MARKET

BYND

BYND

Beyond Meat
NASDAQ

Real-time Quotes | Nasdaq Last Sale

137.25
-2.65
-1.89%
After Hours: 137.00 -0.25 -0.18% 19:59 12/01 EST
OPEN
140.77
PREV CLOSE
139.90
HIGH
140.91
LOW
134.63
VOLUME
2.59M
TURNOVER
--
52 WEEK HIGH
197.50
52 WEEK LOW
48.18
MARKET CAP
8.60B
P/E (TTM)
-303.1140
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Whole Earth Brands (FREE) Tests Resistance
Whole Earth Brands (FREE) shares soared in Tuesday's pre-market after Cantor Fitzgerald initiated at Overweight with a $23 price target.
Investopedia · 11h ago
Is BYND Stock A Buy? Here's What Beyond Meat Earnings, Chart Show
Beyond Meat stock is navigating a shift in its plant-based-meat retail strategy as coronavirus shutdowns strangle restaurant sales. Is BYND stock a buy?
Investor's Business Daily · 1d ago
These Are The 5 Best Stocks To Buy And Watch Now
Investor's Business Daily · 3d ago
Exclusive: The Very Good Food Company's CEO On Plant-Based Growth, Why 2021 Is A 'Huge Scale Up Year'
British Columbia-based The Very Good Food Company Inc. (OTCQB: VRYYF) designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives. It also happens to be the second plant-based food maker to list on an American stock exchange.
Benzinga · 4d ago
3 Stocks to Buy for a Plant-Based Food Surge
As the race to dominate meat substitutes heats up, plant-based stocks are becoming an investor favorite. There are a couple of reasons for this increasing interest in plant-based meat. One, demand for meat and dairy substitutes is on the rise due to increasing health concerns over animal welfare and the environment. Second, the novel coronavirus pandemic revealed the flaws in the supply chain of meat production. After many meat plants were forced to shut their doors, fake meat stocks had a huge opportunity to capitalize on demand. Plant-based food companies became the face of the meat industry. The products are designed to mimic the look, feel and taste of meat. This allows companies in the industry to target meat-eaters as well as non-meat eaters. The plant substitute market in the U.S. is estimated to be worth $3.5 billion by 2026. While this is much smaller than the market for traditional meat products, the potential for growth is vast. 10 Best Stocks to Buy for Investors Under 30 If you want to jump on the alternative meats market before it takes off, here are three plant-based stocks worth buying:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Beyond Meat (NASDAQ:BYND) Impossible Foods Kellogg (NYSE:K) Plant-Based Stocks: Beyond Meat (BYND) Source: calimedia / Shutterstock.com One of the first plant-based stocks to list on the U.S. stock exchange is Beyond Meat. The company hit the market in 2019 and its shares are up more than 100% since then. Beyond Meat offers a wide range of alternative meat products with a strong emphasis on healthy eating. This trend accelerated this year as people try to boost their immunity during the pandemic. Many consider Beyond Meat to be a disruptor in the $1.4 trillion meat industry. Not only has the company secured a number of successful partnerships but also made the pivot to retail sales. A smart move on the company’s part, given that in-store business was down for many restaurants this year. During 2020, service revenue for its products was down 60% but retail revenue spiked by 194.9%. Beyond Meat is a shining star in an industry that is just getting started. Experts predict that by 2027, the market value for plant-based meat will reach a whopping $74.2 billion. Beyond Meat will be at the forefront of this growth, which will translate to higher sales and profits. Given the opportunity for growth in the market, this plant-based stock is worth your investment at its price point. Impossible Foods Source: Shutterstock What many consider to be Beyond Meat’s rival, Impossible Foods is a major player in the market for plant-based meat. The company saw an exponential rise in demand for its products as people made the switch to meat alternatives this year. Impossible Foods places a strong emphasis on innovation in plant-based meat, citing meat producers as its core competitor. Much like its peers, Impossible Foods gained a lot of traction in the mainstream market. The company partnered with Restaurant Brands International (NYSE:QSR)and Burger King. More recently it inked a deal with Walmart (NYSE:WMT) to distribute Impossible Food products at 2,400 stores. In addition to national brand recognition, the company is global. Impossible Foods expanded into Asia and will have its products sold in 200 outlets in Hong Kong and Singapore. 