Video Transcript-I want to turn our attention to one stock we are watching in todays session. Here's Why GE, Workhorse, Lordstown And Beyond Meat Are Moving Yahoo Finance Live anchors discuss Beyond Meat stock popping after Piper Sandler upgraded its rating. The study reflects results from over 500 adults.Ĭlick here for options trades from Benzinga Opting into the survey was completely voluntary, with no incentives offered to potential respondents. This survey was conducted by Benzinga in January 2021 and included the responses of a diverse population of adults 18 or older. According to data from S&P Global Market Intelligence, the stock was down 17.3 as of Thursdays close. Shares of Beyond Meat (NASDAQ: BYND) were taking a dive as the plant-based meat company posted another round of dismal results in its latest earnings report.
After the PepsiCo news, shares hit a new all-time high of $221 Tuesday morning and were trading around $186 at publication time. Why Beyond Meat Stock Got Squashed This Week. The collaboration could consist of Beyond Meat supplying PepsiCo with plant-based alternatives to cheese for its Tostitos salsa or creating a new lineup of fully vegan Doritos.Ħ8% of respondents said Beyond Meat would reach $250 per share by the end of 2022.īeyond Meat’s 52-week low of $48 was hit during the onset of the coronavirus pandemic. Shares of Beyond Meat surged in Tuesday's session after the company announced a joint venture with PepsiCo (NASDAQ: PEP) to develop, produce and market snack, beverage products made from plant-based protein. The company sells its products through grocery, mass merchandiser, club and convenience store, natural retailer channels, direct to consumer, restaurants, foodservice outlets, and schools. We surveyed a group of investors on whether shares of Beyond Meat Inc (NASDAQ: BYND) will reach $250 by 2022.īeyond Meat manufactures, markets, and sells plant-based meat products in the United States and internationally.
Thanks so much.Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
BEYOND MEAT STOCK YAHOO FREE
Brooke DiPalma there reporting on earnings for Beyond Meat. Stock of Beyond Meat - Get Free Report, the vegetarian patties used in the McPlant, immediately tanked by more than 6 immediately after the announcement was made. But quite a few still bullish as well, one by 15 holds and 7 sells as of this morning on shares of Beyond Meat. They announced a chicken portfolio expansion.Īnd Wall Street, once again, seems to be liking this. They introduced Beyond Steak this quarter. But it is not lost upon us that Beyond Meat continues to try to be a go-to for both flexitarians and vegetarians alike, even trying to gain protein lovers as well. COO Doug Ramsey, of course, after some allegations there.īut once again, this targeting a more sustainable growth model that achieves cash flow positive operations in the second half of 2023. Now that equates to about 200 employees and also includes key leadership roles. With that they announce a cut of their global workforce of about 19%. Like I said before, in late October, they announced that restructuring plan. Now, let's take a closer look at what exactly happened this third quarter for Beyond Meat. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio. Of course, they're projecting the meat industry to be here $1.4 trillion. Beyond Meat stock sinks after earnings even though sales show signs of life. And this transition is designed to fortify our business in the near term as record inflation continues to pose a challenge for our brand and category, positioning Beyond Meat endure and advance toward our long-term objective of being a major protein provider. He noted that the design that they have in place. So Beyond Meat shareholders certainly loving this higher, about 1%, rally after market trading here.īeyond Meat President and CEO Ethan Brown really emphasizing that growth model that they announced in late October. The company made a big announcement on Wednesday, and the stock spiked higher in pre-market trading. Revenue year over year down 22.5%, but that's compared to estimates of down 28%. Shares of plant-based meat company Beyond Meat ( BYND -1.93) soared on Thursday - a day late. Revenue coming in at $82.5 million versus estimates of $82.19 million. Adjusted earnings per share, a loss of $1.60 versus Wall Street estimates of $1.16. Let's take a closer look at the numbers here.
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