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Beyond Meat, Inc. (BYND)

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Nog geen draad gestart van dit opmerkelijke bedrijf dat een zeer succesvolle IPO had afgelopen vrijdag (+163%), dus bij deze. M.i. de moeite waard deze te volgen.
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Beyond Meat Inc. just got its first sell-side bull after its splashy IPO last week.

The stock, up an eye-popping 199 percent since its trading debut last week, was rated a new outperform at Bernstein, and analyst Alexia Howard sees even more upside, albeit much smaller than its recent gains. Her price target of $81 implies an 8 percent appreciation from the stock’s Monday close at $74.79.

“Recent and planned expansions in production capacity look set to facilitate rapid sales growth in 2019 and beyond,” Howard wrote, estimating that if the alternative meat category follows the same growth path as plant-based beverages, the total addressable market could reach about $40.5 billion in the U.S. over the next decade.

Beyond Meat Could Be Valued at Up to $1.2 Billion in IPO
Beyond Meat Inc. plant-based sausages.hotographer: Daniel Acker/Bloomberg
The stock, which had the strongest first day of trading for an IPO since at least 2008, added another 2 percent in pre-market trading Tuesday as of 6:50 a.m.

www.bloomberg.com/news/articles/2019-...
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Beyond Meat Bulls Are Undaunted as Bears Pile On After Surge
Bloomberg
Tatiana Darie
BloombergMay 14, 2019

(Bloomberg) -- It’s becoming difficult to tell who’s more enthusiastic about faux meat on Wall Street: bulls or bears.

Beyond Meat Inc., the veggie burger maker that has more than tripled since its May 1 debut, rose for a second day on Tuesday, putting it on track for a record-high close. The shares have surged as investors bet that the meat-substitute business is poised for breakout growth, setting suppliers apart from traditional food companies.

At the same time, bearish bets have been piling up fast. About 44% of Beyond Meat shares available for trading are sold short. That puts it among the top 20 most-shorted U.S. companies, according to financial analytics firm S3 Partners.

From the bulls’ point of view, the excitement around the company is about the perennial hunt for growth, said Thomas George, a former portfolio manager at TD Asset Management Inc. who’s now president of Grizzle, a Toronto-based research firm that covers cannabis, crypto-currencies among others.

“Buy-side managers need to augment their portfolio to introduce significant portions of growth,” he said in a phone interview. With Beyond Meat, “we’re talking about something that is just truly in its infancy. This is a 16 to 18 bagger plus opportunity,” he said.

The alternative meat industry could be worth in excess of $34 billion by 2030, and a 40% annual growth rate over the next decade in America is more than achievable, George wrote in a note last week. “You’ve got Snoop Dogg, you’ve got Kyrie Irving, you’ve got some of the largest, most millennial facing superstars behind this,” George said. “Who’s going to care" about Tyson Foods?

George’s estimates are similar to those from Bernstein’s Alexia Howard, one of the two analysts covering the stock, who projects a $40.5 billion addressable market over the next decade. She holds a $81 price target on shares.

Fund managers are among those sounding the alarm on the stock’s soaring valuation. Harrington Alpha Fund founder Bruce Cox is on the bears’ side. He disclosed a short position in Beyond Meat last week. Smead Capital Management warned about its lofty price tag in a letter to investors on Tuesday.

While it “may be interesting,” Beyond Meat’s market value was 9.3 times bigger than Amazon’s on its first day of trading, Tony Scherrer wrote in a note. He underscored the fact that the company is losing money, faces a lot of well-heeled competitors and relies on a single supplier for 79% of the input to its products with no fixed contracts for any co-manufacturers.

“As investors, it’s enough to want a little animal fat in your common stock portfolio,” Scherrer wrote.

To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net

To contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Richard Richtmyer, Rita Nazareth

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.
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Concurrent en voormalig investeerder Tyson:

Tyson's Alternative Meats Can Become `Billion-Dollar Brand'
Bloomberg
Deena Shanker, Lydia Mulvany and Isis Almeida
,Bloomberg•May 15, 2019
(Bloomberg) -- While Tyson Foods Inc. is the biggest U.S. meat processor, its up-and-coming meatless protein product may steal the show.

