BYND - Beyond Meat, Inc.
137.25 -3.74 (-2.65%)
After hours: 7:59PM EDT
| Previous Close | 154.13 |
| Open | 151.88 |
| Bid | 138.65 x 900 |
| Ask | 137.25 x 1000 |
| Day's Range | 138.00 - 152.70 |
| 52 Week Range | 45.00 - 201.88 |
| Volume | 6,538,497 |
| Avg. Volume | 10,970,911 |
| Market Cap | 8.477B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -4.68 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 82.83 |
- Yahoo Finance•10 hours ago
Why we're seeing so few IPOs — and why that's bad for investors
One reason why investors may be going gaga over the recent mini-flurry of IPOs (Uber, Beyond Meat, Slack, etc) is the simple fact there are so few of them.
- Zacks•4 hours ago
What's Next for McDonald's (MCD) Stock as Industry Dives into Plant-Based Meat?
Shares of McDonald's (MCD) have jumped 15% this year to outpace its industry's 10.5% climb. With this in mind, let's see what's next for the historic fast-food burger powerhouse...
- Benzinga•6 hours ago
PizzaRev Partners With Beyond Meat For New Topping Option
PizzaRev is partnering with Beyond Meat Inc (NASDAQ: BYND ) and topping its pizzas with the plant-based meat. PizzaRev is known for its 11-inch Roman-style pizzas with a thin crust. Customers how have ...
- IPO-Edge.com•10 hours ago
IPO Editor Jannarone: Slack Poised for Strong Trading in Direct Listing – Cheddar TV
In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone argues that workplace messenger service Slack should find support in coming days thanks to a limited number of likely sellers and a business model with a sticky customer base, strong growth, and a large addressable market. While it may not command a multiple as high as Beyond Meat […]
- Bloomberg•11 hours ago
Once-Surging IPOs Suddenly Tumble as Defensive Bets Take Victims
(Bloomberg) -- The hottest IPOs aren’t looking so hot lately, thanks to a rush of defensive positioning amid a broader market rally.Once-surging new issues like Beyond Meat Inc., Revolve Group Inc., Crowdstrike Holdings Inc. and Chewy Inc. are falling for the third consecutive session on Monday, despite the market’s push toward record highs. After a weeks-long buying frenzy in recent IPOs, traders are now selling these more volatile bets amid a broader shift to defensive positions.The S&P 500 was testing its record Monday as Jerome Powell and colleagues signal easier monetary policy ahead. Rising stocks are usually a boon for recent IPOs, but investors appear to be locking in gains alongside other defensive-minded trades.Over the past three sessions, Beyond Meat has lost 16% from its stock price and Chewy fell 8%. Double-digit declines in Crowdstrike and Revolve are both stocks’ worst three-day stretches since their recent debuts.The very latest of new faces are also getting hit. Grocery Outlet Holding Corp., which opened 41% above its IPO price on Thursday, fell as much as 3% in early Monday trading. It’s joined by Stoke Therapeutics Inc., which popped 50% Wednesday as this year’s best start for a biotech or pharma IPO. Slack Technologies Inc., which jumped 49% from its reference price on Thursday, is also losing ground.Skeptical investors who stuck to their guns while the IPOs surged are finally being rewarded. Short interest represents more than 50% of Beyond Meat’s public float, according to financial analytics firm S3 Partners. That figure is at 25% for Revolve and 13% for Chewy.To contact the reporter on this story: Drew Singer in New York at dsinger28@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire•12 hours ago
Interstate Hotels & Resorts Breaks Out Of The Bun With New Beyond Burger™ Promotion
ARLINGTON, Va., June 24, 2019 /PRNewswire/ -- As consumers are increasingly changing their diets to plant-based foods, Interstate Hotels & Resorts – a global leader in third-party hotel and resort management – is going beyond traditional menus at the company's hotels and restaurants this summer through a partnership with Beyond Meat® (BYND) and their famous Beyond BurgerTM. From July 15 – October 31, 2019, Interstate's restaurant and banquet menus will feature recipes using the Beyond Burger, a plant-based take on the perfect summer meal.
