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Down 89% Since Its IPO, Is Beyond Meat Stock Too Cheap to Pass Up?
fool.com· 2024-05-23 13:30
Is Beyond Meat a bargain buy or just a value trap?Beyond Meat (BYND -0.68%) was an exciting new stock to hit the markets in 2019. As a potential alternative to meat-based burgers, its plant-based products were definitely full of potential. But despite launching multiple products, Beyond Meat's business hasn't been taking off. In fact, sales have been declining of late.The company faces a challenging road ahead as it tries to generate sales growth while also paving a way to profitability. There's plenty of r ...
3 Stocks to Watch Closely for Superb Earnings Acceleration
zacks.com· 2024-05-20 12:15
Core Insights - Earnings acceleration is a key indicator of a company's potential for stock price appreciation, as it reflects incremental growth in earnings per share (EPS) [1] - Companies with increasing earnings growth percentages are considered fundamentally sound, while those with decelerating growth may face price declines [2] Screening Parameters - Stocks should be screened for the last two quarter-over-quarter EPS growth rates exceeding previous periods' growth rates [3] - The projected EPS growth rate for the current quarter must be greater than the previous quarter's growth rate, and this pattern should continue for the preceding quarters [3][4] - Additional criteria include a current stock price of at least $5 and an average 20-day trading volume of 50,000 or more to ensure liquidity [4] Notable Stocks - Beyond Meat (BYND) is highlighted with an expected earnings growth rate of 44.2% for the current year and currently holds a Zacks Rank 3 (Hold) [4] - Sea Limited (SE) has an expected earnings growth rate of 19.9% and holds a Zacks Rank 2 (Buy) [5] - Expro Group Holdings (XPRO) stands out with an expected earnings growth rate of 426.3% and currently has a Zacks Rank 3 [5]
2 Consumer Stocks I Wouldn't Touch With a 10-Foot Pole
fool.com· 2024-05-19 09:20
Core Viewpoint - The current stock market environment, driven by an AI boom and technology profits, resembles the speculative atmosphere of 2021, posing risks for investors in growth stocks [1] Company Summaries Opendoor Technologies - Opendoor has never been profitable, reporting a net income of negative $283 million on a gross profit of $431 million over the last 12 months [3] - Revenue declined by 62% year over year in Q1 2024 as the company reduced operations to remain viable [3] - The business model of buying and selling real estate online is flawed, exacerbated by rising interest rates, and requires significant capital investment [4] - Opendoor's book value per share has decreased by 68% from all-time highs to $1.30, while the stock trades at $2.50, nearly double its book value [4] - There are no redeeming qualities in Opendoor's business model, indicating potential further downside [5] Beyond Meat - Beyond Meat has experienced declining revenue for multiple years, with an 18% year-over-year revenue drop last quarter and gross margins at only 4.9% [6] - The company has reported negative net income since 2020, with the stock down 96% from all-time highs [7] - Consumer interest in plant-based meat products is waning, suggesting a bleak outlook for Beyond Meat's future growth [7]
Beyond Meat Stock Is Suddenly Surging: Should You Buy the Rip?
fool.com· 2024-05-19 09:10
As always, investors need to watch the business and not the stock.It's been a disappointing journey for shareholders of plant-based meat company Beyond Meat (BYND -0.14%). Shares are down 96% from their all-time highs in 2019. It was a disappointing journey -- that is, until things started getting interesting over the last month.In just one month, Beyond Meat stock is up 34%, outpacing the 2% return for the S&P 500. It's one of the best performances the stock has had in a long time. Could the outlook for sh ...