The offering is set to debut this summer and could be a “billion-dollar brand,” Chief Executive Officer Noel White said at a conference in New York Wednesday. The company hasn’t said what form it will take, be it burger, sausage or meatball -- or all of the above.

Tyson sold its stake in Beyond Meat Inc. just before the latter’s stunning initial public offering earlier this month. Chief Financial Officer Stewart Glendinning touted Tyson’s resources, its transportation network, test kitchens, science labs and sales team. The company doesn’t even need to put new capital in to make a veggie burger that competes with the likes of Beyond Meat.

“The demand for protein is growing in the world, and certainly plant offers another opportunity for consumers to enjoy a protein-rich meal,” Glendinning said in an interview at the conference. “The kind of customers that will be the buyers of these products are already huge customers of the company, so we really believe we will be successful in the alternative protein space.”

Tyson has registered several trademarks recently that reference plant-based meat products including Raised & Rooted, Pact and Outsmart Compromise.

(Updates with CFO quote in fourth paragraph.)

--With assistance from Leslie Patton, Mario Parker and Millie Munshi.

To contact the reporters on this story: Deena Shanker in New York at dshanker@bloomberg.net;Lydia Mulvany in Chicago at lmulvany2@bloomberg.net;Isis Almeida in Chicago at ialmeida3@bloomberg.net

To contact the editors responsible for this story: James Attwood at jattwood3@bloomberg.net, Millie Munshi

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.
DeHardeWerker
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quote:

moneymaker_BX schreef op 17 mei 2019 17:41:


Weet iemand toevallig wanneer ze met cijfers komen?


Nog steeds te lui om iets zelf uit te zoeken ? Het valt steeds meer op dat je je totaal niet verdiept in de aandelen waarin je belegt en een ander moet je maar weer uitleggen hoe het zit.
moneymaker_BX
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quote:

DeHardeWerker schreef op 17 mei 2019 17:45:


[...]

Nog steeds te lui om iets zelf uit te zoeken ? Het valt steeds meer op dat je je totaal niet verdiept in de aandelen waarin je belegt en een ander moet je maar weer uitleggen hoe het zit.


Ga je kruiswoordpuzzel oplossen man ...je loopt mij(man) dag in dag uit achterna dat voelt heel heel eng want nogmaals ik ben hetero heb een mooie vriendin en zelfs die begint zich te ergeren aan je dus nogmaals reageer niet meer op me en volg me niet meer......
DeHardeWerker
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quote:

moneymaker_BX schreef op 18 mei 2019 11:03:


[...]

Ga je kruiswoordpuzzel oplossen man ...je loopt mij(man) dag in dag uit achterna dat voelt heel heel eng want nogmaals ik ben hetero heb een mooie vriendin en zelfs die begint zich te ergeren aan je dus nogmaals reageer niet meer op me en volg me niet meer......



Wanneer ga jij je gedrag eens aanpassen en doe je wat met de feedback die je op elk forum inmiddels krijgt van heel veel verschillende forum leden.
moneymaker_BX
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quote:

DeHardeWerker schreef op 18 mei 2019 21:04:


[...]


Wanneer ga jij je gedrag eens aanpassen en doe je wat met de feedback die je op elk forum inmiddels krijgt van heel veel verschillende forum leden.


Het hele forum wacht nog op je allereerste GALAPAGOS bijdrage
Maken we het nog mee voor 2025?
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Alternative meat market could be worth $140 billion in 10 years, Barclays says

Published: May 25, 2019 8:41 a.m. ET

Analysts cite success of Beyond Meat IPO as sign plant-based meats are gaining in acceptance.

By CIARA LINNANE
CORPORATE NEWS EDITOR

The market for plant-based or lab-made meat could climb to $140 billion in the next 10 years as emerging companies capture a 10% share of the $1.4 trillion meat market, Barclays said Wednesday.