- Financial Times•22 hours ago
Beyond Meat grows cold after sizzling rally
Beyond Meat was poised to extend its longest losing streak since going public last month, taking some of the sizzle out of the high-flying vegan burger stock. Shares in the company were on track to drop for a fifth consecutive session, sliding 7 per cent to $143.32 by Monday afternoon in New York.
- Financial Times•yesterday
Meatless Farm looks to stir up US vegetarian market
A UK challenger to plant-based protein groups Beyond Meat and Impossible Foods is preparing to enter the US market after signing a distribution agreement with retailer Whole Foods Market. “[Beyond Meat and Impossible Foods] are the two icebreakers and we will go straight behind them,” said Morten Toft Bech, founder of Meatless Farm.
- Motley Fool•3 days ago
Get Ready for an Onslaught of IPOs
Slack, Beyond Meat, and Fiverr are only the tip of a looming iceberg.
- Barrons.com•3 days ago
Beyond Meat Shows the Risk of Short Selling a Stock. 5 More ‘Short Squeezes’ to Watch.
The Beyond Meat short squeeze burned bearish investors. Here are five other stocks to keep an eye on.
- InvestorPlace•4 days ago
Watch for a Bubble as Beyond Meat Stock Begins to Cool
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.
- MarketWatch•4 days ago
Believing all this talk about a stock market bubble can land you in real trouble
Repeat after me: The stock market is not in a bubble. Will Goetzmann, a finance professor at Yale University, told me in an interview that in large part this has to do with the moral overtone that investors have when they declare something to be forming a bubble. When they do that, he said, they’re saying more than that a bear market is imminent, implying that those who lose big in that bear market will be getting what they deserve.
- TheStreet.com•4 days ago
Shake Shack Not Going Beyond Meat - For Now
, Burger King and A&W, who have all introduced plant-based protein, meat-less burgers, the company's CEO said on Friday. "We have no intention of doing it today," Shake Shack CEO Randy Garutti told CNBC's "Squawk Box " on Friday. "Shake Shack was built on doing classic things better than other people did them, so let's watch a little bit," Garutti said.
- InvestorPlace•4 days ago
IPO Success Makes Slack Stock A Gamble, Not An Investment
Shares of Slack Technologies (NYSE:WORK) surged upward following its Thursday IPO. In one of the more successful IPOs of 2019, the corporate messaging company surpassed its IPO price by a wide margin as the Slack stock price surged as high as $42 per share before falling to $38.62 per share in the last hours of trading.Source: Shutterstock Still, despite this massive upward spike, the company must cope with financial losses and much larger competitors that could derail the IPO's initial success. Given the obstacles faced by Slack stock, investors should look at WORK stock as a speculative bet rather than as an investment. Slack Stock Spiked on Its IPO DaySlack stock shot upward by more than 48.5% in Thursday trading. Investors quickly bid prices higher on the San Francisco-based corporate messaging company, which set its IPO price at $26 per share. By the end of Thursday trading, the market cap rose to $19.47 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company also took a unique route to get Slack stock listed. Slack offered its stock to the public in a direct listing, selling shares directly to investors rather than using a pricier investment bank. Spotify (NYSE:SPOT) also listed their shares this way and enjoyed some initial success. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Slack Holds Potential for High-Risk GainsWith the massive rise in WORK stock on the first day, the direct selling strategy did not hurt them. Given the initial move higher, I see some potential for short-term stock gains. It could follow in the footsteps of Beyond Meat (NASDAQ:BYND), a recent IPO that rose more than eightfold from its IPO price at its peak. As such, investors could profit handsomely from a speculative bet on WORK stock.However, our own Will Ashworth seemed underwhelmed with both the direct listing strategy and Slack stock itself. Although the first-day performance likely surpassed his predictions, he may have a point as the stock carries a great deal of risk. For one, the spike higher from the first day of trading took the price to about 43 times sales. That does not match the levels of BYND stock or many of the cannabis equities. However, that comes in almost 20 times higher than the S&P 500 average of 2.2.In fairness, a company with a compound annual growth rate of 95% will likely not come cheap. However, continued losses for the foreseeable future make this a riskier play. Watch for CompetitionThe significant competition Slack faces also