115.36 +1.40 (1.23%)
Pre-Market: 7:44AM EST
|Bid||114.50 x 1100|
|Ask||0.00 x 900|
|Day's Range||109.11 - 114.75|
|52 Week Range||45.00 - 239.71|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||107.05|
Pomerantz LLP announces that a class action lawsuit has been filed against Beyond Meat, Inc. (“Beyond Meat” or the “Company”) (BYND) and certain of its officers. The class action, filed in United States District Court for the Central District of California, and indexed under 20-cv-00963, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Beyond Meat securities between May 2, 2019 and January 27, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Global food and agricultural company Cargill says it will launch its own private-label brand of plant-based patties and ground beef in early April, taking on Beyond Meat and Impossible Foods.
Retailers will reveal more about the holiday-shopping season in the coming week, with the end of the earnings recession in sight.
The Minnesota-based company on Monday said that it would begin offering "fake meat" products in April, Reuters reported. Los Angeles-based Beyond Meat Inc. (NASDAQ: BYND) and privately-held Redwood City-based startup Impossible Foods dominate the market for meat alternatives in the United States. "We believe we're uniquely positioned to be very effective and efficient in the supply chain," managing director of Cargill's alternative protein team Elizabeth Gutschenritter said, according to Reuters.
Cargill Inc [CARG.UL] will launch plant-based hamburger patties and ground "fake meat" products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants. The entry of Cargill, one the world's largest privately held companies, in the market for imitation meat highlights the growing popularity of plant-based foods and expectations that consumers will continue to gobble up meat substitutes. The 155-year-old company presents new competition for startups Beyond Meat and privately held, Silicon Valley-based Impossible Foods.
NEW YORK, NY / ACCESSWIRE / February 23, 2020 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...
Bernstein Liebhard LLP announces that class action complaints have been filed on behalf of shareholders of OPRA, BYND, and WBK. If you wish to serve as lead plaintiff, you must move the court by the lead plaintiff deadlines listed below. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Investing.com - Our Senior Analyst Jesse Cohen gives us his top five things to know in financial markets in the week ahead, including:
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Beyond Meat, Inc. (NASDAQ: BYND) between May 2, 2019 and January 27, 2020, inclusive (the "Class Period") of the important March 30, 2020 lead plaintiff deadline in securities class action. The lawsuit seeks to recover damages for Beyond Meat investors under the federal securities laws.
NEW YORK, NY / ACCESSWIRE / February 21, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
Zhang Investor Law announces a securities class action lawsuit on behalf of shareholders who bought shares of Beyond Meat, Inc. (BYND) between May 2, 2019 and January 27, 2020, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than March 30, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
If volatility was a vegan patty, the Beyond Meat (BYND) offering would be selling by the truckload. Shares of the meat industry disruptor are up by 54% year-to-date. The wild ride continues last year’s action-packed performance; following its public listing in May, the stock surged by more than 420% to a high of $239.71 in July, before crashing all the way down to $73.6 in mid-December.The jury is still out on whether Beyond Meat really has what it takes to become a marquee name in the 2020s, as a number of questions regarding its road to long-term success still remain a moot point; Do consumers care enough about brand burgers? Are plant-based meat brands likely to become a thing? Can the new company withstand the increasing competition from other industry players? Are barriers to entry in plant-based meats more than trivial? All currently remain unanswered.Beyond Meat’s recovery from last year’s lows has been partly attributed to speculation of a possible partnership with either McDonald’s or KFC. The former gave BYND a small run-out in Canada last year, with the addition of a menu item titled the P.L.T. (plant, lettuce, and tomato). The experiment has been extended upon this year; McDonald’s have added the item to a further 52 restaurants, in turn fueling hopes it might make it a permanent addition to the fast food giant’s menu. Where the latter is concerned, a test for a Beyond Meat menu item called Beyond Fried Chicken recently expanded from a single restaurant in Atlanta to more than 60 locations in Charlotte, North Carolina, and Nashville, Tennessee. If a partnership with either materializes, there’s no need to explain the impact the news will have on the price action. There are a number of reasons why Oppenheimer’s Rupesh Parikh looks favorably upon the Beyond Meat brand. The 5-star analyst cites the company’s track record of innovation, longer-term prospects, and positioning as attractive. However, the recent gain and the company’s high stock