In a new report, Barclays analysts led by Benjamin Theurer said investors and traditional food companies appear intrigued by the burgeoning sector, noting the stunning gains made by Beyond Meat Inc. BYND, -2.96% since its recent initial public offering. Beyond Meat ended its first day of trade a full 160% above its IPO price of $25 and is now about 218% higher.

“Although today we believe that there are inherent barriers to successfully replicating certain animal-based consumer favorites (e.g., T-bone steaks), what has been achieved so far in terms of “meatless” ground beef, sausage and hamburger products has yielded positive initial consumer reaction, which should bode well for the alternative meat sector to grab its fair share of the global meat market,” analysts wrote in the report.

The alternative meat industry has parallels with the electric vehicle industry, which is expected to disrupt the car business. But meat substitutes have the potential to grow even larger given the mainstream appeal of affordable food products and the niche audience that is drawn to electric cars.

See now: Beyond Meat goes public with a bang: 5 things to know about the plant-based meat maker

“With that said, we believe taste and price will ultimately dictate whether or not alternative meat gains widespread acceptance,” the analysts wrote. To achieve that goal, alternative meat companies need to target the demographic segment that drives meat consumption, which is men aged 14 to 70.

As consumers become more aware of the impact on the environment of the meat industry, alternative meats are likely to gain in acceptance and popularity, but there are risks to consider. One is that alternative meat may prove to be less healthy than some are claiming as companies turn to additives to add flavor or if regulators intervene to constrain marketing strategies.
“Alternative meat products can only partially address health & wellness concerns, as they have lower cholesterol levels but higher amounts of sodium,” said the report. “With health & wellness top of mind for consumers, food companies still have plenty to do.”
To really make the sector into a mainstream category will require a joint effort between food companies, restaurants and retailers.

“We believe that a broad marketing strategy educating consumers on the benefits of alternative meat via an “Inconvenient Truth”-style documentary, combined with visually appealing and edgy advertising a la the “Got Milk?” campaign, could be the ingredients that enable alternative meat to become a main course on the menu,” said the report.

Food companies that have demonstrated an interest in the sector include Tyson Foods Inc. TSN, -0.31% Kellogg Co. K, -0.93% Kraft Heinz Co. KHC, -1.08% Conagra Brands Inc. CAG, -0.21% and Nestlé SA NESN, -0.32% and Kerry Group PLC KRZ, -1.24% among others. These companies have either invested in plant-based meat startups or have developed their own.

See: Is a lab-grown hamburger what’s for dinner?

In the restaurant space, Burger King parent Restaurant Brands International Inc. QSR, -0.19% has launched tests of Beyond Meat breakfast sausage at Tim Hortons and of Impossible Burgers at Burger King. Impossible Meat, the private company behind the Impossible Burger, was founded in 2011 and is backed by Microsoft MSFT, +0.05% founder Bill Gates, Khosla Ventures and Hong Kong billionaire Li Ka-shing, among others.

Even Swedish furniture retailer IKEA has got in on the trend with a plan to sell customers a plant-based version of its signature meatballs.

www.marketwatch.com/story/alternative...
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Productie Beyond Meat voor europese markt vanaf q1 2020 in Nl.
Omzetverhoging van 18,5% bij proeflocaties Burger King. Deze keten heeft de Impossible Whopper, concurrent van Beyond Meat. De succesvolle proef leidt tot een rollout nationwide. Mc Donalds zegt nog bezig te zijn met marktonderzoek. Voormalig ceo van Mc Donalds zit in de board van Beyond en heeft 5% vd aandelen. Geschat wordt dat een samenwerking het aandeel een boost kan geven van zo'n 30%.

finance.yahoo.com/news/beyond-meat-sh...

Off to the races?
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Vleesdisrupter Beyond Meat bouwt in Nederland eerste fabriek buiten VS

28 mei 2019 - 13:54

Beyond Meat, de plantaardige vleesdisrupter die deze maand in de Verenigde Staten naar de beurs ging, bouwt in Nederland zijn eerste fabriek buiten de VS. Vanaf 2020 moeten in Zoeterwoude de eerste vegaburgers van de band rollen, bestemd voor de Europese markt.

