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Tag: Beyond Meat

  • Beyond Meat Inc. (BYND) stock Recovers in the Pre Market. Here’s why?

    Beyond Meat Inc. (BYND) stock entered green in the pre-market as it gained 5% at $66.85, on December 14. The stock had been in the red since news of a canceled planned test of its product by Taco Bell emerged on December 11.

    In Monday’s regular trading session, the stock was still in the red as it lost 1.69% at $63.42. The situation reversed when the after-market session began, as BYND stock gained $4.03.

    BYND stock and its Recovery

    Taco Bell has been working with BYND for the launch of a vegan alternative of its crane Asada grilled meat. On December 10, news emerged that Taco Bell canceled a scheduled test of BYND’s grilled-meat substitute. As per the details, Taco Bell was not satisfied by the company’s previously provided samples of the product in October. Hence, Taco Bell canceled the test. As a result, the stock entered a downtrend, which continued into Monday’s regular session.

    In the aftermarket session on Monday, the stock finally recovered and began trading in green. This recovery can also be attributed to speculations about the early launch of BYND’s McPlant. According to news, Piper Sandler’s contacts expect BYND’s McPlant’s launch late in the first quarter of 2022.

    Recent Developments

    On December 08, the company announced the appointment of new members to its executive team of leaders. Firstly, Doug Ramsey joined the company as its new Chief Operating Officer. Mr. Ramsey has vast experience of over 30 years in the food industry. Moreover, he previously served at Tyson Foods, overseeing its poultry and McDonald’s business.

    Secondly, the new role of Chief Supply Chain Officer was created by the company. Which is now filled by Bernie Adcock, who also has over 30 years of experience in the industry. Adcock also served at Tyson Foods, managing operations, and supply chain.

    BYND’s Financial Highlights

    The company declared its third-quarter financial results on December 10, 2021, which ended on October 2, 2021. In the third quarter of 2021, BYND’s revenue increased 12.7% year-over-year to $106.4 million. This compares to the consensus estimate of $109.2 million for the third quarter of 2021.

    Moreover, the company incurred a net loss of $54.8 million in the third quarter of 2021. Consequently, the net loss per basic and diluted share was $0.87 in the quarter. In comparison, the consensus estimate net loss per share was $0.39 for the quarter.

  • Beyond Meat, Inc. (BYND) stock Gains in Pre-Market Today: Why is it so?

    Beyond Meat, Inc. (BYND) stock Gains in Pre-Market Today: Why is it so?

    Beyond Meat, Inc. (BYND) announced the opening of Plant-based meat manufacturing facility in China after which BYND’s stock price was pushed by 2.65% in the pre-market session to reach $137.50 a  share at the time of this writing. BYND outperformed at the previous trading session and closed with a 1.79% gain. Let’s look at current events in detail.

    Plant-Based Meat Manufacturing Facility:

    Beyond Meat, Inc. (BYND) is a food company working as the manufacturer, marketer, and seller of plant-based meat products in the U.S and the globe. The main purpose of the world-class plant-based meat manufacturing facility in the Jiaxing Economic & Technological Development Zone (JXEDZ) near Shanghai is to fasten the local production as well as innovation. This development would help Beyond Meat stock to expand its network in the Jiaxing by speedy manufacturing and distribution of its products within the region. Furthermore, this step would strengthen the cost structure of BYND stock and would provide sustainability to the operations.

    Future growth:

    This facility will produce a variety of plant-based meat products which include plant-based pork, poultry products, and beef. Beyond Pork which, is specially created for the Chinese market, is also added to this facility. The facility will help BYND in the research and development of new and unique plant-based meat products and will support its local strategic partners.BYND stock is making serious efforts in the advancement of plant-based meat products in China for long-term growth.

    Beyond Meat Position in China:

    About a year ago, BYND signed an agreement with Starbucks China and within the year, BYND stock had expanded menu offerings at Starbucks and did partnerships with many of the renowned brands like KFC, Pizza Hut, Jindingxuan, and many more. Moreover, Beyond Meat has successfully built its reputation among the local consumers in China who prefer a healthy and sustainable lifestyle.

