Concerns about Beyond Meats Sales and Competition in the PlantBased Meat Market

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Concerns about Beyond Meats Sales and Competition in the PlantBased Meat Market

Best Stocks2023-09-22

On September 22, 2023, Michael Lavery, an analyst at Piper Sandler, expressed his concerns about Beyond Meat (NASDAQ:BYND), a renowned plant-based meat substitute company. Lavery maintained an ...

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Lavery maintained an ...</p>\n\n<a href=\"https://beststocks.com/concerns-about-beyond-meats-sales-and-competi/\">Source Link</a>\n\n</div>\n","source":"beststocks_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Concerns about Beyond Meats Sales and Competition in the PlantBased Meat Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConcerns about Beyond Meats Sales and Competition in the PlantBased Meat Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-22 20:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beststocks.com/concerns-about-beyond-meats-sales-and-competi/><strong>Best Stocks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On September 22, 2023, Michael Lavery, an analyst at Piper Sandler, expressed his concerns about Beyond Meat (NASDAQ:BYND), a renowned plant-based meat substitute company. Lavery maintained an ...</p>\n\n<a href=\"https://beststocks.com/concerns-about-beyond-meats-sales-and-competi/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://beststocks.com/concerns-about-beyond-meats-sales-and-competi/","article_id":"2369466496","we_media_id":null,"thumbnails":["https://beststocks.com/wp-content/uploads/2023/07/Fast-food-restaurant-Apple-Pay.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2369466496","pubTimestamp":1695385682,"sourceInfo":{"source_id":"beststocks_highlight","name":"Best Stocks"},"weMediaInfo":null,"summary":"Piper Sandler highlighted the struggles faced by Beyond Meat in terms of sales, which led to their decision of downgrading the company’s stock to Underweight. This decision was primarily influenced by the growing competition in the market for plant-based meat substitutes and doubts surrounding the performance of the McPlant menu item.To support their analysis, Piper Sandler conducted a survey that revealed a decline in interest among teenagers towards plant-based meat alternatives. These findings further emphasized the challenges faced by Beyond Meat in capturing the attention and loyalty of the younger demographic.Beyond Meat Inc.  Stock Performance and Analysis: September 22, 2023. Beyond Meat Inc.  is a plant-based meat substitute company that has gained significant attention in recent years. On September 22, 2023, the company’s stock performance was closely watched by investors and analysts. Let’s delve into the details and analyze how the stock fared on that day.Beyond Meat Inc. h","collect":0,"end_time":0,"defaultTopTitle":"beststocks.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"关注肉类以外的销售和植物性肉类市场的竞争","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYND":1},"content_text":"On September 22, 2023, Michael Lavery, an analyst at Piper Sandler, expressed his concerns about Beyond Meat (NASDAQ:BYND), a renowned plant-based meat substitute company. Lavery maintained an Underweight rating for the company while reducing the price target from $6 to $3. \nPiper Sandler highlighted the struggles faced by Beyond Meat in terms of sales, which led to their decision of downgrading the company’s stock to Underweight. This decision was primarily influenced by the growing competition in the market for plant-based meat substitutes and doubts surrounding the performance of the McPlant menu item. \nTo support their analysis, Piper Sandler conducted a survey that revealed a decline in interest among teenagers towards plant-based meat alternatives. These findings further emphasized the challenges faced by Beyond Meat in capturing the attention and loyalty of the younger demographic.\n\n\n\n\n\n\n\n\n\n\n\n\nBeyond Meat, Inc.\nBYND\nNeutral\n\nUpdated on: 22/09/2023\n\n\n\nFinancial Health\n\n\nWeak                \n\n\n\n                    Debt to equity ratio: Strong Sell                \n\n\n                    Price to earnings ratio: Sell                \n\n\n                    Price to book ratio: Strong Sell                \n\n\n                    DCF: Strong Buy                \n\n\n                    ROE: Strong Buy                \n\nShow more\n\n\nPrice Target\n\n\n                    Current $9.86\n\n\n\n                    Concensus $64.22\n\n\n\n\n                    Low $20.00\n\n\n\n                    Median $60.00\n\n\n\n                    High $122.00\n\n\n\nShow more\n\n\nSocial Sentiments\nWe did not find social sentiment data for this stock\n\n\nAnalyst Ratings\n\n\nAnalyst / firm\nRating\n\n\n\n                        John Baumgartner Mizuho Securities\n\nBuy\n\n\n\n                        John Baumgartner Baumgartner Mizuho Securities\n\nBuy\n\n\n\n                        Benjamin Theurer Barclays\n\nBuy\n\n\n\nMizuho Securities\n\nBuy\n\n\n\n                        Michael Lavery Piper Sandler\n\nBuy\n\n\nShow more\n\n\n\nBeyond Meat Inc. (BYND) Stock Performance and Analysis: September 22, 2023\n Beyond Meat Inc. (BYND) is a plant-based meat substitute company that has gained significant attention in recent years. On September 22, 2023, the company’s stock performance was closely watched by investors and analysts. Let’s delve into the details and analyze how the stock fared on that day.