|Bid||57.16 x 1200|
|Ask||57.30 x 1100|
|Day's Range||56.68 - 57.44|
|52 Week Range||35.71 - 59.44|
|Beta (5Y Monthly)||1.23|
|PE Ratio (TTM)||22.76|
|Earnings Date||Jun 24, 2020 - Jun 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 29, 2018|
|1y Target Est||39.33|
Former Fidelity National Information Services Chief Executive Frank Martire is preparing to seek around $375 million in a U.S. initial public offering for a new acquisition company, a person familiar with the matter said on Friday. Martire is leading the special purpose acquisition company (SPAC) alongside insurance industry veteran William Foley, the source said, requesting anonymity to discuss the deal. It will be the latest SPAC listing, which has emerged in recent weeks as the most active corner of the U.S. IPO market as market volatility has delayed listings by other companies.
If you're interested in National Beverage Corp. (NASDAQ:FIZZ), then you might want to consider its beta (a measure of...
For quite some time, I've expressed skepticism toward plant-based meat producer Beyond Meat (NASDAQ:BYND). Primarily, I can summarize the enthusiasm in one word: fad. Most recently, we saw the dramatic rise and subsequent fall of National Beverage (NASDAQ:FIZZ), which attempted to capitalize on the ephemeral sparkling water craze. But the difference is that unlike BYND stock, FIZZ never encountered an economically devastating pandemic during its glory days. So, will the novel coronavirus change the narrative for fake meat?Source: Sundry Photography / Shutterstock.com On the surface, it seems as if Beyond Meat received a much-needed lifeline. Recently, traditional meat-processing companies raised the alarm, suggesting that the pandemic's disruption to critical supply chains will translate to animal-protein-based food shortages. As we saw with toilet paper when the initial panic struck, just hearing about shortages for any core product will drive folks into a frenzy.If that were to happen with meat, only the early-bird shoppers will be satisfied. Everyone else will be left with no alternatives, except for one glaring option: plant-based meat. Based on this implication, BYND stock enjoyed a tremendously positive month of April.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFurthermore, Beyond Meat isn't what you would call an alien concept. The company has made an aggressive push toward inking deals with high-profile fast-food chains, such as McDonald's (NYSE:MCD), Dunkin Brands (NASDAQ:DNKN) and Starbucks (NASDAQ:SBUX). It has also made substantial overtures to grocery chains. * 7 Fundamentally Solid Dividend Stocks to Buy Some people swear by the product. Certainly, momentum at fast-food chains suggest that consumers are at least willing to give fake meat a shot. For those that the company hasn't reached, the pandemic -- along with the meat shortage -- represent a perfect opportunity.Nevertheless, I still wouldn't put BYND stock in your portfolio. BYND Stock Is in the Same Boat as Its RivalsFirst, let me address a somewhat overlooked factor: alternative meat is not universally loved. If anything, it's an acquired taste. Plus, the chemicals involved to give plant-based materials its meaty texture may not suit everyone's digestive system.Second, President Trump recently declared meat-processing plants "critical infrastructure." While this announcement may not resolve all issues surrounding the meat-based food supply chains, it demonstrates that the federal government will do everything it can to prevent catastrophic shortages.But one of the biggest reasons why I'm skeptical about BYND stock is that its supporters are pretending that the headwinds that impact traditional meat will exempt the alternative meat industry. In reality, they're both sitting in the same boat.While the supply chain disruption has many components, a key driver to the meat shortages is demand. Shortly after Covid-19 raged across the nation, most states elected to impose stay-at-home orders. That one move immediately crippled the restaurant industry. Although many states allowed restaurants to switch to a food-delivery model, that failed to significantly mitigate the pain.Additionally, with nothing to do, most consumers have elected to do their own shopping. Obviously, it's cheaper -- especially during a time of economic turmoil -- and it helps kill the time.Unfortunately, this hard transition cut meat demand from restaurants, helping to cause the meat shortage we're suffering now. But the hit to restaurants is also a hit to BYND stock. In their most recent earnings report, management disclosed that restaurants and food service outlets represented 59% of Beyond Meat's quarterly revenue.In other words, whatever lookie-loo demand they get from grocery shoppers will not make up for the losses they're seeing from the headwinds supposedly creating their opportunity. A Classic Bull TrapThis is another reason why I call BYND stock a fad investment: Beyond bulls are only thinking one-dimensionally. If anything, the coronavirus is a bigger disruption to alternative meat companies as opposed to their traditional counterparts.That's because real meat producers don't need to justify their existence. Humans have been eating animal protein since their inception. More than likely, we'll continue to do so for another millennia. What does need justification is the concept of eating chemicals that resemble the look, taste and feel of the real thing.Yes, you can make the argument that Beyond has been successful in communicating that message. However, that communication was not cheap. In order to reap the rewards from that marketing risk, BYND desperately needed a normal market environment. Unfortunately, they don't have it.Instead, what they're left with right now are counterfeit products at premium prices. Ironically, because the plant-based supply chain isn't fully fleshed out, Beyond Meat products are priced much higher than their real counterparts.Put another way, Beyond lacks the scale to compete effectively. Once supply chains normalize for all food products, BYND stock has a chance. But by then, the traditional meat producers will presumably be back to full capacity.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * America's 1 Stock Picker Reveals Next 1,000% Winner * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * The 1 Stock All Retirees Must Own The post Beyond Meat Stock Is a Classic Bull Trap appeared first on InvestorPlace.