Beyond Meat zorgde begin deze maand op Wall Street voor de beste beursgang van dit jaar tot nu toe. Het bedrijf van Ethan Brown (foto boven) debuteerde met een beurswaarde van 1,5 miljard dollar. Die waardering klom sindsdien naar 4,7 miljard dollar. (Om de vega-gekte compleet te maken haalde concurrent Impossible Foods 2 weken na de IPO van Beyond Meat een investering van 300 miljoen dollar op.)

In Nederland dook Beyond Meat eind april al op in de schappen van Albert Heijn. Maar het Amerikaanse bedrijf blijkt in ons land nog veel grotere plannen te hebben. Om de Europese markt beter te kunnen bedienen, opent het bedrijf in het eerste kwartaal van volgend jaar een vegafabriek in Zoeterwoude. Die wordt nota bene gebouwd door vleesgigant Zandbergen World’s Finest Meat.

Het bedrijf begon vorig jaar al met de distributie van Beyond Meat’s producten in Europa (retail en foodservice). “Aangezien de vraag naar plantaardige producten in Europa blijft groeien, zijn we erg enthousiast dat we met Beyond Meat samen kunnen werken om hun innovatieve producten buiten de Verenigde Staten te produceren”, zegt commercieel directeur Adriaan Figee.


Dringen
Beyond Meat gaat vanuit Zoeterwoude ook op jacht naar “populaire hamburgerketens en innovatieve restauranthouders die op zoek zijn naar heerlijk, kwalitatief hoogwaardig plantaardig vlees”. Beyond Meat strikte 3 jaar geleden een voormalig ceo van McDonald’s als bestuurder. Het is dringen in fastfoodland. McDonald’s ging eerder deze maand voor vegan burgers in zee met multinational Nestlé, in de VS werd Burger King in april klant van Impossible Foods.


De bouw van de Beyond Meat-fabriek in Zoeterwoude blijkt stiekem al een tijdje bezig te zijn. Derde van links is Beyond Meat-bestuursvoorzitter Seth Goldman.

Vegatrein
Naast Zandbergen sprongen meer Nederlandse vleesbedrijven op de vegatrein. Jan Zandbergen, een vleesbedrijf dat voortkomt uit dezelfde familie als Zandbergen World’s Finest Meat, ging begin dit jaar in zee met de Britse vegaproducent Moving Mountains. In maart maakte vleesleverancier Bolscher uit Enschede bekend zelf vegetarische en veganistische producten te gaan maken. Vleesbedrijf Zwanenberg maakt sinds kort ook vegetarische leverworst en paté. Unilever lijfde vorig jaar De Vegetarische Slager in.

Beyond Meat en Impossible Foods proberen hun winst bij dezelfde doelgroep te halen als De Vegetarische Slager, oftewel: de vleeseter die ook plantaardig wil eten. Beyond Meat prijst zijn producten dan ook niet per se aan als “vegetarisch”, maar als “de toekomst van eiwit” (’the future of protein’). Die markt voor alternatieven voor vlees groeit de komende 10 jaar naar een omvang van 140 miljard dollar, schatten analisten van de Britse bank Barclays. Dat komt neer op 10 procent van de wereldwijde vleesconsumptie.

What’s in a name
Een risico voor vegabedrijven is dat de Landbouwcommissie van het Europese Parlement onlangs een voorstel aannam om het gebruik van benamingen als ‘vegaburger’ en ‘sojayoghurt’ te verbieden. Na de Europese verkiezingen is nu het Europarlement aan zet om over het voorstel te stemmen.

Potentie
Beyond Meat en Impossible Foods weten vleeseters op het gebied van smaak en structuur te overtuigen van hun product. Milieubewuste kopers vallen voor de lagere CO2-belasting vergeleken met het vetmesten van dieren. Vegaburgers hebben een gezond imago, al hangt dat in de praktijk af van de hoeveelheid zout, vet, koolhydraten en smaakversterkers.

