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Anal-ists are only in it for the short term. We will replace the AG market.
--Analyst Actions: DA Davidson Downgrades Beyond Meat to Underperform from Neutral, Adjusts Price Target to $135 from $133
2021-02-03 12:57:46 PM ET (MT Newswires)
12:57 PM EST, 02/03/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe.
Beef...its what's for dinner. Bynd it's time for you to go sub 140.
Ignore the anal-ists. They don't understand innovation.
We are on the cusp of the fastest, deepest, most consequential disruption of agriculture in history.
https://www.rethinkx.com/food-and-agriculture
Love the price cutting. It is what is needed. Love the competition. BYND brats for supper tonight. $8 is too high. But it's experimenting.
Bought (143) and holding BYND no matter where the price goes. I'm so bad at trading.
Liked the market because of the Tony Seba / RethinkX predictions. Their predictions are the best.
Will eventually go below meat prices. Maybe in a few years.
Stock will be volatile until prices go down.
Bought some pork this week at 97¢ per pound and ground it into burgers.
So relax and hold. I suffered for years with Tesla until it paid off huge.
Long term, I believe this will drive growth and the goal should be to under price beef. Volume, Volume, turn up the volume....
Cubbie, you may see your buy in sign. I'm still playing with the kids stock and on behalf of either kid, they aren't happy with this drop!!
Beyond Meat Stock Is Falling Because It Has a Near-Impossible Choice -- Barrons.com
10:05 am ET February 2, 2021 (Dow Jones) Print
Teresa Rivas
Beyond Meat stock is lower early Tuesday, following news that rival Impossible Foods introduced another price cut.
Privately held Impossible Foods plans to lower the price of its plant-based patties by 20% at grocery stores in the U.S. That means that the suggested retail price of an Impossible Burger would be $5.49 in thousands of grocery stores across the country, with similarly planned price cuts for other markets, from Canada to Hong Kong.
The move is part of a longer-term plan to achieve price parity with ground-beef prices. In the first week of the year, Impossible Foods announced what was then its second price cut in a year, bringing the price of a patty to $6.80. While the most recent move gets the company closer to its goal, it's still roughly double the cost of a $2-to-$3 beef patty.
Faux-meat players Beyond Meat (ticker: BYND) and Impossible Foods have been steadily increasing their presence in supermarkets and other retailers. That's been especially true during the pandemic, when fewer people were trying their products at restaurants, and a renewed focus on health led many consumers to investigate plant-based diets.
Yet at the same time, it's been difficult for Beyond Meat to keep up with lofty sales expectations. In addition, the company has yet to turn an annual profit, notching just two profitable quarters since its initial public offering in 2019. Analysts expect that to change this year, but if the company is forced to cut its own prices, to match Impossible Foods, that could weigh on results.
Beyond Meat stock is down 4.6% to $169.87 in recent trading.
The shares have gained more than 42% since the start of the year, and while it's long been a Wall Street darling, the most recent move may also be related to the short squeeze that's swept up a number of consumer stocks lately.
Write to Teresa Rivas at teresa.rivas@barrons.com
Impossible Foods cuts faux meat prices by 20% at grocery stores
2021-02-02 06:00:00 AM ET (Reuters)
Feb 2 (Reuters) - Impossible Foods said on Tuesday it would cut the prices of its faux meat patties by 20% at U.S. grocery stores as the plant-based protein maker ramps up production with a larger plan to eventually undercut ground beef prices.
Impossible Foods, the maker of the plant-based Impossible Burger, and rival Beyond Meat Inc have been the leaders in plant-based alternatives over the past two years as consumers, worried about their health, environmental impact and animal welfare, look to broaden or shift from chicken, pork and beef-based diets.
Demand for plant-based meat also rose during the pandemic after beef and pork producers shut many meat plants to curb the rapid spread of the coronavirus outbreak. California-based Impossible Foods, which has already cut prices for food distributors twice in one year, said it would keep lowering prices of their products.
The suggested retail prices for Impossible Burger would drop to $5.49 in about 17,000 U.S. grocery stores, the company said in a statement, adding that it will introduce similar price cuts at retail stores in Canada, Singapore and Hong Kong.