adds to this risk. Most of Slack's peers are smaller outfits with less name recognition. Unfortunately for holders of Slack stock, these competitors also include some of the largest and wealthiest companies in tech.Microsoft (NASDAQ:MSFT) introduced Microsoft Teams last year. About 200,000 organizations use this tool. Moreover, the dominant player in personal chat, Facebook (NASDAQ:FB), has operated Facebook Workplace since 2016.Currently, Slack holds an edge with more than 500,000 making use of its tools. However, Microsoft and Facebook earn profits and hold billions in cash. If either of them chooses to compete aggressively, it could have devastating consequences for Slack stock. * 7 Stocks Flashing Signs of Strong Insider Buying The Bottom Line on Work StockAlthough the performance of WORK on the first day could add to the speculation, internal and external threats could undermine this company in the future. The massive spike in Slack stock bodes well for the future of the equity. Unfortunately, it could also suffer later if traders begin to seriously ponder the company's future.Even with massive revenue growth and market leadership, losses could eventually undermine Slack stock. Even more unsettling, both Microsoft and Facebook also compete in this business. Each of these tech giants holds enough cash to compete more aggressively for Slack's customers if they so choose.If one wants to buy Slack stock, the initial move higher could justify a speculative bet. However, one should buy this stock with the gambling money they were going to take to Vegas, not one's retirement funds.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 IPO Success Makes Slack Stock A Gamble, Not An Investment appeared first on InvestorPlace.
- Benzinga•4 days ago
Why Slack's IPO Investor Sentiment Might Be A Good Omen
Slack Technologies Inc (NYSE: WORK ) hit the ground running on Thursday following its highly anticipated IPO. Tech companies have had mixed returns when it comes to big-name IPOs in 2019. Here’s a look ...
- Motley Fool•5 days ago
2 Stocks That Are Costly Mistakes
It looks like nothing good can come from Beyond Meat and GameStop.
- Investor's Business Daily•5 days ago
Del Taco To Offer Beyond Meat Burritos After Taco Bell Snub
Beyond Meat stock: Del Taco will add Beyond burritos, including one stuffed with french fries. Taco Bell recently ruled out using Beyond Meat products.
- TheStreet.com•5 days ago
Jitters Not Justified
The indexes are still in positive territory and breadth is running better than two-to-one positive, but there has been steady selling all day and the indexes are now at intraday lows. The important thing right now is to stay with the positive action until there is a shift in character. One issue that the contrarian bears are sure to focus on is the number of recent initial public offerings.
- Benzinga•5 days ago
A Look At Benzinga Pro's Most-Searched Tickers For June 20, 2019
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Melinta Therapeutics, Inc. (NASDAQ: MLNT ) ...
- InvestorPlace•5 days ago
3 Speculative Stocks to Buy and Keep for the Long Term
Today I focus on three high profile stocks whose performances cover the whole spectrum. But long term they all have tremendous upside potential. At one end, Beyond Meat (NASDAQ:BYND) stock is the most loved, up 200% year-to-date. At the other end, Nvidia (NASDAQ:NVDA) cannot catch a break lately. Somewhere off to the side is Uber (NYSE:UBER), which is in limbo while it recovers from a controversial botched IPO process.These are three entirely different bullish thesis, but they will all need the help from the overall market action. Maybe only BYND can defy gravity in falling markets because of its particular situation.So with that in mind, my view is positive on the macroeconomic conditions. We have full employment in the U.S. and companies are delivering impressive profit and loss statements. Worry warts complain about deteriorating conditions based on the recent reports, but to me, the government data is highly unreliable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsGovernment reports are notoriously inaccurate and subject to huge revisions. But even if data continues to worsen into the summer, we know that the Federal Reserve is ready to save the day. Just yesterday, Federal Chairman Jerome Powell reiterated the Fed's stance on rates. It is done raising them and seven members want to cut rates twice this year.Clearly, the Fed put is back in and investors see this as a large safety net. Usually this makes it possible to buy-the-dips. Sellers will need new headlines to cause corrections and even then, they are not likely able to sustain them. The default price action absent from headlines is up.The next hurdle is the G20 meeting coming next week. After a