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2 Consumer Stocks I Wouldn't Touch With a 10-Foot Pole
fool.com· 2024-05-19 09:20
These companies have terrible unit economics and are in precarious financial positions.The last 15 months have been a fantastic time to own stocks. The last 15 years, if we're really being honest. In this most recent run, an artificial intelligence (AI) boom and soaring profits for technology companies have helped the stock market indexes break through to new highs multiple times in 2024.Investors also appear excited to once again place bets on money-losing start-ups. In that way,  the market feels eerily s ...
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
Beyond Meat (NASDAQ:BYND) stock is rallying higher on Tuesday as investors are hoping for the meatalternative company's shares to undergo a squeeze. These hopes make sense considering that 25,356,827 shares of BYND stock are shorted. That's roughly 40.97% of the company's float. The high short interest makes it a price target for a squeeze. Adding to this is the recent interest in pumping up shorted stocks. This comes alongside a rally of meme stocks that started yesterday. That was initiated with the retur ...
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
Doing right doesn’t have to come at the cost of shareholder profitability as these ideas for best vegan stocks to buy may demonstrate. Yes, veganism might be an odd practice for many Americans. Still, it’s growing steam as we speak.Want to know why you should consider this burgeoning space? Young people – defined as those falling between the ages of 18 and 34 – are more attuned to sustainability concerns, such as animal welfare, climate change and overall health and wellness.They (as the emerging consumer g ...
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
Beyond Meat (BYND) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.68. This compares to loss of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.88%. A quarter ago, it was expected that this plant-based meat company would post a loss of $0.82 per share when it actually produced a loss of $0.92, delivering a surprise of -12.20%.Over the last four quarters, the compan ...
Beyond Meat(BYND) - 2024 Q1 - Quarterly Results
2024-05-08 20:33
Exhibit 99.1 For immediate release ® Beyond Meat Reports First Quarter 2024 Financial Results EL SEGUNDO, Calif. — May 8, 2024 (GLOBE NEWSWIRE)—Beyond Meat, Inc. (NASDAQ: BYND) ("Beyond Meat" or "the Company"), a leader in plant-based meat, today reported financial results for its first quarter ended March 30, 2024. First Quarter 2024 Financial Highlights 1 • Net revenues were $75.6 million, a decrease of 18.0% year-over-year. • Gross profit was $3.7 million, or gross margin of 4.9%, compared to gross profi ...
Down 8% This Year, Will Beyond Meat Stock Recover Following Q1 Results?
Forbes· 2024-05-08 12:45
CHICAGO, ILLINOIS - FEBRUARY 29: Beyond Meat products are offered for sale at a grocery store on ... [+] February 29, 2024 in Chicago, Illinois. Beyond Meat experienced a surge in it's stock price of Tuesday after the maker of plant-based meat substitutes topped market expectations for fourth-quarter revenue. (Photo by Scott Olson/Getty Images)Getty ImagesBeyond Meat stock (NASDAQ NASDAQ : BYND), a plant-based meat alternative company, is scheduled to report its fiscal first-quarter results on Wednesday, Ma ...