition of oat milk at about 1,300 of its 14,000 U.S. locations. The company has also tried to add more healthy options to its menu in recent years in addition to high-calorie breakfast pastries. That’s included cauliflower-tabbouleh salads and almond-butter sandwiches.Starbucks also announced Tuesday that it’s trying to reduce its carbon footprint by curbing emissions, water usage and waste. The company’s shares fell less than 1% in New York trading on Tuesday.To contact the reporters on this story: Leslie Patton in Chicago at firstname.lastname@example.org;Andres Guerra Luz in New York at email@example.comTo contact the editors responsible for this story: Sally Bakewell at firstname.lastname@example.org, Jonathan Roeder, Lisa WolfsonFor 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.
Starbucks Corp. Chief Executive Kevin Johnson said Tuesday that the coffee purveyor will add plant-based menu options as part of an expanded sustainability commitment. "Our aspiration is to become resource positive - storing more carbon than we emit, eliminating waste, and providing more clean freshwater than we use," Johnson wrote in a message posted on the Starbucks site. The new food items are an effort to create a more environmentally-friendly menu. The company will also shift to reusable packaging, invest in innovative agricultural practices and forest conservation efforts, better manage waste and create more eco-friendly stores. Preliminary targets for 2030 are to cut carbon emissions by half in both the company's operations and supply chain; halve water usage for operations and coffee production; and halve the amount of waste sent to landfills. Beyond Meat Inc. shares gained 3% in Tuesday premarket trading. Starbucks stock has rallied 44.7% over the past year while the S&P 500 index has gained 24.7% for the period.
The decision to use more plant-based meat alternatives was the first of five strategies Starbucks CEO Kevin Johnson outlined as part of the coffee chain's just unveiled campaign to become 'a resource-positive company.'
Timely calls on gold miners and robotics stocks, and skeptical takes on ride-hailing apps and fake meat, helped Barron’s writers beat the market in 2019. Stocks that were the subject of bullish articles returned 14.1%, on average, through the end of the year, against a 12.7% gain for the benchmarks. It was the first year since 2016 that our bullish picks outpaced their benchmarks.
Credit Suisse analyst Robert Moskow increased the price target for Beyond Meat stock to $125 from $115, but maintained a Hold rating. Beyond Meat’s execution in expanding production capacity has been solid, but concerns remain.
Yahoo Finance speaks exclusively with Wingstop CEO Charlie Morrison fresh off the company's first-ever investor day.
(Bloomberg) -- Nestle SA is introducing faux sausages to its meat-substitute lineup as competition for imitation meat spreads beyond burgers.The KitKat maker will start selling a pea protein-based sausage in the U.S. and a soy-based version in Europe this spring, the company said.The Swiss food giant joins rivals Impossible Foods Inc. and Beyond Meat Inc. in a race to offer plant-based meat alternatives after demand for vegan burgers exploded.“The burger was what you would call in the tech industry the killer app -- it got the whole plant-based trend running,” Chief Executive Officer Mark Schneider said at a media event in Zurich on Thursday. “But it’s not enough to just have a burger.”Nestle is also developing plant-based tuna for its first fish substitute, Chief Technology Officer Stefan Palzer said. The tuna product could be added to pizza, sushi or served as a patty, he added.The company already has a range of meat alternatives on the market, including grounds, nuggets and schnitzels. Grounds could be a bigger opportunity than burgers in Europe, Schneider said.While Impossible Foods and Beyond Meat’s products got picked up by restaurants and fast-food chains like Burger King and racing-driver Lewis Hamilton’s new Neat Burger chain, Nestle’s tie-up with McDonald’s is so far limited to Germany. But the Swiss food giant has the advantage of a vast distribution network, which means it can easily roll out new products across supermarkets.“There’s an overall opportunity in both in-home and out-of-home, and we’re committed to playing ball,” Schneider said. “In this space, we play to win.”To contact the reporter on this story: Corinne Gretler in Zurich at email@example.comTo contact the editors responsible for this story: Eric Pfanner at firstname.lastname@example.org, Jonathan RoederFor 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.
Beyond Meat Inc's (NASDAQ: BYND ) stock has downside potential of more than 30%, Wells Fargo analyst John Baumgartner said Thursday in a CNBC interview . Beyond Meat's stock recently moved north of $100 ...
The Zacks Analyst Blog Highlights: Beyond Meat, UBS, Walmart, Restaurant Brands International and Conagra Brands
Burger King's promotion of two items for $6 will now include its plant-based Impossible Whopper sandwich. The Restaurant Brands International Inc (NYSE: QSR) chain said the inclusion in the "2 for $6" will be available for a limited time at participating restaurants. The sandwich consists of a flame-grilled plant-based patty with all the familiar toppings included in a regular Whopper.
Burger King said Thursday it is adding the Impossible Whopper, a burger made with plant-based meat substitute, to its 2 for $6 lineup. The fast-food chain, owned by Restaurant Brands International Inc. , said the offer will be available for a limited time and will include the plant-based meat substitute spicy crispy chicken, crispy chicken and whopper sandwiches. Impossible Foods is a direct competitor of Beyond Meat Inc. , which has been on a tear lately with its stock gaining 41% in the last three months. Burger King first started to offer the Impossible Whopper from Impossible Foods Inc. last year after an initial test in St. Louis and six other U.S. markets. Restaurant Brands shares were not active premarket, but have gained 11% in the last 12 months, while the S&P 500 s[: spx] has gained 26%.
—to cover potential fines and legal settlements. The expense chipped 13% off Goldman’s net income for 2019, which it released on Wednesday morning. On Tuesday, JPMorgan had announced a blockbuster 2019—the bank hit new records on both revenue and net income.
2019 brought the fake meat trade front and center. What's next in the food space? AccelFoods is an early-stage venture fund investing in consumer products, including, high-quality food and beverage companies. Jordan Gaspar, Managing Partner at AccelFoods, joined The Final Round to discuss.
Good Catch creates products that mimic tuna and just raised over $32 million in its series b funding round, with backing from 301 Inc., the venture arm of General Mills. Gathered Foods CEO & Co-Founder Chris Kerr, joins Yahoo Finance's Zack Guzman and Brian Cheung along with Former Netflix CEO and Co-founder, Marc Randolph, to discuss the brand and the future of alternative protein.