Beyond Meats market capitalization is currently 4.7 billion on top of trailing. “Consumer interest in Beyond is simply reaching a peak. The stock is currently trading near the lowest levels since it went public in 2019, but it still looks expensive. “We view the results as further evidence that Beyond’s business is reaching market saturation faster than expected and that the company has deeper problems that won’t be easy to fix,” Credit Suisse analyst Robert Moskow said. It rebounded to $81.45 by early afternoon, but was still down some 14 percent from Wednesday’s close.īeyond Meat on Wednesday forecast current-quarter revenue of $85 million to $110 million, well below estimates of $131.6 million. Its products include ready-to-cook meat under The Beyond Burger and Beyond Sausage brands. The stock dropped 19 percent Thursday morning to $76.77. engages in the provision of plant-based meats. ![]() Sales of its plant-based meat fell at several fast-food chains in the third quarter, when the country was in the grip of the Delta COVID-19 variant and restaurants were cutting hours and trimming menus to battle a labor shortage.Īt least seven brokerages cut their price targets on the stock, with several analysts expecting the company to continue facing a slowdown. Shares of Beyond Meat slumped as much as 19 percent Friday after the faux meat maker signaled slowing demand at restaurants and grocers with a weak sales forecast, raising questions on whether its business is nearing saturation. On 21 January 2022, HSBC upgraded BYND stock to ‘hold’ from ‘reduce’ and set its price target at 62. This restricts our scope to provide Beyond Meat stock prediction prices for 20252030. The upcoming earnings date is derived from an algorithm based on a company's. The site is bearish on Beyond Meat stock value and doesn’t offer its stock value beyond the November 2024 expected close price of 0.000001. retail channel net revenues, which decreased 19.5 compared to the year-ago period. foodservice and international channel net revenues were more than offset by reduced U.S. In 2021 to date (July 22), the stock is up 2.5, lagging the S&P 500 s. Net revenues decreased 1.2 to 100.7 million in the fourth quarter of 2021, compared to 101.9 million in the year-ago period. Impossible Foods punches back against report calling fake meat a ‘fad’ Earnings announcement for BYND: May 10, 2023. Shares of Beyond Meat (which held its initial public offering in May 2019) have seesawed wildly up and down from the get-go. McDonald’s’ launching plant-based McNuggets next week Shares of Beyond Meat (BYND 0.54) soared on Monday morning, and I believe a short squeeze is the only logical explanation, as I'll explain in a moment. "We are not yet sure who is right - Beyond Meat or Maple Leaf Foods - but when we hear commentary like this, it's hard to be completely confident about the future of the category," Goldman wrote.What kind of burger are you based on your zodiac sign?įake meat is failing because it’s gross and unhealthy Morgan's Ken Goldman quoted Maple Leaf Foods CEO Michael McCain, who told investors last week that the company is seeing a "marked slowdown" in the plant-based protein category, which could suggest a shift from the high growth rates expected by the industry. What is BYND's forecast return on assets (ROA) for 2023-2024 (NASDAQ: BYND) forecast ROA is -21.01, which is lower than the forecast US Packaged Foods industry average of 7.32. CEO Ethan Brown told investors that the problems were largely short term. The average Beyond Meat stock price prediction forecasts a potential upside of 4.74 from the current BYND share price of 10.82. The stock price has fallen more than 50 in 2022, following a similar decline in 2021. "We view the results as further evidence that Beyond's business is reaching market saturation faster than expected and that the company has deeper problems that won't be easy to fix," Credit Suisse analyst Robert Moskow wrote in a note.īeyond blamed a number of factors for its weak quarter, including severe weather, the delta variant and restaurants' labor challenges. Jefferies called it "the quarter that likely broke the camel's back." Bernstein analyst Alexia Howard downgraded the stock, telling investors to not buy the dip. COO of Beyond Meat Inc (30-Year Financial, Insider Trades) Sanjay C Shah (insider trades) sold 4,833 shares of BYND on at an average price of 151.31. Quote Profile News Charts Forecasts Financials Shareholders Competitors Stock Price Forecast The 10 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 12.00. ![]() ![]() ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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