contentious month, we learned recently that the U.S. and China have recommitted to a new round of negotiations.Presidents Trump and Xi are also tentatively set to meet in Osaka. These discussions are very volatile, but for now, the bulls have the reins unless politicians decide to blow the talks up. So we are likely to meander up into the June 28 event. * 10 'Buy-and-Hold' Stocks to Own Forever But the point of today's write up is to argue for the long-term outcomes of these great stocks and each for its own reason. But starting out on a good note is a plus and that's why we evaluate the immediate outcome of markets. Moreover, if the meetings yield results, then the S&P 500 will make a new all-time high and I bet it would go much higher than most experts' estimates. With all of that said, here's a deeper look into why BYND, NVDA and UBER would live up to their huge potential in a rising market. Beyond Meat (BYND)Source: Shutterstock BYND stock has become a full-fledged phenomenon. It is making headlines every day. The consensus in the media that it's definitely overdone and that it's only rising because of a short squeeze.But what if it's not just a technical blip?The debate over humans being meat eaters or not is ancient. There are solid arguments on both sides. It comes down to the motivation of not eating meat. Some believe it's healthier, but the more interesting reason is moral. Vegetarians avoid meat to be more humane to the animals. On that front, the incremental upside demand on BYND products will come from the massive group of people who currently eat meat but need a reason to stop. If BYND offers that option to do the right thing and come close in look, feel and taste, hoards will make the switch.The point is that there is tremendous demand lurking and it's a matter of how fast Beyond Meat can ramp up production. This is similar to the Cannabis thesis where the companies' bottleneck is production to meet demand. That's why pot stocks like Canopy Growth (NYSE:CGC) and Cronos (NASDQQ:CRON) are bid so high over the massive addressable market.So from an investment perspective, this thesis suggests that the high demand for a replacement product for meat will make BYND stock grow into its current astronomic valuation. Plug your nose and buy it. Uber (UBER)Source: Shutterstock Before Beyond Meat stole the show, Uber was the stock that hogged the headlines. This is the poster child of the unicorns.Critics say that it remained private for too long and that it lost too much money. There is a strong wave of detractors who even believe UBER will never be profitable. During its last earnings report, the CEO clearly stated otherwise.The bullish thesis for UBER stock is simple. This is an app that will be on almost every smart phone on the planet. There is very little chance the company fails in its mission. Uber is already disrupting passenger, food and freight deliveries. Recently we also learned that it will launch airborne deliveries, so the sky is literally the limit.Its most tangible and immediate leap higher in earnings will probably come from the Uber Freight division. Business accounts are usually harder to acquire, but the recurring benefits from them grow faster and they are stickier. This addresses the concerns that investors have from their battle with Lyft (NASDAQ:LYFT). Lyft shows no intention of following Uber anywhere else.The bottom line for UBER stock is that we don't even have a clue to what the future upside potential will include. So betting against it now is short-sighted. * 7 Blue-Chip Stocks to Buy for a Noisy Market I don't have an exact target for Uber stock since above here, there is nothing but open air. But like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX), this is a stock that is disrupting multiple industries and it will be three digits sooner rather than later. Nvidia (NVDA)Source: Shutterstock Unlike the first two stocks to buy on this list, Nvidia is not bloated. The long-term thesis was already established, but things went wrong as it took a massive detour in October 2018.The start of its correction was that it had too much love on Wall Street. So now the prism is simple: It rose too fast to its highs of $290 and consensus was too directional. This caused the wave of hate to overshoot the other way and go too low. So admiration turned into disrespect.Both positions are wrong. Eventually, Wall Street will go back to the middle-of-the-range opinion, which would bring NVDA stock closer to $230 per share. After all, NVDA is a premier technology company that will be a major supplier to all the right technological advancements from AI to self-driving cars.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post 3 Speculative Stocks to Buy and Keep for the Long Term appeared first on InvestorPlace.