valuation -- the forward price-to-earnings ratio is 283 – are currently keeping him on the sidelines.Parikh said, “Going forward, we expect a volatile trade to continue driven by potentially lumpy foodservice wins & losses and prospects for an increasingly competitive backdrop. On the print specifically, we have less conviction given seemingly high expectations of a potential US McDonald’s win but still very high short interest levels north of 40%. We continue to look very favorably upon BYND's longer-term prospects and would await a more attractive entry point.”Accordingly, Parikh maintains a Perform rating on BYND, without suggesting a price target. (To watch Parikh’s track record, click here) Bernstein’s Alexia Howard takes a similar view: “We continue to believe that Beyond Meat’s near-term sales growth potential in the U.S. is largely priced in at this point, however, there could be upside if Beyond Meat further expands its capacity and more meaningfully expands into international markets.”Howard maintains a Hold rating on the stock but has bumped up her price target from $106 to $117. (To watch Ellis’s track record, click here)Overall, sentiment on the Street indicates a cautious approach to the meat industry disruptor’s prospects; All 6 analysts tracked over the last 3 months recommend BYND as a Hold. The average price target comes in at $124.2 and indicates a modest upside of 5%. (See BYND stock analysis on TipRanks)
Back in September, I wrote about how the biggest problem with Beyond Meat (NASDAQ:BYND) stock is that the market was pricing in too much into the success story. At the time, the stock was trading at around $150. Since then, shares have dropped to around $70, but another surge in January has them back to the $126 level.Source: Shutterstock There is no question Beyond Meat has exceeded expectations. It is, in fact, a success story. But even success stories must be appropriately valued, and Beyond Meat stock is still priced well beyond perfection. Beyond Meat Stock Bubble"Stock market bubble" has a very negative connotation, and rightfully so. However, some of the best companies and markets are the ones that often find themselves in the middle of a bubble.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt's natural for stock bulls to push back when critics call a stock's meteoric rise a "bubble" because the insinuation is that the stock is not worth its share price. But just because a stock isn't worth its current share price doesn't mean it's not valuable. * 7 Lessons Businesses Can Learn From the Girl Scouts Back on July 30, 2019, former hedge fund manager Whitney Tilson said Beyond Meat stock was an "obvious bubble." At the time, he predicted the stock price would drop from above $200 to below $100. Within three months, the stock hit his target.Tilson's friend and Valens Securities CIO Joel Litman recently took a second look at Beyond Meat stock after its January rally."As competitors continue to muscle in on the plant-based burger space, it will be hard for Beyond Meat to charge large premiums for its products… which the company will need to do to justify its current valuations," Litman said. The NumbersLitman isn't the only one taking a second look at Beyond Meat stock following its recent rally. Piper Sandler analyst Michael Lavery says Beyond Meat is undoubtedly the early leader in a massive emerging market for plant-based meat products. Unfortunately, the numbers on Beyond Meat just don't add up at this point.Beyond Meat currently has a market cap of more than $7.7 billion. Lavery projects the global plant-based meat market will grow rapidly over the next several years to reach between $6 billion and $8 billion by 2025. In other words, based on Lavery's projections, Beyond Meat is currently valued greater than the entire global market for plant-based meat five years from now.One of the big drivers of Beyond Meat's January rally was news that partner McDonald's (NYSE:MCD) is expanding its PLT burger test to more locations. Once again, nobody is questioning the fact that McDonald's is a major opportunity for Beyond Meat. But the stock added $3.1 billion to its market cap in January. Remember that number."Looking ahead, we expect further distribution gains to drive growth and estimate McDonald's could be a $100M annual opportunity in the US (~$150M globally)," Lavery said.Let's say the PLT is a huge hit for McDonald's. How many years would it take to justify the $3.1 billion in market cap Beyond Meat added?"We see a long runway of growth in the plant-based meat space, but we believe Beyond's valuation has already priced in expected upside from McDonald's distribution," said Levery.Piper Sandler has a "neutral" rating and $115 price target for Beyond Meat stock. The RisksThere are two major problems with stocks like Beyond Meat. The first problem is that, even if you assume the absolute best-case scenario, the stock is fully priced. In other words, assuming a bull-case scenario for the McDonald's partnership, Piper Sandler estimates Beyond Meat is already trading at more than 10 times 2021 revenue projections. Where is the upside?The other major red flag is the fact that the best-case scenario very rarely ends up actually happening.Piper