De bal ligt bij bedrijven zoals Beyond Meat om de (beurs)hype waar te maken; het zijn vooralsnog kleine spelers in een gigantische markt. Tegenover een omzet van 88 miljoen dollar vorig jaar boekte Beyond Meat een verlies van 33 miljoen dollar. Het bedrijf telt nu 355 medewerkers.

www.sprout.nl/artikel/startups/vleesd...
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Getest: The Beyond Burger van Beyond Meat
door Lauren Kreijger | 31 mei 2019 | burgers, Nieuws, Vleesvervangers | 0 Reacties

Getest: The Beyond Burger van Beyond Meat

Regelmatig test ik een vleesvervanger die verkrijgbaar is in de supermarkt: van Vivera tot Garden Gourmet, van Maza tot SoFine en van Tivall tot Goodbite. Net zo lang tot ik ze allemaal gehad heb en we van alle varianten de smaak, eigenschappen en voedingswaarde kennen. Zo hoef je nooit meer twijfelend voor het schap-van-oneindige-vreemde-mogelijkheden te staan. Vandaag getest: de veelbesproken Beyond Burger van Beyond Meat!

Beyond Burger van Beyond Meat
Beyond Meat is een Amerikaans bedrijf, opgericht door Ethan Brown. Het bedrijf heeft de afgelopen tijd enorm veel aandacht in de media gekregen, met name dankzij hun succesvolle Beyond Burger. Het is de burger die alle bestaande vleesvervangers zou overtreffen. Hij was in Nederland een tijdje verkrijgbaar in een handjevol restaurants, maar begin deze maand werd deze burger eindelijk ook geïntroduceerd in een van onze bekendste supermarkten: Albert Heijn. Vandaag testen wij deze populaire burger!

Smaak, structuur en toepassing
Na alle publiciteit die deze burger kreeg, waren wij natuurlijk onwijs nieuwsgierig naar deze burger. Eén verpakking bevat twee nogal vochtige burgers die de indruk wekken niet heel stevig te zijn. Dit bleek te kloppen, aangezien er nog voor het bakken al een stukje van de burger af brak. Wel was die herkenbare vleeslucht al bij het openen van de verpakking aanwezig. Het bakken in de pan ging redelijk goed. De burgers hadden binnen enkele minuten een mooi krokant randje, maar het ‘bloeden’ dat de burger zogenaamd zou doen? Dat gebeurde niet. Wel viel ons op dat er tijdens het bakken onwijs veel olie uit de burger kwam. Bij het testen van de burger vielen ons een aantal dingen op. De burger oogde namelijk nogal grauw. Het snijden ging niet heel soepel, maar liet ons wel meteen de vezel/vlokachtige structuur van de burger zien. Bij het proeven kwam de verbazing. De burger smaakte echt naar vlees! Naar tartaar om precies te zijn. De burger heeft een lekker rokerige smaak, maar is wel redelijk zout. Verder proefden wij duidelijk de ‘vlokken’ in de structuur van de burger, wat niet door iedereen gewaardeerd werd. Wij zien deze burger terug op een lekker broodje of naast je aardappelen en groenten.

Voedingswaarde
The Beyond Burger is gemaakt van erwteneiwitisolaat (18%), water, koolzaadolie, geraffineerde kokosolie, aroma, rookaroma, stabilisatoren: cellulose, methylcellulose, arabische gom; aardappelzetmeel, maltodextrine, gistextract, zout, zonnebloemolie, gedroogde gist, antioxidanten; ascorbinezuur, azijnzuur, kleurstof: bietenrood, gemodificeerd zetmeel, appelextract, citroensapconcentraat. Wanneer we vervolgens kijken naar de voedingswaarden, leren we het volgende: één burger van 113,5 gram bevat 302 kcal, 5 g verzadigd vet, 1,3 g zout en 20,4 gram eiwitten.

www.dehippevegetarier.nl/vleesvervang...
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Beyond Meat drops after Nestle says it’s launching a veggie burger
Carmen Reinicke 17 uur 32


Nestlé announced Monday that it will launch a veggie burger in the US this fall.
Shares of Beyond Meat slid as much as 5% on the news.
Plant-based protein is gaining popularity in the US and abroad, with grocery stores and fast-food chains adding vegan options.
Watch Beyond Meat trade live.
Beyond Meat, the plant-based burger maker, has some new competition.