(Reporting by Uday Sampath in Bengaluru, Editing by Sherry Jacob-Phillips)
Why wont you die bynd! Freaking fall already
NOOOOO!!! Don’t Do it BYND!!! Don’t collaborate with Pepsi. Down the road they will change everything on you!
Analyst Actions: Canaccord Adjusts Beyond Meat's Price Target to $170 from $125, Keeps Hold Rating
2021-01-27 10:50:14 AM ET (MT Newswires)
10:50 AM EST, 01/27/2021 (MT Newswires) -- Beyond Meat (BYND) has an average rating of hold and price targets ranging from $57 to $180, according to analysts polled by Capital IQ.
The Plant-based Food Market Boom is Just Getting Started
2021-01-27 08:50:04 AM ET (PR Newswire)
Plant-based alternatives to animal product foods have been by far the biggest food industry trend of the past few years. Heading into 2021, that growth is showing no sign of slowing. The plant-based food market is set to reach $74.2 billion by 2027 for a CAGR of 11.9% in 2021. As the market grows, companies are now bringing to market products that fit into previously unserved niches in the plant-based food market, while established favorites like the Beyond Burger are still going strong. Consumers have embraced plant-based foods, setting up a market opportunity that is not going away any time soon. Now that the concept is a proven success, established legacy food companies like Kraft Heinz Co (NASDAQ: KHC), Tyson Foods, Inc. (NYSE: TSN), and Kroger Co (NYSE: KR) are establishing and expanding their plant-based offerings to join purpose-built plant-based food companies like Beyond Meat Inc (NASDAQ:BYND) and Else Nutrition (TSXV:BABY) (OTCQX:BABYF) in this rapidly gr owing market.
Else Nutrition Grows US Retail Availability
Israeli-based food and nutrition company Else Nutrition (TSXV:BABY) (OTCQX:BABYF) is one of the leading companies in plant-based nutrition innovation. The company is focused on developing innovative, clean, and plant-based food and nutrition for infants, toddlers, children, and adults. Else's flagship product is a 100% plant-based infant nutrition formula that closely replicates the nutritional profile of human breast milk. All of Else's products are free of dairy, soy, and corn-syrup, and are made with non-GMO ingredients.The company has been rapidly expanding its footprint in the United States market throughout 2020 with a successful e-store and Amazon launch and an ongoing rollout of its products in more than 380 retail locations throughout the United States.
On December 23, Else Nutrition announced a major development in the company's US product rollout. Else announced that the company's plant-based toddler nutrition formula would be carried by major US health food retailer Sprouts Farmers Market. Else formula will be available at more than 360 Sprouts locations throughout the country beginning in February 2021. This partnership between Sprouts and Else Nutrition will dramatically increase the size of Else's footprint in the United States and put the company's products front and center in the eyes of health conscious consumers throughout the country.
"Being on the shelves at Sprouts Farmers Markets is an incredible milestone for our brand," Else CEO and Co-Founder Hamutal Yitzhak said in the company's release. "We are appreciative of the belief and support Sprouts has shown in our line of products, as they become the first natural grocery account to distribute Else on a national level. We have our sights set on being highly accessible across the United States, and this will begin with retailers who share our values and exceptionally high standards for progressive nutrition and 'better-for-you' foods."
Food Companies Expand Plant-Based Options and Availability
Beyond Meat Inc (NASDAQ:BYND), the company largely credited with popularizing the plant-based meat alternatives concept, is continuing to make its products available in a growing number of stores and restaurants. Most recently, the company announced in January that Beyond Meat will be available at Taco Bell restaurants beginning in March.
Kraft Heinz Co (NASDAQ:KHC) was relatively late to capitalize on the plant-based alternatives boom, and is still vastly behind Beyond in market share. The company is looking to catch up, however, particularly in the plant-based cheese and condiments segments. Kraft-owned Philidelpha cream cheese has been researching plant-based alternatives, and Kraft launched vegan mayo and salad dressing options in late December.
