![]() We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.Ĭlick Here to get the full Stock Report for Beyond Meat Inc stock. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. The firm's products are available in retail stores and the food service channel. International revenue represented 31% of 2021 sales. and Canada and in 83 additional countries as well. The products are widely available across the U.S. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. More About Beyond Meat Incīeyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. To see InvestorsObserver's Sentiment Score for Beyond Meat Inc click here. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources. So far 2,346,775 shares have traded compared to average volume of 3,321,233 shares. The stock has traded between $15.42 and $16.83 so far today. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.īeyond Meat Inc (BYND) stock is trading at $15.55 as of 2:10 PM on Friday, Mar 17, a loss of -$1.30, or -7.71% from the previous closing price of $16.85. The companys third-quarter results disappointed investors, and a weak. Our system also uses the options market in order to receive additional signals on current sentiments. Beyond Meats stock cratered 17 in premarket trading as analysts shared their doubts about the companys future growth. Wall Street has no appetite for Beyond Meat ( BYND 7.13) stock these days. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. 2 days ago &0183 &32 The company is facing major profit challenges. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. engages in the provision of plant-based meats. There is no information about the health of profitability of the underlying company in our sentiment score.Īs a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.Ĭhanges in price are generally the best indicator of sentiment for a particular stock. According to analysts consensus price target of 15.85, Beyond Meat has a forecasted downside of 1.9 from its current price of 16.15. Sentiment is a very short-term indicator that is entirely technical. ![]() Its shares plunged over the past year as the plant-based protein specialist saw collapsing. 4.See Full BYND Report What is Stock Sentiment? Wall Street has no appetite for Beyond Meat (NASDAQ: BYND) stock these days. and Austria.īeyond is expected to report its second-quarter earnings after the bell on Aug. The burger chain has already started selling McPlant burgers in some international markets, including Sweden, Denmark, Austria, the Netherlands and the United Kingdom. In May, Beyond Meat CEO Ethan Brown said that the McPlant is selling well in the U.K. McDonald's and Beyond announced a three-year partnership in early 2021. These rates will not be easy to hit, in our view, without in the US," Goldman wrote. "Consensus contemplates 21% growth for BYND's total top line this year, followed by another 25% next year. Morgan analyst Ken Goldman wrote in his note on Thursday that some McDonald's restaurant employees told him that the burger didn't sell well enough, potentially putting a nationwide launch in jeopardy. Its products include ready-to-cook meat under The Beyond Burger and Beyond Sausage brands, and frozen meat, namely, Beyond Chicken Strips and Beyond Beef Crumbles. BTIG analyst Peter Saleh wrote in a June note that franchisees told him that McPlant sales were disappointing, coming in at or below the low end of projections. engages in the provision of plant-based meats. Personal Loans for 670 Credit Score or LowerĪnalyst research reported lackluster demand for the Beyond burger. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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