10 Best Stocks to Buy for Investors Under 30 These rapid expansion efforts led the market share to rise to 4.3% from 3% with greater upside ahead. Adding to this growth, the company announced that it will hire 100 scientists to work on additional plant-based products. It also secured $200 million in funding to finance research and development. Given the potential for growth, the future of Impossible Foods is undeniably bright. When the plant based stock goes public, it’s an investment that’s should be on your radar. Kellogg (K) Source: Shutterstock Breakfast cereal is the first thing that comes to mind when we think of Kellogg but the company is making its foray into alternative meats as well. Although the field is dominated by the likes of Beyond Meat and Impossible Foods, Kellogg launched its own line of plant-based meals. These include burger patties and nuggets that can be cooked at home. Kellogg’s goal is to expand its market to non-meat eaters. The Incogmeato products mimic those offered by alternative meat brands with a dozen additional ingredients. These products will be sold in stores alongside its MorningStar Farms brand. Although Kellogg is operating in a notably crowded space, it has two key advantages. One, the company sells the most popular veggie burger on the market. The plant-based patty will complement this product. Second, Kellogg’s Morningstar brand is sold in almost every major outlet, giving its fake meat products a huge retail footprint. The rollout of Kellogg’s alternative meat products was set for early 2020 but the pandemic delayed its plans. Nevertheless, they are still expected to hit shelves in the coming months. Plant-based stocks like Beyond Meat and Impossible Foods may be the pioneers of the alternative meats space but legacy companies like Kellogg could very well be the next big name. On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for InvestorPlace since 2020.  More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post 3 Stocks to Buy for a Plant-Based Food Surge appeared first on InvestorPlace.
InvestorPlace · 6d ago
J.P. Morgan: 2 Stocks to Consider Buying (and 1 to Stay Away From)
In a report on current market conditions – and the strategic view going forward – JPMorgan’s Marko Kolanovic sees plenty of reasons for optimism. Kolanovic sees that risk has eased in the last few weeks, and taking the usual daily fluctuations into account, markets are likely to see a sustained rally.The biggest news, in Kolanovic’s view, are the positive reports about the rapid development and imminent availability of a COVID-19 vaccine. This is a ‘game-changer,’ allowing investors to “look through the recent surge in COVID-19 cases to the impending end of the pandemic and broader reopening of the economy.”In a close second, as far as market importance is concerned, is the split result of the national election. Kolanovic describes a Biden Presidency combined with increased Republican strength in the House and a continued Republican Senate majority as ‘the best of both worlds.’ A divided government is unlikely to dismantle the pro-business moves taken by the Trump Administration, while Biden is likely to ease the trade war. The result, according to the Kolanovic team, will be “less market volatility, which could drive inflows to risk assets.”To this end, JPM’s stock analysts have been busy scanning the tickers, seeking out those that are likely to win – or lose – in the coming months. Of particular interest, we’ve pulled the TipRanks data on two stocks that the firm predicts will show double-digit growth, and one that JPM says to avoid. Vroom, Inc. (VRM)We’ll start with Vroom, an online retailer in the used vehicle space. In addition to cars, the company also sells spare parts and accessories, and offers insurance, car rentals, and funding for purchases, for US customers only.Vroom is a newcomer in the markets; it IPO’d in June and rose quickly, peaking in on September 1. Since then, the shares have slipped and are now down 22% since their first day’s close. The rise and fall are the result of conflicting tailwinds and headwinds pushing against the stock.On the positive side, Vroom has gained during the general shift to online retail. Also, the company’s focus on used vehicles was beneficial during the pandemic, when customers were nervous or cash-strapped – but in either case, reluctant to lay out large sums for a new car. On the negative side of the ledger, that reluctance to spend slipped over to the used car market, too. Vroom had to contend with low margins while cutting prices to attract sales.Covering the stock for JPM, analyst Rajat Gupta sees the stock’s current state as an opportunity for investors. The bad times are likely temporary, he believes, and this company is set to take off. “Net-net, with near-term expectations now reset and potential for acceleration in both unit growth and gross profit into 2021, we view the setup as favorable in the near to medium term for the stock with little incremental negative catalysts… we believe execution will be key given heavy reliance on third parties for key operational aspects such as reconditioning and logistics,” Gupta wrote.In line with this assessment, Gupta rates the stock an Overweight (i.e. Buy), and his $70 price target implies an upside of 91% for the year ahead. (To watch Gupta’s track record, click here)Even after the fall in its share value, Vroom retains a Strong Buy from the analyst consensus. The rating is based on 11 reviews, including 