    Conclusion:

    Investors are responding to the news related to the opening of a new plant-based meat manufacturing facility announced by BYND stock. This development of BYND stock would pave the way to the long-term growth of Beyond Meat in China. Hence BYND stock can be a good bet for investors having long-term prospects.

  • The Best 3 Food Delivery Stocks for long-term Investment

    The Best 3 Food Delivery Stocks for long-term Investment

    The future belongs to the digital tech—with the food delivery stocks being a major stakeholder in it.

    The pandemic has accelerated the online industry in almost every sector. The demand for food delivery services has increased significantly during the last year. The food delivery firm’s growth has been phenomenal during the pandemic period—with the increase in stay-at-home trade.

    The future world of digital technology has climbed miles—with COVID becoming a major catalyst to its growth. With people spending most of their time inside their homes, the food craving has driven the demand for food delivery companies.

    But there is an argument that the food delivery trend already on a hike even before the pandemic. This was due to the widespread digitalization and increased urban population. However, the COVID-19 epidemic has played a significant role to continue this hike in the rising food delivery trend.

    Though food delivery stocks can be risky—having massive potential in the long-term. Here are the three best food delivery stocks to invest in for the long-term.

    Beyond Meat (BYND)

    Beyond Meat (BYND) is a Los Angeles-based producer of plant-based meat substitutes. The company has seen notable growth with the increasing demand for meat substitutes. The company sells its product in the U.S. and internationally, through mass merchandisers, grocery, natural retailer channels, club and convenience stores, restaurants, schools, direct to consumer, and food service outlets.

    In Benzinga’s recent survey, a question was asked from investors — would BYND stock reach $250 per share by the end of 2022? — 68% of the respondents said the BYND would reach $250.

    Furthermore, to push things to a greater level, the company just collaborated with Pepsi to develop plant-based snacks and beverages. Both the enterprises with joint venture to form The PLANeT Partnership, LLC. The joint venture will work on the development, production, and marketing of innovative snack and beverage products made from plant-based proteins.

    So, Beyond Meat (BYND) is shaping up to be the future firm that will rule this segment in the digital world. The potential is there and in the long-term, BYND stock will increase its market value and shares price.

    Blue Apron (APRN)

    Blue Apron (APRN) is a holding firm that works through its subsidiaries that have a formidable market place in meal-kit delivery services. The company has seen a massive boost in new business rocketed by the pandemic. 

    In the second quarter of 2020, the company added more than 20,000 customers and its net revenue increased by approximately 10%. The company continues to speed up its growth in the next quarter. In Q3 2020, the net revenues increased 13% year-over-year to $112.3 million. Whereas, the order per customer soared 20% to 5.4 and the Average Order Value grew 2% to approximately $59.

    Many big firms would be eyeing Blue Apron (APRN) and if it gets acquired, it would make more sense to invest in the unmoving industry stock. So, APRN stock is one for the future—a long-term gun.

    Grubhub (GRUB)

    Grubhub (GRUB) is an American online and mobile prepared food delivery service that connects diners with local restaurants. A major turnaround for Grubhub is set to happen later this year.

    Back on June 10, 2020, Grubhub entered into a merger agreement with Just Eat Takeaway.com. The Holland-based Takeaway.com will acquire Grubhub in an all-share combination later this year. This acquisition of Grubhub will certainly expand the ecosystem of the company and support its growth in the market.

    According to Zacks, Grubhub is one of those firms that will largely benefit from the reopening of economies and lifting of the travel bans.

    Recently, the company collaborated with Lear Corporation’sXevo software business. This partnership will deliver safer, contactless food ordering capabilities in FCA vehicles through an app on the Uconnect Market. This deal will also driveGrubhub to a larger user base via Uconnect Market.

    So, moving forward, Grubhub (GRUB) is one of the potential food delivery stocks to watch for the long-term investment. If the acquisition of an online delivery platform turns out to be perfect, things will get bigger in the next few years.