Sandler conducted a survey of 3,500 U.S. adults and asked them if they consume plant-based meats. The problem isn't the number of respondents that haven't. The problem is the 62% of respondents who answered, "No, and I am not interested in it."In other words, Beyond Meat's biggest risk may simply be demand.In the same survey, 60% of respondents said they are more interested in a new chicken sandwich than a meatless burger. At least for now, it seems chicken is the preferred option compared to plant-based burgers.Either way, Beyond Meat investors are in a difficult situation. Assume the best-case scenario plays out over the next few years. Beyond Meat's business may eventually grow into its current valuation. But that would mean little upside from its current share price.If, however, the plant-based meat boom runs into some difficulties along the way, there is some major downside potential.Wayne Duggan has been a U.S. News & World Report Investing contributor since 2016 and is a staff writer at Benzinga, where he has written more than 7,000 articles. Mr. Duggan is the author of the book "Beating Wall Street With Common Sense," which focuses on investing psychology and practical strategies to outperform the stock market. As of this writing, Wayne Duggan does not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 * 5 Tech Stocks Vying to Win the AR/VR Race * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Beyond Meat Stock Already Priced for Perfection appeared first on InvestorPlace.
NEW YORK, NY / ACCESSWIRE / February 20, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered ...
Buying the right stocks at the right time is key to investing. Check out Amazon, Domino's Pizza, TransDigm, UnitedHealth and gold miner ETF GDX.
Pomerantz LLP announces that a class action lawsuit has been filed against Beyond Meat, Inc. ("Beyond Meat" or the "Company") (NASDAQ: BYND) and certain of its officers. The class action, filed in United States District Court for the Central District of California, and indexed under 20-cv-00963, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise acquired Beyond Meat securities between May 2, 2019 and January 27, 2020, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
NEW YORK, NY / ACCESSWIRE / February 20, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
NEW YORK, Feb. 19, 2020 -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Beyond Meat,.
NEW YORK, NY / ACCESSWIRE / February 19, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered ...
Pawar Law Group announces that a class action lawsuit on behalf of shareholders who purchased shares of Beyond Meat, Inc. (BYND) from May 2, 2019 through January 27, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Beyond Meat, Inc. investors under the federal securities laws. A class action lawsuit has already been filed.
(Bloomberg) -- Blue Apron Holdings Inc., which kicked off the meal-kit-by-mail fad, is evaluating options to rekindle the business, including raising additional capital or selling assets, as it struggles to find new customers or profit.The company reported a loss per share for the fourth quarter of $1.66, which was wider than an average of analysts’ estimates compiled by Bloomberg. The company is pushing forward with a previously disclosed plan to close a facility in Arlington, Texas.When it went public in 2017, Blue Apron was one of the most promising consumer technology upstarts in New York. Its trajectory quickly turned, and the onetime unicorn startup now has a market value of less than $50 million. Its stock was down about 21% during trading Wednesday afternoon.Blue Apron outlined a plan in August to turn around its fortunes and return to growth. The company is focusing on selling meal kits, which contain recipes and packaged ingredients delivered to the home, to customers who are more affluent or more likely to make frequent orders, among other characteristics. It also aims to offer increased menu choices and last year began carrying products from Beyond Meat Inc., the high-profile maker of imitation meat.But investors aren’t convinced, and Blue Apron’s stock has continued to decline. Linda Kozlowski, the chief executive officer, warned in an interview Tuesday that the process to raise money or sell may not pan out.“We can’t promise that strategic options will actually happen,” Kozlowski said. “When we refer back to the August growth plan, we feel we have the right strategy. We’re already seeing progress on the products side, but we do feel that we require investment in order to really drive the strategy.”(Updates with stock price and details on corporate strategy starting in the third paragraph.)To contact the reporter on this story: Nikitha Sattiraju in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Mark Milian at email@example.com, Andrew PollackFor 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.
NEW YORK, NY / ACCESSWIRE / February 19, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly traded companies. Shareholders ...
Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Geron Corporation (GERN), Opera Limited (OPRA), Beyond Meat, Inc. (BYND), and Westpac Banking Corporation (WBK). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.