US meat giant Tyson Foods, Inc. (NYSE:TSN) is not looking to be left behind in the plant-based craze either. In 2019, the company launched its Raised and Rooted brand of plant-based and hybrid foods. Then, in November 2020, the company retooled the Raised and Rooted lineup to eliminate the hybrid options and go fully meatless. In January, the company added to its plant-based offerings with the introduction of meatless options to its Jimmy Dean breakfast sausage brand.
In October, Kroger Co (NYSE:KR) expanded its in-house Simple Truth brand of plant-based foods with the addition of more than 50 meatless items. These included dairy-free ice creams and desserts, along with plant-based deli slices, 'Chick'n' burger patties, and more.
Plant-based foods as alternatives to animal products are proving to be far more than a food industry fad. Heading into 2021, this segment's growth is only just getting started, along with the significant market opportunities for plant-based food companies like Else Nutrition.
* * $BYND Video Chart 01-26-2021 * *
Link to Video - click here to watch the technical chart video
Since you and slim are more of investors, I would use the “daily” technical charts to give a more longer outlook. With this in mind, the closing price (relative to the opening price) is more important than the intraday price movements. Let’s see what 4pm gives us.
Thank you so much!! I love the support here. What does everyone think it will drop back down to? I am hoping 140 but it is looking steady at the 180s right now.
Cubs is correct. The upper Bollinger Band is sitting right at the 170.00 mark. I would wait as the price is pushing to new lows of the day, thus a very bearish candlestick. Despite the 17.53% increase as of now (it is still over-extended), there are more selling pressures than buying.
Ohhh yes I do remember you saying that now. I sold it all (my buy in was 201) so I shall now wait for it to go back to the 140s
No Cubbie No, I told you that my kids were going to be selling my BYND, don't you have kids?
J-K, I believe that this means others will have done the same, many more will be chasing BYND, is this a good buying point?
Thank you J-K, days like this are sweet.
I would have done the same. It’s way over-extended and the huge rise in price is mostly due to short covering (plus the PEP news). Good to hear you took the profits. It’s the name of the game.
I sold it all and will wait for the 140s again. I think this is way over bought today, that jump may have been too fast. I am happy yo get my money back plus a little lol time will tell if that was a good or bad decision lol
I am still not back in. I should have back on the last dip to support but I have moved my liquid cash elsewhere. I did made quite a lot in my previous trades but today’s jump is huge.
Congrats Slim! The deal with PEP is big and will bring in good revenues.
Thank you so much!!!! Hope you made a ton of money!
Congrats Cubs! You held strong. The great profits are well deserved. Same with Slim!
Very good economic and sustainability synergy for both companies.
BYND
Hehehe thanks Slim! Hope you are making way more than me lol
I agree, this one is a futuristic company that will continue to grow.
already 225 !!
I am going to buy on dip after opening bell. BYND will run like TSLA and AAPL in upcoming months! Huge upside potential!
very big news here ! new 52 weeks highs in already pm trading
expect a small dip at open from some profit takers and then boom to new highs
Beyond Meat shares are trading higher after the company announced a joint venture with Pepsi to develop, produce, market snack, beverage products made from plant-based protein.
216 $ in pm $$$$%%%%
IT'S HAPPENING!!!! FINALLY!!!! I'VE WAITED SO LONG FOR THIS. I'm up $70 at this moment!!!! My biggest mistake is finally turning around and is no longer my mistake. Woohoo!!!
Not struggling today!
Beyond Meat Sales Could Struggle This Year. Here's Why. -- Barrons.com
12:16 pm ET January 20, 2021 (Dow Jones) Print
By Teresa Rivas
Beyond Meat stock slipped Wednesday after BTIG warned that several factors are working against the plant-based protein maker this year. Blame the pandemic.
Analyst Peter Saleh cut his rating on Beyond Meat (ticker: BYND) to Neutral from Buy, and removed his price target. He still believes "in the long-term trend toward plant-based meats in the grocery and food service," but writes that near-term he is concerned that retail sales won't be able to make up for lagging restaurant revenues. That is a problem, given the stock's "hefty trading multiple."