National Beverage (NASDAQ:FIZZ) shares have had a really impressive month, gaining 32%, after some slippage. But that...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Today we'll look at National Beverage Corp. (NASDAQ:FIZZ) and reflect on its potential as an investment. Specifically...
National Beverage Corp. (NASDAQ: FIZZ) today announced progress of its recently adopted ‘Stimulus’ action plan and released financial results for its third quarter ended January 25, 2020:
National Beverage Corp. (NASDAQ: FIZZ) announces its two new naturally-essenced flavors of LaCroix – the enticing savor of LimonCello and the refreshing taste of Pastèque (French for watermelon) – will hit store shelves nationwide this spring. These innovative new varieties join the LaCroix family of 27 refreshingly innocent flavors.
A lawsuit alleging that LaCroix used synthetic ingredients in its products has been withdrawn, and those claims retracted. Plantation-based National Beverage Corp., the parent company (Nasdaq: FIZZ) of flavored sparkling water beverage LaCroix, was sued on behalf of Lenora Rice by Chicago-based law firm Beaumont Costales in October 2018. In the original complaint, the plaintiff claimed LaCroix used ingredients that the Food and Drug Administration (FDA) identified as synthetic even though its products are marketed as "all natural." The suit was dismissed with prejudice on Tuesday.
In 1985 Nick Caporella was appointed CEO of National Beverage Corp. (NASDAQ:FIZZ). First, this article will compare...
BERLIN/VEVEY, Switzerland, Feb 4 (Reuters) - A German firm backed by bottled water giant Danone plans to launch a sparkling-water machine for the home early next year, its chief executive told Reuters, squarely taking aim at PepsiCo's SodaStream. Nestle, the bottled water market leader, is also considering a machine for the home with filters, flavours and fizz that would be a smaller version of its Refill+ dispensers being rolled out in cafeterias, hotels and offices this year.
In this article we are going to estimate the intrinsic value of National Beverage Corp. (NASDAQ:FIZZ) by taking the...