On Monday, Nestlé said it is planning to launch its own plant-based burger in the US, sending Beyond Meat shares down as much as 5%. Beyond Meat has been the best-performing US IPO this year, up almost 300% from its initial-public-offering price of $25.

The veggie burger will be launched this fall by Nestlé’s Sweet Earth brand, CNBC reported Monday. The news comes as plant-based protein is gaining popularity in the US. Both grocery stores and fast-food chains now offer alternative meat to consumers. The $14 billion market could balloon to roughly $140 billion over the next decade, according to a report by Barclays.

Sweet Earth’s Awesome Burger will be made with pea protein, similar to Beyond Meat’s patty. The burger is not Nestle’s first foray into the plant-based burger world – the company in April launched a soy-and wheat-based burger in Europe under its Garden Gourmet brand. In addition, it’s Incredible Burger is available at McDonald’s in Germany.

Impossible Foods, another competitor, makes a veggie burger with soy protein. The company worked with Burger King to create the Impossible Whopper, a vegan burger that the chain plans to roll out to the entire country by the end of the year. Fast-food chains such as KFC, Del Taco, and Tim Hortons have also added vegan meat to menus in recent months, and Chick-fil-A and McDonald’s are also exploring adding vegan options to their menus.

Beyond Meat’s stock could see a 30% lift if it secures a partnership with McDonald’s, analysts at Jefferies wrote in a note. The company, which has gained more than 300% since its May IPO, is being watched closely by investors as the stock price surge has made it an expensive short.

Beyond Meat will report its first quarterly earnings as a public company after Thursday’s closing bell.
www.businessinsider.nl/beyond-meat-st...
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Beyond Meat’s stock pops on report that meatless companies are struggling to meet demand.
PUBLISHED TUE, JUN 4 2019 10:07 AM EDTUPDATED TUE, JUN 4 2019 4:00 PM EDT
Maggie Fitzgerald
@MKMFITZGERALD
KEY POINTS
Both Beyond Meat and rival Impossible Foods have struggled to meet surging demand for meat alternative products, according to a report from the Wall Street Journal.
Beyond Meat will report first-quarter earnings after the bell Thursday in the company’s first earnings report since becoming a public company.
www.cnbc.com/2019/06/04/beyond-meats-...
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Nestlé komt in de herfst met een burger.

Nestle gears up to launch its own plant-based burger in the US.
PUBLISHED MON, JUN 3 2019 9:00 AM EDTUPDATED MON, JUN 3 2019 2:38 PM EDT
Amelia Lucas
KEY POINTS
Nestle’s Sweet Earth brand will launch a plant-based burger in the U.S. this fall.
The world’s largest food company sells a soy-based vegan burger in Europe, but Sweet Earth’s version is pea-based.
Beyond Meat also uses a pea proteins for its burger, while Impossible Foods’ vegan burger is soy-based.
www.cnbc.com/2019/06/03/nestle-gears-...
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Nabeurs Q1 cijfers en outlook:

Beyond Meat gives strong guidance, shares rise.

Heidi Chung
Yahoo FinanceJune 6, 2019
Beyond Meat (BYND) shares soared 16% after reporting its first quarterly earnings release as a public company.

The alternative-meat company posted revenue of $40.2 million exceeding analysts estimates of $38.92 million during the first quarter. Beyond Meat reported a net loss of $6.6 million, compared to a net loss of $5.7 million last year. Pro forma, or excluding items, the company reported a loss of 14 cents per share.

For the full year, Beyond expects revenue above $210 million. Previous estimates were for $205 million. The El Segundo, California-based company revealed that it discontinued its frozen chicken strip products during the first quarter causing a 5% decline in the frozen product revenue. According to the company, it will continue to shift its focus to its fresh product items.