The biggest problem, once again, is the Covid-19 pandemic. As it continues to drag on, diners are mostly avoiding indoor dining in favor of drive-throughs, making speed a key competitive advantage. Saleh notes that McDonald's (MCD) shaved 30 seconds off its average service time, while other large operators are also following suit. Those efficiencies are only possible through menu streamlining. "In our view, menu innovation including plant-based meat offerings are unlikely to occur until indoor dining options are restored," he writes. Ongoing lockdowns in Europe present similar problems for growth there, he notes.
In addition, there is a chance that these slimmed-down menus could be here to stay, as fast-food operators position themselves for greater off-premise dining long term, making it "more difficult for Beyond Meat products to earn their way onto the menu."
Saleh is also concerned that 2021 is shaping up to be the year of the chicken sandwich, with various players -- including McDonald's, Wendy's (WEN), and Shake Shack (SHAK) -- slated to launch these products. And while Beyond Meat has been working on poultry substitutes, a faux chicken option isn't widely available yet.
Beyond Meat fell 3.1% to $137.25 in recent trading. The shares are up 9% in 2021, but whittled their once triple-digit 2020 gains down to just an 11% rise in the past 12 months.
Earlier this week, JPMorgan cut its estimates on the stock, also citing sales concerns. That said, the share got a boost recently from a newly-announced partnership with Yum Brands' (YUM) Taco Bell.
Write to Teresa Rivas at teresa.rivas@barrons.com
People are not ready for technological disruptions. Then slam.
Don't need those 4 legged methane producers.
I'll buy BYND meat and make my own Tacos....
Pollo Tropical® Is Beyond Excited To Help You Start The New Year With A Resolution You Can Keep - And Eat
January 19 2021 - 11:25AM
PR Newswire (US)
MIAMI, Jan. 19, 2021 /PRNewswire/ -- Pollo Tropical® is announcing new menu items for those who want a delicious way to eat well this new year.
Pollo Tropical® is announcing new menu items for those who want a delicious way to eat well this new year. Pollo Tropical is now offering their Vegan Picadillo in a Tropichop® and Wrap. The Vegan Picadillo is made with Beyond Beef®, a 100% plant-based ground meat made by Beyond Meat®, peppers and onions in a tomato-based sauce.
Back by popular demand, Pollo Tropical is once again offering their Vegan Picadillo in a Tropichop® and Wrap. The Vegan Picadillo is made with Beyond Beef®, a 100% plant-based ground meat made by Beyond Meat®, peppers and onions in a tomato-based sauce. Guests can now create their own Tropichop® by choosing a base like white rice, brown rice, or lettuce, then topping it off with Vegan Picadillo and your choice of toppings. For those craving a wrap, the Vegan Picadillo Wrap has the same delicious Vegan Picadillo, with your choice of white or brown rice, plus Pollo's famous black beans and sweet plantains, all in a tortilla.
Pollo's new Balsamic Tomato Chicken combines the fan-favorite balsamic tomatoes and the brand's signature citrus-marinated grilled chicken breast and is only 180 calories. Pair it with your choice of any regular side for a perfect way to eat right while enjoying your favorites for just $4.99.
The new menu items join the brand's recently-introduced line of Cuban Pressed Sandwiches – including the Original Cuban, the Crispy Chicken Cuban, the Grilled Chicken Cuban, El Clásico and a Pan con Lechón (Mojo Roast Pork). All items are now available in restaurants and online for curbside, in-store pick-up and delivery through the new MyPollo® app.
About Pollo Tropical®
Pollo Operations, Inc. d/b/a Pollo Tropical®, a subsidiary of Fiesta Restaurant Group, Inc. (NASDAQ: FRGI), is a quick-service restaurant concept known for its fresh chicken, marinated for 24 hours in a proprietary blend of citrus juices and spices. Other craveable favorites include Mojo Roast Pork and freshly made sides including rice, beans, sweet plantains and more. The menu's emphasis is on freshness and quality at a great value, with an added focus on unique catering packages. Founded in 1988, the Miami-based company currently owns and operates over 140 locations throughout Florida, plus five licensed restaurants on college campuses and one licensed location in a hospital, and franchised locations throughout the Caribbean, Central America, South America and Puerto Rico. For more information, visit the official Pollo Tropical® website: www.pollotropical.com.
