|Bid||155.06 x 1000|
|Ask||155.15 x 1000|
|Day's Range||153.50 - 156.56|
|52 Week Range||45.00 - 239.71|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||161.00|
CFRA analyzes the plant-based meat space and the competition that’s heating up between a number of players.
While Nasdaq is well known for [its stock] exchange, the company is in the middle of a strategic pivot, growing its nontransaction revenue to over 70% of overall revenue. Nasdaq is the only major exchange in the U.S. providing comprehensive technology solutions, including trading capabilities, to capital-markets players like exchanges and clearinghouses, as well as pari-mutuel betting solutions to non-capital-market players like horse racing operators and the Football Index. Nasdaq has many proprietary assets that have very high barriers to entry and can ride on a secular growth trend.
One of the most powerful tradable market events is a short squeeze, so traders are always on the lookout for the next short squeeze candidate. S3 Partners analyst Ihor Dusaniwsky has just released a list ...
Sanderson Farms' (SAFM) solid export sales and sturdy prices in poultry products bodes well. However, high freight costs and soft demand for big bird boneless meat remain concerns.
Sanjay Shah has more than 25 years of experience in operations, manufacturing, engineering, and supply chain management and will now oversee Beyond Meat's global operations and production, the company said in a press release. Prior to joining Beyond Meat, the executive served as Senior Vice President of Energy Operations at Tesla where he led the company's worldwide Energy business for about a year. Prior to Tesla, Shah worked from 2011 to 2018 at Amazon.com, Inc. (NASDAQ: AMZN) and served as a Vice President of North American Fulfillment Centers. At first glance, it may seem Shah's transition from tech giants to a plant-based foodmaker is a mismatch in skills and experience.
Beyond Meat announced Thursday afternoon that former Amazon.com and Tesla executive Sanjay Shah will be the meat-alternative company’s chief operating officer.
Beyond Meat Inc. announced Thursday afternoon that former Amazon.com Inc. and Tesla Inc. executive Sanjay Shah will be the meat-alternative company's chief operating officer. Shah was most recently senior vice president of Tesla's solar business, a role he took on in 2018, though Bloomberg News reported last month that he was no longer in charge of the unit. He went to Tesla from Amazon, where he served in a variety of roles from 2011 to 2018. "Sanjay's focus on making operational excellence a sustained competitive advantage, his experience in and appetite for global expansion, along with shared values and a tireless work ethic, makes him a welcome addition to the Beyond Meat family," Beyond Meat Chief Executive Ethan Brown said in Thursday's announcement. As COO of Beyond Meat, Shah will be responsible for the company's global operations and production. In a filing with the Securities and Exchange Commission, Beyond Meat said that Shah would receive a $450,000 sign-on bonus and stock awards totaling $7 million, with $3.5 million in shares vesting on the first anniversary of his hire and the rest vesting on a quarterly basis through his second year. Shah will have a $440,000 annual salary and a targeted bonus of 50% of his salary, and be able to purchase additional shares.
Beyond Meat rival Impossible Foods said Thursday that its plant-based Impossible Burger will debut on grocery-store shelves Friday.
EL SEGUNDO, Calif., Sept. 19, 2019 -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat”), a leader in plant-based meat, announced today that Sanjay Shah has been named its Chief.
(Bloomberg) -- Starting Friday, Impossible Foods Inc. will finally offer its eponymous plant-based burger in U.S. grocery aisles.The Impossible Burger will make its retail debut at 27 Gelson’s Markets locations in Southern California before expanding its retail presence in the fourth quarter and in early 2020, the company said in a statement. The product will arrive in additional unnamed stores, including on the East Coast, later this month.The product has already multiplied across restaurant menus, including Burger King locations nationwide, after starting at New York City’s Momofuku Nishi in July 2016, but until now it hasn’t been available as a raw product to consumers.Along with competitor Beyond Meat Inc., Impossible’s protein substitute has helped to fuel a plant-based meat craze that’s left traditional food behemoths playing catch-up. With sales of faux meat exploding, Kellogg Co.’s new meat-like Incogmeato Burger will hit stores early next year, and Nestle SA’s Sweet Earth Foods Brand will release an Awesome Burger in the U.S. this fall.Demand has boomed as consumers seek out foods they see as healthier and more environmentally friendly than beef. Imitation meat could reach 9% of the estimated $2.7 trillion global meat market by 2040, Jefferies analyst Simon Powell forecasts, from less than 1% now.Impossible Foods has faced obstacles in its path to grocery stores. The soy-based burger is known for its convincing meat-like flavor, texture and appearance, which it says comes from the “magic ingredient,” soy leghemoglobin. But this same ingredient, known as “heme” and made with a genetically engineered yeast, has also slowed its launch in retail.Because it imparts a color onto the raw product, the U.S. Food and Drug Administration was required to amend the color additive rules to call heme safe before the product could be sold uncooked. While many environmentalists have applauded the introduction of foods like the Impossible Burger because they replace beef, some groups like Friends of the Earth and Center for Food Safety filed objections to the FDA change, arguing that heme hasn’t been adequately tested for safety. Impossible Foods has repeatedly said the burger is safe and complies with all applicable laws.