When it comes to Lyft (NASDAQ:LYFT), I'm on the fence. While I like the idea that Uber (NYSE:UBER) has a major competitor in North America to keep prices low, it's terrible if you want to make money off Lyft stock.Source: Roman Tiraspolsky / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn December, I stated that Lyft's pathway to profitability is best achieved by raising prices. This wasn't an original idea, mind you. It came from Barclays Capital's analysis of ride-hailing trips in New York City. Although this theory provided a glimmer of hope, I wanted nothing to do with it or Uber. The fact analysts have been reasonably positive about both stocks in 2020, be damned. What's There to Like About Lyft Stock?First, I often repeat the wise words of Canadian billionaire money manager Stephen Jarislowsky in my articles about recent IPOs because they are spot on."New issues are typically well promoted," wrote Jarislowsky in his 2005 book, The Investment Zoo. "My experience is that you can buy nine out of 10 new issues at a lower price a year or two later … I generally avoid new issues…."Here we sit, 10 months after Lyft's IPO, and its stock price is down 40% through Jan. 16. That provides interested investors with a much cheaper entry point.A second point to make is that even analysts such as Bernstein's Mark Shmulik, who's got a target price of $48 on Lyft stock (it's at $47 as I write this), admits Lyft's got some things going for it. "The good news is that they operate in a market that appears to be rationalizing, which helps drive bottom-line margin improvement" Shmulik wrote in a Jan. 8 note to clients. "… Our revenue forecast remains steady at 26% Y/Y in-line with consensus."Finally, InvestorPlace's Brad Moon recently stated that out of 37 analysts, 23 rate Lyft a buy with a median target price of $70, providing investors with potential upside of 49%. In a year in which many experts expect the markets to tread water, an almost 50% return is very enticing. However, with profitability not expected until at least 2021, Lyft has got to execute at a very high level. I don't see that the risks are worth it. Instead, I would argue that if you did a screen of U.S. stocks with a market capitalization of $2 billion or higher, my guess is that those trading directly above and below Lyft stock in terms of share price would present a better investment opportunity. This time next year, I'll be sure to let readers know if I was right. This Drink Maker Had a Tough 2019National Beverage (NASDAQ:FIZZ), the maker of LaCroix sparkling water, lost almost 30% of its value in 2019. It now trades for about a third of its all-time high hit in September 2017.First, here's the good news. On Dec. 6, National Beverage reported second-quarter adjusted earnings per share of 70 cents, 2 cents higher than the consensus estimate. FIZZ stock gained 12% on the news. The company noted that its November orders were ahead of the same period a year earlier. And its new Hi-Biscus flavor for LaCroix drink was flying off the shelves. The bad news is that the company got hit with a lawsuit last June that alleged LaCroix sparkling water isn't nearly as good for you as the company claims. It's because of this lawsuit and PepsiCo's (NASDAQ:PEP) commitment to spend more on Bubly, its sparkling water brand, that investors are lining up to short its stock.If I had to bet my last $5, I'd probably go with FIZZ because it makes money. The Tree House RocksThe stock directly below Lyft on my screen is TreeHouse Foods (NYSE:THS), a leading manufacturer of private-label packaged foods and beverages. It might not be a glamorous business, but it helps keep grocery-store brands on the shelves. On Jan. 13, TreeHouse announced that its deal to sell its ready-to-eat cereal business to Post Holdings (NYSE:POST) was terminated due to opposition from the Federal Trade Commission. As a result, the company will put the business up for sale once more, looking for a buyer that's not already heavily involved in the RTE cereal business. Going back to the drawing board is never a good thing. But that's business. Eventually, TreeHouse will find a suitable buyer. In the meantime, it expects to generate revenues and adjusted earnings from continuing operations in 2019 of $4.3 billion and $2.30 a share, respectively. Down 20% over the past 52 weeks, TreeHouse's valuation is cheaper than it's been in five years. It's not risk free, mind you, but it won't be nearly as volatile as Lyft in 2020.Ultimately, both of these alternatives aren't nearly as sexy as Lyft stock -- but who cares? All you should care about is making money over the long haul.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Forget Lyft, Buy These 2 Stocks Instead appeared first on InvestorPlace.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