Still here, holding strong. One day this one will pay off lol but more importantly I'M SO EXCITED TO HAVE VEGAN MEAT AT TACO BELL!!!!!!!! YAY!!!!!!! That's a win for me!
Hi slimhere, at the moment I am not planning to get back into BYND, as I have been trading another stock. You can look at my posting history.
Good news on the Taco Bell today which drove the share price 17.12 or 13.66%. On the technical side (all based on the daily charts), price found resistance and closed today at key support levels (back in Oct 30th, Oct 31st, and again on Nov 09th before gaping down) and resistance levels (from Nov 23rd to Dec 18th before declining further). Great volume today with 12.93 million on daily average of 4 million on a very bullish candle. I believe a lot of shorts covering were done today, along with buyers. Watch the first 30 minutes of Friday trading activity to see if the buying today will continue.
Keep an eye on 147.25 resistance, then 158.70, and then 170.80.
On another note, I have been slowly raising cash as the markets in general are getting to high. With a Blue Wave in place, we can see both corporate and capital gain taxes will increase.... and a looming recession in play.
J-K, would you let me know if and when you get back in. I believe I've told you or our Cubbie fan that I'm holding a hundred shares and as far as I'm concerned, my kids can figure out what they are going to do with those shares. IMO, it's a matter of time for BYND, thus, I'd give some thought if you were back in to increase my holdings.
Meanwhile:
CFRA KEEPS SELL RATING ON SHARES OF BEYOND MEAT, INC.
4:07 pm ET January 14, 2021 (CFRA) Print
We lift our 12-month target by $5 to $85 (DCF-derived) and increase our '20 EPS estimate to ($0.62) from ($0.65) and our '21 EPS estimate to ($0.55) from ($0.57). Shares of BYND are up over 10% as Taco Bell (owned by Yum! Brands) will team up with Beyond Meat to introduce its first plant-based protein in the U.S. (testing to begin in 2022). This collaboration shouldn't come as a surprise given Taco Bell's large vegetarian customer base and BYND's partnership with Yum China (separate from Yum! Brands but nonetheless should have helped secure this deal). That said, we have built these type of growth opportunities into our long-term forecast and calculate BYND is trading well above intrinsic value. In the near term, we expect lingering Covid-19 headwinds to weigh on the shares as foodservice sales may experience pressure due to the recent surge in Covid-19 cases and colder weather (limits outdoor dining), while retail sales may not experience the same consumer stockpiling benefit BYND saw earlier in 2020.
Looks like we have a non-meat winner !
Always liked Taco Bell........lol.
UPDATE: Taco Bell partnering with Beyond Meat to create plant-based protein
9:36 am ET January 14, 2021 (MarketWatch)
Share
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Tonya Garcia
Taco Bell is also bringing potatoes back to the menu as part of a push into vegetarian offerings
Taco Bell announced Thursday that it has partnered with Beyond Meat Inc. (BYND) to create a plant-based protein that will begin testing in the next year.
This is the brand's first steps into the world of plant-based meats. Other big fast-food names including fellow Yum Brands Inc. (YUM) chain KFC (https://www.marketwatch.com/story/kfc-expanding-its-beyond-meat-test-to-new-cities-2020-01-29) and McDonald's Corp. (MCD), which is expected to launch the McPlant in 2021.
Read:Beyond Meat and McDonald's haven't confirmed their work on the McPlant, which one analyst finds 'extremely strange' (https://www.marketwatch.com/story/beyond-meat-and-mcdonalds-havent-confirmed-their-work-on-the-mcplant-which-one-analyst-finds-extremely-strange-11605042530)
Beyond Meat has partnered with and popped up on menus across the culinary spectrum.
This week, the company announced that plant-based Beyond Breakfast Sausage will be offered as part of a free breakfast promotion at Gregorys Coffee in New York City, Love Burger Shack in Dallas, Craftsman & Wolves in San Francisco, and PLNT Burger in Washington, D.C. among other places.
Beyond Meat shares jumped 7% in early Thursday trading after the Taco Bell announcement.