10 Buys and 1 Sell. VRM is selling for $36.81, and its $59.40 average price target suggests it has room for ~61% growth on the one-year horizon. (See VRM stock analysis on TipRanks)Colfax Corporation (CFX)Next up is Colfax, a niche manufacturing company. Colfax produces a range of equipment for the welding, medical device, and air and gas handling markets, ranging from medical equipment for joint reconstruction to welding helmets and cutting torches. While it may sound incongruous, the combination works for Colfax, and the company is experiencing a turnaround from corona crisis losses in 2Q20.The third quarter earnings, at 41 cents per share, showed both good and bad. It was down 32% year over year, but has more than quadrupled sequentially and beat the estimates. Revenues were up 29% sequentially, coming in at $805 million. Management expects to see continued sequential improvements through the remainder of 2020, and predicts full-year earnings in the range of 45 cents to 50 cents per share.Representing JPM, 5-star analyst Stephen Tusa commented, “[We] see the stock as being relatively cheap compared to close peers within the Fab Tech and Med Tech space with significant upside post COVID-19 that does not appear to be entirely realized in the valuation as of yet compared to the peer FY2 expectations. CFX has strong brands and franchises… and an underappreciated productivity opportunity with primary end market bounce back in Fab Tech and demand spikes in Med Tech.”Tusa backs his upbeat comments with an Overweight (i.e. Buy) rating and a $52 price target indicating his confidence in a 38% one-year upside. (To watch Tusa’s track record, click here)Overall, Colfax has a Moderate Buy rating from the analyst consensus, based on 8 reviews breaking down to 5 Buys, 2 Holds, and 1 Sell. However, the majority expect shares to stay range bound for now, as the current $38.63 average price target indicates. (See CFX stock analysis on TipRanks)Beyond Meat (BYND)Last on today’s list of JPM calls is Beyond Meat, a company that made a lot of waves last year when it raised over $3.8 billion in its IPO. The company offers a vegetarian-based meat substitute, and it markets as more nutritious, better tasting – and more like meat – than competing products. The company was founded back in 2009, and has expanded its lineup of products to include simulated beef, pork, and chicken products.Overall, BYND stock still presents a positive façade. The shares are up 88% year-to-date, and the company registered a net profit in 1Q20, just as the corona crisis started. Since then, however, earnings have turned negative – and even worse, revenues showed a strong sequential drop in Q3. The latest quarterly figures showed $94 million at the top line, down 16% from Q2 and well below the forecast of $133 million, and an EPS loss of 28 cents – far worse than the 3-cent loss predicted. The biggest hit to Beyond Meat came from declines in restaurant business that was only partially redeemed by a 40% surge in grocery sales. The company did announce a partnership with McDonald’s to provide the meat substitute for the fast food giant’s new McPlant menu, but even that announcement was bungled. BYND shares fell sharply when it was rumored that McD’s had developed the meat substitute in-house. While that misconception has been corrected, BYND has only partially bounced back.In short, this company is facing serious headwinds in the near-term, and JPM is advising caution due to “visibility so low and the most recent quarter surprisingly soft.” Ken Goldman, rated 5-stars at TipRanks, writes of BYND, “We are now trying to model a company for which (a) we are not exactly clear why 3Q was so bad (the company’s explanation did not seem to be backed up by meaningful data), and (b) the partnership with McDonald’s could either be a game-changer or a dud.”Goldman’s caution is clear from his Underweight rating (i.e. a Sell), and his $104 price target suggests a 26% downside to the stock. (To watch Goldman’s track record, click here)JPM is not the only firm advising caution here. Beyond Meat’s analyst consensus rating is a Moderate Sell, based on 2 Buys, 7 Holds, and 7 Sells set in recent weeks. The stock is selling for $141.91 and its average price target of $110.71 indicates a probable downside of 22% in the coming year. (See BYND stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
TipRanks · 11/24 19:25
McCormick to buy hot-sauce maker Cholula for $800 million
McCormick said on Tuesday it has agreed to buy hot-sauce maker Cholula from private-equity firm L Catterton for $800 million.
Reuters · 11/24 11:09
Kellogg Stock Is Slipping Because Pandemic Gains Might Not Last
Credit Suisse analyst Robert Moskow downgraded packaged-food giant Kellogg to Neutral from Outperform, and cut his price target to $68 from $77. Kellogg might not be “a net beneficiary of the market changes caused by the Covid-19 pandemic longer term,” Moskow notes.
Barrons.com · 11/23 16:04
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Analyst Rating