It's obvious in retrospect that Beyond Meat (NASDAQ:BYND) stock was in a bubble after its initial public offering. Indeed, it was obvious at the time. BYND stock, almost unbelievably, gained over 800% from its IPO price of $25 in less than three months on the public markets.Source: calimedia / Shutterstock.com Since that peak, the story has been very different: Beyond Meat stock now has declined some 69% from those highs. Monday's close of $73.60 represents the lowest end-of-session price for BYND since May 13, its eighth session of public trading. * 5 Large-Cap Dividend Stocks to Buy Even after the pullback, Beyond Meat stock isn't cheap. That said, the story here is better than trading over the past few months would suggest. It's tempting, perhaps, to compare BYND to cannabis play Tilray (NASDAQ:TLRY), 2018's biggest post-IPO bubble. That seems incorrect. Beyond Meat has a real business -- and it's performed exceedingly well so far in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsValuation isn't perfect, and there are real "falling knife" concerns in the chart. One more key risk lurks. That said, investors shouldn't just assume that because the bubble has popped, Beyond Meat stock will keep tumbling. At some point, this stock simply will be too cheap. The Case for Beyond Meat StockAgain, BYND certainly was a bubble as its price cleared $200. But at $73, this doesn't look like a bubble stock. Valuation is reasonably expensive: backing out net cash, Beyond Meat stock trades at about 14x this year's sales, and almost 200x next year's earnings.Those multiples aren't inexpensive, to be sure. But in the context of current growth, they're at least in the ballpark of reasonable. Sales so far this year have risen 253%. That's actually an acceleration from 2018, when revenue increased roughly 170%. Earnings should rise nicely once profitability is reached next year, as margins expand and sales growth continues: Wall Street expects a 73% increase on the top line in 2020.Whatever an investor thinks of the underlying product, consumer response seems awfully positive. Revenue in 2015, according to a prospectus filed with the U.S. Securities and Exchange Commission, was just $8.8 million. It should increase over 30x in just four years, and over 50x in five.Beyond Meat isn't giving those sales away, either. Gross margins so far this year have expanded by sixteen full points to 33.2%. The company posted positive operating and net income in the third quarter. This a company with a huge opportunity that, at least in the early going, is capitalizing on that opportunity. Yet shares keep falling. The Risks to Beyond Meat StockOf course, shares have fallen because BYND stock became so overpriced at the highs. Beyond Meat stock still trades at almost triple its IPO price. It's still up 12% from its opening-day close after the biggest first-day pop since the dot-com bubble.And valuation is a question mark. 14x 2019 revenue and over 8x 2020 sales doesn't sound that expensive in a market where a name like Shopify (NYSE:SHOP) is trading at over 25x. But this is a manufacturing play; gross margins might top out in the 40s once scale is reached. There's still an enormous amount of growth priced into BYND stock at the moment.There's also a large debate as to how big Beyond Meat's market truly is. The company actually has struggled to expand its portfolio past the Beyond Burger. While plant-based, the company's products aren't necessarily healthy. And it's not clear that vegans will embrace a product that's supposed to mimic meat.In its prospectus, Beyond Meat suggested its worldwide market could be as large as $35 billion annually. If that figure is too optimistic (and it may be -- it's too early to tell definitively) then peak sales may be much lower than the company, and its shareholders, hope.And Beyond Meat probably needs a big addressable market because that market is going to be crowded. Privately held rival Impossible Burger is driving sales through Restaurant Brands International (NYSE:QSR) chain Burger King, and continues to raise capital for its expansion.Hormel Foods (NYSE:HRL) and Tyson Foods (NYSE:TSN) are among the meat producers moving into plant-based alternatives. Kellogg (NYSE:K) will expand its vegetarian-focused MorningStar Farms brand. Above $200, BYND stock was priced as if the company had the market to itself. Above $70, that might still be the case. Understanding BYNDFrom here, the two biggest risks seem to be valuation and competition. Beyond Meat has helped create a brand-new category, but that doesn't always guarantee long-term success. National Beverage (NASDAQ:FIZZ) had a first-mover advantage in sparkling water, but has struggled as deeper-pocketed competitors have moved in. BYND stock may be cheaper than it was, but again there's still substantial growth priced in.That said, there is a sense that some investors are misreading BYND stock even at these levels. There are arguments over whether the product is healthy or whether there are enough vegans to drive sales -- when Beyond Meat isn't pitching its products to vegans or as a lower-calorie/healthy option. Some investors might assume that the trajectory here will follow that of TLRY, whose shares haven't really stopped sliding from last year's peaks.It's worth remembering that Beyond Meat itself had nothing to do with the parabolic rise in its shares after the IPO. And it's worth considering what this story might look like if, say, the company had gone public at $40 and peaked at $85 instead of $239. The narrative here might be more about how well the company had performed this year, and what its opportunity might be going forward. Will McDonald's (NYSE:MCD) finally come around? Can restaurant sales, which have quintupled this year, keep soaring?Crazy trading this summer shouldn't change that narrative. Beyond Meat has performed well. It has an enormous opportunity in front of it. I'm not quite convinced that combination makes BYND stock compelling at $73. But it's certainly more attractive than skeptics seem to think.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Large-Cap Dividend Stocks to Buy * 3 of the Worst ETFs in 2019 * 7 Biotech Stocks to Buy and Hold in 2020 The post Beyond Meat Stock Is Worth At Least a Look appeared first on InvestorPlace.
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]