#Worth buying beyond meat stock free
The stock was trading at 45 by the afternoon and quickly. You’re reading a free article with opinions that may differ from The Motley. Past performance is a poor indicator of future performance. Beyond Meat, the largest publicly traded meat substitute specialist, priced its May 2019 IPO at 25. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on or relating to the use of, or inability to use, or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Under no circumstances does any information posted on represent a recommendation to buy or sell a security. Is not operated by a broker, a dealer, or a registered investment adviser. The Company’s primary production facilities are located in Columbia, Missouri, and Devault, Pennsylvania. The firm's products are available at approximately 130,000 retail and foodservice outlets in over 90 countries worldwide, across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels, direct-to-consumer, and various food-away-from-home channels, including restaurants, foodservice outlets and schools. The Company’s product offerings include Beyond Burger, Cookout Classic, Beyond Sausage, Beyond Beef, Beyond Meatballs, Beyond Breakfast Sausage Patties, Beyond Breakfast Sausage Links, Beyond Beef Crumbles, Beyond Italian Sausage Crumbles and Beyond Chicken Tenders. The company is offered in ready-to-cook or ready-to-heat formats. The firm sells a range of plant-based meat products across the three core platforms of beef, pork and poultry. The company is headquartered in El Segundo, California and currently employs 1,108 full-time employees. The 12 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 12.00, with a high estimate of 15.00 and a.
engages in the provision of plant-based meats.
Plant-based substitute meat burgers and sausages made by Beyond Meat, Impossible Foods and other producers, often selling at prices comparable to real meat products, have failed to catch on with consumers as much as many investors had expected, with decades high inflation adding to pressure on demand.īeyond Meat, which has lost money every year since its IPO, had cash and cash equivalents of $259 million in the quarter ending April 1, down from $310 million three months earlier and $1.125 billion in April 2021.Beyond Meat, Inc. Goldman Sachs analyst Adam Samuelson has a "sell" rating on Beyond Meat's stock, according to Refinitiv. The El Segundo, California company late on Wednesday reported its fifth consecutive quarter of declining year-over-year revenue, and it said it expects improved sales growth in the second half of 2023.īeyond Meat also said it has entered an equity distribution agreement with Goldman Sachs (GS.N) to sell up $200 million worth of its shares, or equivalent to about 30% of its market cap after Thursday's drop. Last trading at $10.26, Beyond Meat's stock has slumped from highs of over $239 in the months following its July 2019 initial public offer, among Wall Street's hottest listings that year. May 11 (Reuters) - Shares of Beyond Meat (BYND.O) tumbled 18% to new lows on Thursday after the plant-based substitute meat seller said it would sell up to $200 million worth of new shares as it faces a shrinking cash pile.
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