12.49 0.00 (0.00%)
After hours: 4:25PM EDT
|Bid||12.43 x 1100|
|Ask||12.47 x 2200|
|Day's Range||11.95 - 12.50|
|52 Week Range||9.46 - 14.83|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||27.57|
|Earnings Date||Oct 16, 2017 - Oct 20, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.50|
Did Beyond Meat (NASDAQ:BYND) just begin a cooldown? The Beyond Meat stock price fell from over $200 per share to around $165 per share as one restaurant chain opted not to include its plant-based meat on their menu. This ended a meteoric rise in the stock from when it launched its IPO in early May.Source: Shutterstock Whether this constitutes profit-taking or a sustained move down remains unclear. However, given its current multiple and the lack of a catalyst to take BYND further, investors should probably stay away. A Closer Look at Beyond Meat StockBeyond stock fell as Yum! Brands (NYSE:YUM) restaurant chain Taco Bell announced that they would stay with their current vegetarian options. This also stopped the momentum that had taken BYND stock to more than eight times its IPO price in less than two months.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMany might see this drop as a "buying opportunity." With an increased focus on healthy food, this could well be just the beginning for plant-based meat products. Moreover, even for traders who see the run-up as concerning, Taco Bell's decision not to go with Beyond Meat does not justify such a drop.Beyond Meat counts many prominent restaurant chains as clients. Del Taco Restaurants (NASDAQ:TACO) reported that they sold about two million Beyond Meat tacos since April. Consequently, they will add two burritos featuring the meat substitute. Plant-based meat has also found its way on the menus of other restaurants. Both Carl's Jr. and TGI Friday's feature items with Beyond Meat products.Beyond Meat stock also benefits from its status as the only stock in this nascent industry. Its most direct peer, Impossible Foods, remains private. Tyson Foods (NYSE:TSN) also plans to offer a plant-based protein of their own, though they have not introduced such a product. Watch the ValuationStill, before placing buy orders on Beyond Meat, traders need to exercise caution. Several analysts have turned on BYND stock due to valuation concerns, and analysts project losses until at least next year. Most investors can understand this as Beyond Meat trades at around 87 times sales!Many might also question the $10 billion market cap. Wall Street predicts $204.97 million in revenue for the year. Even if the 63.5% revenue growth rate for 2020 comes to pass, prospective buyers need to act cautiously in such cases.Investors should also note that hot stocks take on higher risk in the food industry. Hot tech stocks tend to support higher multiples over long periods, making stocks with high valuations less risky. However, food industry stocks rarely gain premium price-to-earnings (PE) ratios or attention.Tyson trades at less than 14 times earnings. Also, Food wholesalers tend to trade at multiples in the teens, lagging S&P 500 averages. Should Beyond Meat lose its sizzle, it could easily fall to such multiples.Moreover, investors may have other stock choices in this industry soon. Impossible Foods does not plan an IPO so far. Still, the success of BYND stock could change those plans. Further, as Tyson or other food producers enter the business, some investors might opt for those stocks. Final Thoughts on Beyond Meat StockThe multiple on Beyond Meat stock makes the equity unpredictable. The plant-based meat industry could amount to a game-changer in the food industry. Consequently, traders have bid the price-to-sales multiple on the equity into the stratosphere.However, while the stock might trade at higher levels years from now, the short and medium term could become challenging. In most cases, failure to gain a customer such as Taco Bell would not have led to such a massive selloff in an equity. Still, with no obvious catalyst to take it beyond current levels, Beyond Meat could fall.Moreover, seeing the stock trade at more than 87 times sales indicates a likely bubble. Most of its industry peers trade at multiples below S&P 500 averages. If BYND falls due to a turn in sentiment, it could leave investors underwater in this equity for years.As we just saw with Beyond Meat stock recently, speculation in hot stocks can bring tremendous returns. However, at this point, such investors might fare better in an equity with more potential upside than BYND stock.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 * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post Watch for a Bubble as Beyond Meat Stock Begins to Cool appeared first on InvestorPlace.
Del Taco Restaurants Inc. said Thursday it is expanding its partnership with Beyond Meat Inc. and will offer two new burritos containing that company's plant-based protein. The Mexican fast-food chain said it has sold almost two million Beyond Tacos and Beyond Avocado Tacos since adding those options to its menu in April. "The enthusiasm shown by our fans during the first weeks of our Beyond Meat offerings was undeniable," Del Taco Chief Executive John Cappasola said in a statement. The company is now adding the Beyond 8 Layer Burrrito and the Epic Beyond Cali Burrito to its menu at more than 580 locations across the U.S. Beyond Meat shares rose 2.5% premarket on the news. Del Taco shares were up 1.8% premarket and have gained 14.8% in the last 12 months, while the S&P 500 has gained 16.7%.
LAKE FOREST, Calif., June 20, 2019 -- Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second leading Mexican quick service restaurant,* today announced that after one.
Just two months after the launch of Beyond Tacos, tacos made with Beyond Meat’s plant-based protein, Del Taco Restaurants is now unveiling Beyond burritos.
Beyond Meat's growth is exploding and its stock is skyrocketing. An early investor reveals the most interesting thing he sees in the company's first-ever earnings report.
Investors are always looking for growth in small-cap stocks like Del Taco Restaurants, Inc. (NASDAQ:TACO), with a...
Del Taco (TACO) delivered earnings and revenue surprises of -33.33% and -0.34%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Lake Forest, California-based company said it had net income of 4 cents. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by ...
Shares of Del Taco Restaurants Inc. fell nearly 6% in the extended session Monday after the fast-food chain missed profit expectations, saying its comparable-restaurant sales and transactions were "adversely impacted" by bad weather in California and throughout the West as well as a delayed Lenten season. Del Taco earned $1.4 million, or 4 cents a share, in the quarter, compared with $3.2 million, or 8 cents a share, in the year-ago quarter. Adjusted for one-time items, Del Taco earned $1.7 million, or 4 cents a share. Revenue rose 1.5% to $114.2 million. Analysts polled by FactSet had expected adjusted earnings of 6 cents a share on sales of $114.2 million.
NEW YORK, NY / ACCESSWIRE / May 6, 2019 / Del Taco Restaurants, Inc. (NASDAQ: TACO ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on May 6, 2019 at 4:30 PM ...
Del Taco Restaurants, Inc. (NASDAQ: TACO ) announces its next round of earnings this Monday, May 6. Here's Benzinga's look at Del Taco's first-quarter earnings report. Earnings and Revenue Wall Street ...
Beyond Meat is already looking beyond its plant-based products that look and taste like ground beef and sausage.
Del Taco Restaurants, Inc. , the second largest Mexican-American quick service restaurant chain by units in the United States, recently commenced the marketing of certain company-operated restaurants across four non-core Western markets.
Del Taco (TACO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Del Taco Restaurants, Inc. , the second largest Mexican-American quick service restaurant chain by units in the United States, will announce fiscal first quarter 2019 financial results on Monday, May 6, 2019 after the market closes.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll show how you can use Del Taco Restaurants, Inc.'s (NASDAQ:TACO) P/E ratio to inform your assessment of the...
Del Taco Restaurants Inc. is teaming with Beyond Meat to add meatless tacos to its 580 locations beginning April 25.
Brand becomes the first national Mexican fast food chain to offer plant-based meat on-menu with the addition of Beyond Tacos at its 580 locations beginning Thursday, April 25th.
Cinco de Mayo is this weekend, so let the celebrations begin! Yahoo Finance's Zack Guzman and Jeanie Ahn are joined by Heidi Learner, Savills Chief Economist, to discuss the biggest deals you can find.