- InvestorPlace•5 days ago
Patience Is a Virtue: Let Twilio Stock Run
Twilio (NYSE:TWLO) has been consistently making new 52-week highs throughout the year, earning its spot as a leading cloud communications platform, if not the leader. Such strength in the cloud computing sector has given TWLO resilience amidst recent trade-war-driven market swings. Therefore Twilio is a stock you want to have a position in.Source: Web Summit Via FlickrWith Twilio stock up 74% for the year, it may be tempting to think that now is a time to take profits, but with stocks that have significant momentum like Beyond Meat (NASDAQ:BYND), it behooves one to be patient.Let your winners run.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEven with Twilio's performance handily beating that of the Nasdaq, up 23% over the same period, there's room for more. Twilio Stock's Secondary Offering Is a Net BenefitSome market pundits have been critical of the secondary offering the company launched late last month. Yes, secondary offerings are dilutive to existing shareholders. However, the capital raise at that particular juncture was a shrewd move by management. * 6 Stocks Ready to Bounce on a Trade Deal Raising equity at top tick is difficult, but given strength in fundamentals and the stock itself, the estimated $750 million that the capital raise brought in will provide a war chest for the Twilio stock to sustain future growth. This is all to say that raising capital in a position of strength is a great move for shareholders.Even though shares fell on the day of the announcement, Twilio stock has rallied hard ever since.If Twilio were raising out of desperation or if there were exhaustion signals in the price action, I would be less bullish. The fact is that TWLO is dominating the communications software industry and will continue to extend that dominance with the cash raised. TWLO Stock's Huge First QuarterIt's worth remembering how good of a first quarter TWLO had. Total revenue increased 81% year-over-year and 14% quarter-over-quarter. The quarterly outlook for the next quarter of $262 million to $265 million seems conservative, meaning it should be an easy beat.Another important metric, Active Customer Accounts, showed an almost 3x increase year-over-year from 53,985 to 154,797, which is proof of just how compelling their in-app communications technology is. In tech, everyone touts ad nauseum that their product is "disruptive" and "game-changing."The numbers show that Twilio is doing just that. Big Fortune 500 companies count themselves as customers, and I expect that traction to grow pretty organically throughout the remainder of the fiscal year, driving major growth. The Bottom Line on Twilio StockWith a newly raised pile of cash, Twilio has options. It can funnel resources to grow both organically and inorganically. The acquisition of SendGrid demonstrates that these tuck-in acquisitions can really juice growth. Growth, of course, always has a price. Still, there are synergies to be had as Twilio consolidates its lead in customer engagement platforms.After the big run-up in the TWLO stock price, bullish targets set by sell-side firms like Needham ($140) have been taken out. But investors should stay patient. The inclination to take some money off the table is prudent, but sticking with Twilio stock at least through next quarter will likely prove rewarding.As of this writing, Luce Emerson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Blue-Chip Stocks to Buy for a Noisy Market * 5 Strong Buy Biotech Stocks for the Second Half * 6 Stocks Ready to Bounce on a Trade Deal Compare Brokers The post Patience Is a Virtue: Let Twilio Stock Run appeared first on InvestorPlace.
- TheStreet.com•5 days ago
Del Taco's Beyond Meat Burritos a Hit With Investors
Del Taco's stock price edged up a quarter of a percent to $11.47 as the second-largest Mexican quick-service chain in the U.S. reported sales of 2 million Beyond Meat tacos since April. The new Beyond 8 Layer Burrito and the Epic Beyond Cali Burrito will join Del Taco menu alongside Beyond Tacos and Beyond Avocado Tacos, which the chain first rolled out in April. "The enthusiasm shown by our fans during the first weeks of our Beyond Meat offerings was undeniable," said John Cappasola, president and CEO of Del Taco.
- Yahoo Finance Video•8 hours ago
Beyond Meat competitor inks a deal with Whole Foods
British alternative-meat company The Meatless Farm announced today it secured a deal with Whole Foods to sell its burgers in the United States. Yahoo Finance's Zack Guzman and Heidi Chung are joined by Michelle McKinnon, Payne Capital Management Senior Wealth Advisor, to discuss.
- Yahoo Finance Video•4 days ago
Beyond Meat tumbles amid competition from Tyson Foods in alternative protein space
Beyond Meat shares are tumbling after Tyson Foods CEO told investors the company is willing to increase its market spending to push into the alternative meat market. Yahoo Finance's Seana Smith & Heidi Chung discuss.
- Yahoo Finance Video•5 days ago
Taco Bell is testing plant-based proteins
Taco Bell is looking to test plant-based proteins. The restaurant chain told Yahoo Finance "It is important for us to provide our customers with food that fits their lifestyles, so we keep an eye on trends and the plant-based category is no exception." Yahoo Finance's Heidi Chung joins YFi AM to discuss.