\nPrevious Close and Today’s Open:\nThe previous day’s closing price of BYND stock was $10.25. However, on September 22, 2023, the stock opened at $10.11. This indicates a slight decrease in value from the previous day’s close.\nDay’s Range and Volume:\nThroughout the trading day, BYND stock experienced a range of $9.85 to $10.16. This means that the stock’s value fluctuated within this range during the day. The trading volume for the day was 1,827,261 shares, which is lower than the average volume of 2,787,985 shares over the past three months.\nMarket Cap and Earnings Growth:\nBeyond Meat Inc. has a market capitalization of $667.0 million. It is important to note that the company has experienced a drastic decline in earnings growth over the past year, with a negative growth rate of -99.63%. However, there has been a positive turnaround in the current year, with earnings growth of +44.47%. Furthermore, the company is projected to have a significant earnings growth rate of +238.00% over the next five years. This indicates potential future growth for the company.\nRevenue Growth and Financial Ratios:\nBeyond Meat Inc. faced a decline in revenue growth of -9.85% in the past year. Despite this, the company has a price-to-sales ratio of 1.87, which suggests that the stock may be undervalued compared to its sales. The price-to-book ratio is not available at the moment.\nNext Reporting Date and EPS Forecast:\nInvestors should mark November 8, 2023, on their calendars as it is the next reporting date for Beyond Meat Inc. On a quarterly basis, the company is projected to have an EPS forecast of -$0.77. This indicates that the company is expecting a loss per share for the current quarter.\nAnnual Revenue and Profit Margin:\nIn the previous year, Beyond Meat Inc. generated annual revenue of $418.9 million. However, the company incurred a net loss of -$366.1 million. The net profit margin for the company stands at -87.40%, indicating the challenges it faces in generating profits.\nSector, Industry, and Corporate Headquarters:\nBeyond Meat Inc. operates in the Consumer Non-Durables sector, specifically in the Food: Major Diversified industry. The company’s corporate headquarters are located in El Segundo, California.\nConclusion:\nOn September 22, 2023, Beyond Meat Inc.’s stock experienced a slight decrease in value compared to the previous day’s close. The stock’s trading range was $9.85 to $10.16, with a trading volume of 1,827,261 shares. Despite facing challenges in the past year, the company has shown positive earnings growth in the current year and is projected to have significant growth over the next five years. However, it is important for investors to keep an eye on the company’s financial performance and upcoming earnings reports to make informed investment decisions. \n\nBYND Stock Performance Stable on September 22, 2023, with Potential Increase Predicted: Analysts\n BYND stock performances on September 22, 2023 were relatively stable, with the median price forecast indicating a potential increase of 21.77% from the last price of $9.86. According to data from CNN Money, 10 analysts offered 12-month price forecasts for Beyond Meat Inc, with a median target of $12.00. The high estimate was $13.00, while the low estimate was $3.00.\nThe consensus among 15 polled investment analysts is to hold stock in Beyond Meat Inc. This rating has remained unchanged since September.\nBeyond Meat Inc reported earnings per share of -$0.77 for the current quarter. This indicates a loss for the company during this period.\nBeyond Meat Inc reported $95.2 million in sales for the current quarter. It is important to compare this figure to previous quarters and consider the company’s growth trajectory.\nBeyond Meat Inc is scheduled to report its next earnings on November 8. Investors and analysts will be closely watching this report to assess the company’s financial performance and any updates on its growth strategy.\nOverall, the performance of BYND stock on September 22, 2023, was relatively stable, with analysts predicting a potential increase in the stock price. However, investors should consider the overall financial health of the company, including its earnings per share and sales figures, before making any investment decisions. \n\nTags: BYND","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}