Beyond Meat (BYND) Stock Soars on Short Squeeze Hopes
InvestorPlace· 2024-05-14 15:57
Group 1 - Beyond Meat (BYND) stock is experiencing a rally as investors anticipate a potential short squeeze due to high short interest, with 25,356,827 shares shorted, representing approximately 40.97% of the company's float [1] - The stock has seen heavy trading activity, with over 12 million shares traded, significantly surpassing its daily average of about 3.7 million shares [2] - As of Tuesday morning, BYND stock is up 20.1% for the day and has increased 17.5% since the beginning of the year [2] Group 2 - The recent interest in shorted stocks is linked to a broader rally in meme stocks, reminiscent of the 2021 meme stock phenomenon initiated by the trader known as Roaring Kitty [1] - If 2024 mirrors the trends of 2021, it could lead to a rise in several meme stocks as traders attempt to push shorts out of these positions [1]
Beyond Meat: Bird Flu Is Big
Seeking Alpha· 2024-05-12 05:13
Sundry Photography Investment Thesis Despite the company’s current challenges including a substantial debt load, operational inefficiencies, and lackluster sales attributed to what I believe to be as poor product-market fit (PMF), I believe that Beyond Meat’s (NASDAQ:BYND) total addressable market (TAM) could see significant expansion, particularly under scenarios like a bird flu epidemic impacting US cattle supplies. I am not a consumer myself but such an event could drive some red meat consumers to ex ...
The 3 Best Vegan Stocks to Buy in May 2024
InvestorPlace· 2024-05-10 10:08
Core Insights - The vegan market is growing, particularly among younger consumers aged 18 to 34, who prioritize sustainability and health [1] Company Summaries Oatly (OTLY) - Oatly specializes in dairy alternatives, particularly oat milk, and has a significant total addressable market due to the 68% of the global population experiencing lactose malabsorption [2] - Despite a 45% drop in share value over the past year, Oatly remains a speculative investment opportunity [3] SunOpta (STKL) - SunOpta manufactures plant-based and fruit-based products and has received a unanimous strong buy rating from analysts [5] - The average price target for SunOpta is $9.40, indicating over 66% upside potential, with a high-side target of $10, projecting 77% growth [5] - Revenue forecasts are $684.15 million for 2024 and $757.74 million for 2025, up from $630.3 million in 2023 [6] Beyond Meat (BYND) - Beyond Meat has a moderate sell rating, with no buy ratings from analysts, and an average price target of $6.07, suggesting a 26% downside risk [7] - The company has seen a 33% decline in share value over the past year, particularly after disappointing earnings [8]
BYND stock price and the dying plant-based meat industry
Invezz· 2024-05-09 12:09
Beyond Meat (NASDAQ: BYND) stock price has been in a strong bull run as it surged by 40% between April 25th and May 6th. It then suffered a harsh reversal on Wednesday after the company published weak financial results. It tumbled to a low of $7.12, down by 13.4% from its highest point this month.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The plant-based meat industry is strugglingCopy link to sectionBeyond Meat is one of the top disruptors in th ...
Beyond Meat(BYND) - 2024 Q1 - Earnings Call Transcript
2024-05-09 00:28
Beyond Meat, Inc. (NASDAQ:BYND) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Paul Shepherd - VP, FP&A & IR Ethan Brown - Founder, President & CEO Lubi Kutua - CFO & Treasurer Conference Call Participants Alexia Howard - Bernstein Ben Theurer - Barclays Adam Samuelson - Goldman Sachs Ken Goldman - JPMorgan Michael Lavery - Piper Sandler Daniel Gold - BMO Peter Saleh - BTIG Robert Moskow - TD Cowen Operator Welcome to the Beyond Meat 2024 First Quarter Conference Call. All part ...
Beyond Meat (BYND) Reports Q1 Loss, Lags Revenue Estimates
Zacks Investment Research· 2024-05-08 23:01
Financial Performance - Beyond Meat reported a quarterly loss of $0.72 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.68, but an improvement from a loss of $0.92 per share a year ago [1] - The company's revenues for the quarter ended March 2024 were $75.6 million, missing the Zacks Consensus Estimate by 2.68% and down from $92.24 million year-over-year [1] - Over the last four quarters, Beyond Meat has not surpassed consensus EPS estimates and has topped revenue estimates only once [1] Stock Performance and Outlook - Beyond Meat shares have declined approximately 7% since the beginning of the year, contrasting with the S&P 500's gain of 8.8% [2] - The company's earnings outlook is crucial for future stock movements, with current consensus EPS estimates of -$0.55 for the next quarter and -$2.29 for the current fiscal year [4] Industry Context - The Food - Meat Products industry, to which Beyond Meat belongs, is currently ranked in the top 1% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [5] - Hormel Foods, another company in the same industry, is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year decline of 10% [5]