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Is Beyond Meat (BYND) Stock on the Brink of Death?
Investor Place· 2024-07-18 17:54
The plant-based meat craze may be over for one of the industry’s top companies likely on its way out. Beyond Meat (NASDAQ:BYND) stock once traded at more than $230 per share as consumers bought up its products. But years later, BYND stock has bled out almost all of its value, falling 97% since its 2019 peak.Bad news had been steadily piling up for years for Beyond Meat and yesterday things only got worse. A report from The Wall Street Journal reveals that Beyond Meat is in talks with bondholders regarding b ...
Why Beyond Meat Is Crashing Today
The Motley Fool· 2024-07-18 16:31
Rumors of a restructuring are credible, even if they're unconfirmed.There was a time when Beyond Meat (BYND -10.04%) was hailed as a must-have investment due to the planet-saving nature of its products. Now the plant-based meat manufacturer is seemingly fighting for its own survival. Beyond Meat shares are down 10.6% as of 12:05 p.m. ET today, according to data from S&P Global Market Intelligence, in response to reports that the company is looking to restructure its debt.That's the polite way of saying the ...
3 Meme Stocks to Sell Even as the Euphoria Gains Traction
Investor Place· 2024-07-17 20:20
The U.S. markets are trading at all-time highs, and gold is nearing $2,500 an ounce. Little doubt exists that a rate cut is coming soon. As the markets are embrace euphoria, expect ample opportunities to make quick money. So, we will examine meme stocks to sell so that capital can be preserved.Even in the biggest of bull markets, laggards and underperformers are apparent. Therefore, investors need to exercise caution and focus on fundamentals over price. Even the meme stocks need a reason to skyrocket. If b ...
3 Cultured Meat Stocks Serving Up Innovation
Investor Place· 2024-07-17 18:01
New tissue engineering and regenerative medicine techniques are pushing the cultured meat industry forward, which will be a boon for cultured meat stocks. The methods of producing cultured meat are improving, making it cheaper and improving texture to resemble ordinary meat. Customer awareness of sustainable and animal-friendly meat products, as well as the fear of diseases, is increasing, which boosts the market for cultured meat products. Also, more and more investors are aware that cultured meat could si ...
4 Meat Food Stocks Poised for Growth on Solid Industry Trends
ZACKS· 2024-07-10 14:15
The Zacks Food – Meat Products industry players have been benefiting from increased consumer demand for protein-rich products, driven by a heightened focus on health and wellness. Initiatives to leverage these trends through product diversification, capacity expansion and the exploration of plant-based meats have been highly effective.However, several meat companies have been battling hurdles associated with inflated input costs and high operating expenses. Nonetheless, the abovementioned upsides keep Tyson ...
McDonald's Says Beyond Meat Burger Test Failed. What Could It Mean for Investors?
The Motley Fool· 2024-07-01 13:08
Core Viewpoint - Beyond Meat's stock has significantly declined, down 96% over the past five years, with a 23% drop year-to-date, reflecting ongoing challenges in demand and financial stability [1] Demand Issues - McDonald's reported that its test of the McPlant burger, made with Beyond Meat patties, failed in test markets, indicating a lack of demand even in vegetarian-friendly areas like San Francisco [2] - Beyond Meat's product sales volume fell 16% to 16.57 million pounds in the most recent quarter, with U.S. retail volumes down 10% to 7.47 million pounds and U.S. food service volumes down nearly 21% to 2.20 million pounds [3] International Performance - Despite struggles in the U.S. market, Beyond Meat had previously seen success internationally, with international food service volumes climbing nearly 60% last year and sales rising 34% [3] - However, in Q1, international food service sales volumes dropped 25% to 4.16 million pounds, and international retail sales volumes fell 13% to 2.91 million pounds [3] Financial Challenges - Beyond Meat faces declining revenue alongside falling sales volumes, with dollar-based revenue down 18% in Q1 despite a 16% drop in volumes [4] - Gross margins are extremely low at 4.9% in Q1, leading to operating deleverage [4] Debt Obligations - The company is experiencing negative cash flow, with operating cash flow at -$31.8 million in Q1 and -$107.8 million in 2023 [5] - Beyond Meat has a convertible note exceeding $1.1 billion due in March 2027, raising concerns about its ability to refinance and the potential need for bankruptcy protection [5] Overall Outlook - The recent McDonald's news highlights Beyond Meat's ongoing struggles, compounded by declining international market performance and significant debt obligations [6]
Where Will Beyond Meat Be in 3 Years?
The Motley Fool· 2024-06-30 16:37
Beyond Meat is struggling for its life today, and the next three years could determine whether it survives or not."We continue to work to position 2024 as a pivotal year as we strive to achieve sustainable and profitable operations." That was how Beyond Meat's (BYND -1.90%) CEO Ethan Brown ended his commentary on first-quarter 2024 earnings in the company's earnings news release. Although it is good that the food maker is working on its problems, it is not good that it has to work on any problems. Sadly, th ...
Trade of the Day: Beyond Meat (BYND) Stock Is Cooking a Contrarian Trade
Investor Place· 2024-06-25 12:12
Plant-based meat maker Beyond Meat (NASDAQ:BYND) is not an enticing long-term investment for conservative market participants. The company has consistently lost money. In addition, after posting revenue of $464.7 million in 2021, it has seen sales growth erosion. That’s not what you want to see for an industry that’s expected to blossom. Still, BYND stock could be a quick scalping opportunity for the contrarian trader.Fundamentally, Beyond Meat should perform better than it has. Since the start of the year, ...
Beyond Meat® Expands Beyond IV Product Line with the Debut of New Beyond Sausage® at Grocery Stores Nationwide, Including at Kroger and Whole Foods Market
Newsfilter· 2024-06-20 13:30
The delicious, fourth generation Beyond Sausage offers enhanced flavor and meaty texture while raising the bar on nutrition and earning recognition from leading health organizations Now made with avocado oil, the new Beyond Sausage has just 2g of saturated fat per link and 17g of protein per link To celebrate the new fourth generation range, Beyond Meat is today debuting a first-of-its-kind cookbook, Serve Love, a collection of heart-healthy Beyond Meat recipes certified by the American Heart Association's ...
Beyond Meat Forecast: Is There Any Hope Left for This Stock?
MarketBeat· 2024-06-18 12:58
Plant-based meat producer Beyond Meat Inc. NASDAQ: BYND has a 39.81% short interest. Sentiment is negative for the stock as it continues to fall lower, trading down more than 25% year-to-date (YTD). The stock recently provided investors with a fleeting lifeline, briefly jumping to $10.31 on a short-lived meme stock revival led by GameStop Co. NYSE: GME on May 14, 2024. Shares have since given back all the gains and tacked on more losses.Beyond Meat operates in the consumer staples sector, competing with rea ...