Profile
Sector:
Consumer DefensiveIndustry:
Packaged FoodsCountry:
United StatesIPO:
02 May 2019Website:
http://www.beyondmeat.comNext earnings report:
27 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Sat, 16 Nov 2024 00:44:23 GMTDividend
Analysts recommendations
Institutional Ownership
BYND Latest News
Beyond Meat's Q3 report showed decent revenue growth and margin improvement, but cash burn and a massive debt pile are major concerns. The company's balance sheet continues to weaken, with cash reserves and working capital dwindling, increasing bankruptcy risk. Despite some operational improvements, Beyond Meat's valuation is unattractive compared to more stable competitors in the space.
Beyond Meat (BYND) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $1.09 per share a year ago.
EL SEGUNDO, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, announced today it will report financial results for the third quarter ended September 28, 2024 on Wednesday, November 6, 2024 after market close.
Are these stocks too risky to take a chance on today?
If the stock price of Beyond Meat Inc. NASDAQ: BYND is any indication, the plant-based meat boom has come and gone. The stock peaked at a whopping $239.71 in July 2022 and has since withered away to an all-time low of just $5.20 on Aug. 5, 2024.
In the latest edition of Good Buy or Goodbye, host Josh Lipton welcomes Mizuho managing director and senior consumer equity research analyst John Baumgartner to discuss the best investing strategies when assessing health conscious consumers. Baumgartner names BellRing Brands (BRBR) as a stock to buy for investors, noting the company is a "leader in the US ready-to-drink protein shake category.
After the product attracted widespread interest, consumers and restaurants now buy less plant-based meat. Amid ongoing losses, it is not well positioned to issue more shares or take on new debt.
After almost a 28% decline this year, at the current price of around $6 per share, we believe Beyond Meat stock (NASDAQ: BYND), a plant-based meat alternative - is fairly priced. BYND stock has dropped from around $9 to $6 year-to-date, largely underperforming the broader indices, with the S&P growing about 17% over the same period.
Beyond Meat stock has been one of the market's worst performers, losing over half its value due to revenue growth troubles. The company's Q2 report showed a smaller than expected revenue decline and improved margins, but also more losses and cash burn. With a debt heavy balance sheet, management has a lot of work to do to keep the company afloat moving forward.
A few years ago, venture capital poured a lot of money into the plant-based foods market. At the time, the possibilities seemed bright.
What type of business is Beyond Meat?
Beyond Meat, Inc. is a Delaware corporation - a food company in the United States that offers a range of plant-based meat products. Beyond Meat, Inc. was registered on April 8, 2011 under the name "J Green Natural Foods Co". The corporation produces meat directly from plants - an innovation that allows consumers to experience the taste, texture, and other sensory properties of traditional animal-based meat products by consuming plant-based meat products. Beyond Meat creates plant-based products using patented scientific processes that determine the architecture of animal-based meat, which the Issuer seeks to reproduce, and then constructs it using plant-based amino acids, lipids, carbohydrates, micronutrients, and water.
What sector is Beyond Meat in?
Beyond Meat is in the Consumer Defensive sector
What industry is Beyond Meat in?
Beyond Meat is in the Packaged Foods industry
What country is Beyond Meat from?
Beyond Meat is headquartered in United States
When did Beyond Meat go public?
Beyond Meat initial public offering (IPO) was on 02 May 2019
What is Beyond Meat website?
https://www.beyondmeat.com
Is Beyond Meat in the S&P 500?
No, Beyond Meat is not included in the S&P 500 index
Is Beyond Meat in the NASDAQ 100?
No, Beyond Meat is not included in the NASDAQ 100 index
Is Beyond Meat in the Dow Jones?
No, Beyond Meat is not included in the Dow Jones index
When was Beyond Meat the previous earnings report?
No data
When does Beyond Meat earnings report?
The next expected earnings date for Beyond Meat is 27 February 2025