“Although it’s perfectly safe for you to eat, who knows what might happen if you look at it? Be that as it may, it’s gone through that process as well,” Impossible Foods founder and Chief Executive Officer Pat Brown quipped at an event Thursday at a Los Angeles Gelson’s to mark the product’s arrival there. The burger will be available in 12-ounce packages for $8.99 at Gelson’s, which is more expensive than competitor Beyond Meat’s comparable Beyond Beef product.Brown said that 90% of Impossible Foods customers eat meat -- an indication of how the popularity of the company’s products has been driven by a rise of so-called flexitarians, or consumers who are eating less meat without cutting it out completely.He said the company is working on lamb, chicken and fish substitutes. The biggest challenge, he added, is getting the chemical structure correct so it captures the texture of different meat tissue and fat. He said that ground beef is easier, for example, to replicate than bacon.(Adds comments from Impossible Foods CEO in eighth and final paragraphs.)To contact the reporters on this story: Deena Shanker in New York at email@example.com;John Gittelsohn in Los Angeles at firstname.lastname@example.orgTo contact the editors responsible for this story: Anne Riley Moffat at email@example.com, Jonathan Roeder, Lisa WolfsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Beyond Meat stock got a boost after a Wall Street stock picker said the company could experience "unparalleled" growth.
Beyond Meat, Inc. said Thursday it has hired Sanjay Shah, formerly senior vice president of energy operations at Tesla Inc. as its chief operations officer. Shah was at Tesla for just over a year. The electric automaker has seen high turnover in its executive ranks as it has ramped production of its Model 3 and begun construction of a huge new production plant in China.
Airbnb intends to become a publicly traded company next year, the vacation rental company said in a news release Thursday. Airbnb hasn’t released full-year results for 2018 but has previously said its 2017 revenue was over $2.5 billion—more than 50% higher than its 2016 revenue. A number of highflying, private technology companies and other startups have made their mark on Wall Street in 2019—just not always as they intended.
Impossible Foods said it would sell its vegan burgers at 27 outlets of Gelson's Markets in California starting Friday, as it looks to catch up with competitor Beyond Meat Inc which has a headstart in the retail market for plant-based meats. Silicon Valley-based Impossible Foods, which counts celebrities like Serena Williams and Katy Perry as its investors, so far sold meatless patties in some upscale restaurants and fast food chains. While Beyond Meat, which has been fighting Impossible Foods in the restaurants market, also sold its plant-based meat alternatives at stores including Kroger Co, ShopRite, Sprouts Farmers Market Inc, and has seen growing demand for its pea-based products since.
Barclays sees long-term growth potential for Beyond Meat stock and says this time is different for vegetable-based protein.
Plant-based food company Impossible Foods will launch its Impossible Burgers in 27 Gelson's grocery stores across southern California on September 20. The Beyond Meat Inc. rival will add East Coast grocery stores later this month and continue to add grocers into early 2020, according to the Impossible Foods announcement. Impossible Foods is a privately-held company. The Impossible Burger is already on the menu at 17,000 restaurants, including Burger King, which offers the Impossible Whopper. Burger King is part of the Restaurant Brands International Inc. portfolio. To celebrate the launch, Impossible Foods is hosting events in California. Gelson's has been in operation since 1951. It will sell 12-ounce packages of Impossible Burgers for $8.99 in meat cases, both fresh and frozen.
Barclays initiated Beyond Meat at overweight, claiming the meat-alternative company is ‘well-positioned' in the market. Yahoo Finance's Jen Rogers, Myles Udland, Andy Serwer and Brian Sozzi discuss on The Final Round.
Barclays initiating coverage of Beyond Meat with an "overweight" rating. The firm saying Beyond is quote "not your typical meat company." Yahoo Finance's Heidi Chung joins Alexis Christoforous to discuss.
The NYSE has hosted a number of this year's high-profile IPOs this year but Airbnb won't be one of them. Airbnb is planning its public listing for 2020. Cowen CEO & Chairman Jeff Solomon joins Yahoo Finance's Adam Shapiro, Julie Hyman, Andy Serwer, and Hennion & Walsh Asset Management President Kevin Mahn from the New York Stock Exchange to discuss the current IPO market.
Tim Horton's announced late Wednesday that it is pulling Beyond Meat breakfast sandwiches from most of its stores in Canada, prompting shares to fall 7%. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss with D.A. Davidson senior analyst Brian Holland.