Based on 22 analysts

Hold

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average BYND stock price target is 115.58 with a high estimate of 161.00 and a low estimate of 55.00.
EPS
Institutional Holdings
Institutions: 598
Institutional Holdings: 27.17M
% Owned: 43.36%
Shares Outstanding: 62.66M
TypeInstitutionsShares
Increased
142
8.20M
New
166
520.68K
Decreased
96
1.93M
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Key Executives
Chairman/Director
Seth Goldman
President/Chief Executive Officer/Director
Ethan Brown
Chief Financial Officer/Treasurer
Mark Nelson
Chief Operating Officer
Sanjay Shah
Senior Vice President/Director of Marketing
Marc Patrick
Chief Human Resource Officer
Cari Soto
Chief Marketing Officer
Stuart Kronauge
General Counsel/Secretary
Teri Witteman
Vice President
Shira Zackai
Other
Dariush Ajami
Other
Charles Muth
Lead Director/Independent Director
Raymond Lane
Director
Bernhard Van Lengerich
Independent Director
Diane Carhart
Independent Director
Ned Segal
Independent Director
Christopher Stone
Independent Director
Donald Thompson
Independent Director
Kathy Waller
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About BYND
Beyond Meat, Inc. offers plant-based burgers. The Company offers its products in a range of categories, such as The Beyond Burger, Beyond Sausage, Beyond Beef Crumbles and Beyond Chicken Strips. The Company sells a range of plant-based products across the three main meat platforms of beef, pork and poultry. It provides Beyond Mushroom Bacon Cheeseburger, Chef Spike’s Original Brat, Roasted Garlic & Italian Sausage Pasta, Beyond Beef Tacos and April Ross’ Butternut Squash Mac-N-Cheese. The Company also offers Beyond Spring Burger, Beyond Nacho Burger, Beyond Sausage Stuffed Peppers, Tuscan Style Beyond Sausage Pasta, Beyond Brat Breakfast Burrito, Beyond Beef Fiesta Power Bowl, Beyond Beef Nachos, Truffle Mac & Cheese Beyond Burger, Love & Lemons Guacamole Beyond Burger and Beyond Burger Tostada With Marinated Kale.
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