“We are very pleased with our successful IPO during the month of May and our strong first quarter financial results that we believe demonstrate mainstream consumers’ desire for plant-based meat products in the United States and internationally,” CEO Ethan Brown said in a statement. “Our team continued to scale our business in both retail and foodservice as we benefited from broad-based growth in the first quarter. Looking ahead, we believe we are in the early stages of achieving the growth that Beyond Meat is capable of as we remain focused on efforts to increase brand awareness, expand our distribution channels, launch additional innovative products, and invest in our infrastructure and capacity to be able to serve a robust global market for plant-based meats.”

The hype surrounding the alternative-meat space has been on fire, drawing the attention of investors and Wall Street alike. Shares of Beyond Meat have skyrocketed since its IPO. After pricing at $25, the stock has rallied more than 300% in one month, and many are expecting it to fall back to Earth.

Like its recent IPO peers Uber (UBER) and Lyft (LYFT), Beyond Meat is not a profitable company.

Jefferies analyst Kevin Grundy currently thinks Beyond Meat is the best bet in the Staples space. “Beyond is one of the fastest growing food [companies] competing in the ~$1.4T global / $270B U.S. meat industry, capitalizing on the nascent consumer shift from traditional protein to plant-based protein,” he wrote in a note May 28.

In addition, Grundy believes that Beyond Meat could benefit from creating more partnerships in the food service industry, specifically with fast food giant McDonald’s (MCD). While McDonald’s sells alternative-meat menu items internationally, the burger chain has yet to introduce options in the U.S. “We believe there is a high probability MCD will add plant-based protein to its menu given BK's launch of Impossible Whoppers nationwide,” Grundy said. “While at least partially discounted in the stock, we [estimate] a potential launch at MCD is worth up to ~$25/share for Beyond.”

However, Beyond Meat faces challenges ahead as competition stiffens. Earlier this week, consumer giant Nestle announced that it would also be launching a plant-based burger in the U.S. called the Awesome Burger. Shares of Beyond Meat tanked 7% on the announcement.

When asked on the earnings conference call about competition, Brown said, “first and foremost, it’s a very large market. So in some sense, competitors coming in validates the direction that we’re going ... I am maniacally focused on driving this business forward with innovation.”

While Goldman Sachs believes that Beyond Meat is a key early player in the alternative-meat industry that has strong growth potential, analyst Adam Samuelson has a Neutral rating and a $67 12-month price target. His price target represents a nearly 34% drop from Wednesday’s closing price. “In our view, with still considerable risk to BYND’s longer-term ability to further expand production/raw material supply, sustain its pace of product innovation, and remain differentiated versus established food companies entering the category (e.g., Nestle) and other nascent industry peers,” Samuelson wrote in a note May 27.

According to data compiled by Bloomberg, Beyond Meat stock has two Buys, seven Holds and zero Sell ratings. The average price target is $73.40, which is a 28% move lower from current trading levels.
finance.yahoo.com/news/here-what-to-e...
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EUR/USD 1,0859 +0,0003 +0,02% 12:59
BTC/USD 7.320,7300 -13,4700 -0,18% 12:59
WTI^ 27,02 +0,69 +2,62% 12:59
Brent^ 34,51 +0,93 +2,77% 12:59
#/^ Index indications calculated real time, zie disclaimer

Stijgers & Dalers

Stijgers Laatst +/- % tijd
Aedifica 99,100 +3,700 +3,88% 12:40
Solvay 71,320 +2,100 +3,03% 12:42
Aperam 22,770 +0,570 +2,57% 12:42
Dalers Laatst +/- % tijd
KBC Groep 47,340 -0,930 -1,93% 12:42
Colruyt 53,860 -0,800 -1,46% 12:39
arGEN-X 130,000 -1,000 -0,76% 12:34

Brussel real time stocks quotedata by Euronext. Other real time EU stocks, by Cboe Europe Ltd.; US stocks by NYSE & Cboe BZX Exchange, 15 min. delayed
#/^ Index indications calculated real time, zie disclaimer, streaming powered by: VWD Group