Taco Bell is also expanding its existing vegetarian options by bringing back potatoes. Cheesy Fiesta Potatoes and the Spicy Potato Soft Taco will be available on March 11.
Also:Not just snacks: Albertsons says customers now make more trips to load up on fresh products (https://www.marketwatch.com/story/not-just-snacks-albertsons-says-customers-make-more-trips-to-load-up-on-fresh-products-11610569953?mod=home-page)
Taco Bell has also offered other meatless items, like a bean burrito and, internationally, items like the Halloumi Crunchwrap in Cyprus.
Yum stock is up 6.4% over the past year while the S&P 500 index has gained 16% for the period.
Beyond Meat(R) Inspires Consumers to Kickstart the New Year With a Better-for-You Breakfast
12:00 pm ET January 12, 2021 (Globe Newswire) Print
Beyond Meat, Inc. (NASDAQ: BYND), a leader in plant-based meat, is helping to kick-start the new year with healthier habits for the most important meal of the day. With a variety of delicious and irresistible plant-based breakfast options, Beyond Meat is making it easier than ever for consumers to make small changes to their morning routines that can add up to a meaningful impact on human health and the health of the planet.
To help make better breakfasts a staple in 2021 and celebrate small businesses across the U.S., Beyond Meat is teaming up with popular local restaurants in nine major cities to offer free delicious and better-for-you breakfast options made with Beyond Breakfast Sausage. Starting January 12, fans can book advanced time slots via Resy to pick up their free breakfast at more than 25 different locations across the country on January 14 between 8-11 a.m., local time. Each restaurant will be serving their own unique and customized recipe featuring craveable and savory Beyond Breakfast Sausage in a warm, satisfying meal. Participating restaurants and locations include:
"At Beyond Meat, we know that small changes can have a big impact on both our health and the health of the planet, and we want to inspire people to make those better choices starting with the first and most important meal of the day," said Chuck Muth, Chief Growth Officer, Beyond Meat. "We're thrilled to partner with local restaurants to offer consumers our delicious and better-for-you breakfast options, no sacrifice required."
Beyond Meat provides consumers with convenient ways to enjoy its variety of breakfast products through foodservice partners, local breakfast spots and grocery store shelves nationwide. Not located in one of the cities above? You can still enjoy Beyond Breakfast Sausage at home by visiting your local grocery store to try one of Beyond Meat's irresistible plant-based breakfast options:
Beyond Breakfast Sausage Patties are a quick and convenient plant-based option that goes from frozen to finished in under five minutes. Beyond Breakfast Sausage Patties are designed to taste like pork breakfast sausage patties, unlocking even more breakfast choices to power your day. Beyond Breakfast Sausage patties have 50% less total fat and 35% less saturated fat and sodium than a leading brand of pork breakfast sausage patties. Additionally, the patties have no GMOs, bioengineered ingredients, cholesterol, hormones, antibiotics, soy or gluten.
Beyond Breakfast Sausage Links are designed to deliver the same taste and texture as traditional pork sausage links but with 40% less sodium and no GMOs, bioengineered ingredients, cholesterol, hormones, antibiotics, soy or gluten. Beyond Breakfast Sausage Links feature a signature blend of savory herbs and spices and are a delicious and satisfying plant-based addition to any breakfast spread.
Throughout the month, fans can follow @BeyondMeat on Facebook, Instagram and Twitter, @BeyondMeatOfficial on TikTok and sign up for the Beyond Meat newsletter for breakfast inspiration, surprises and more.
About Beyond Meat
Beyond Meat, Inc. (NASDAQ: BYND) is one of the fastest growing food companies in the United States, offering a portfolio of revolutionary plant-based meats made from simple ingredients without GMOs, bioengineered ingredients, hormones, antibiotics, or cholesterol. Founded in 2009, Beyond Meat products are designed to have the same taste and texture as animal-based meat while being better for people and the planet. Beyond Meat's brand commitment, Eat What You Love(TM), represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based meat, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare. As of September 26, 2020, Beyond Meat had products available at approximately 122,000 retail and foodservice outlets in over 80 countries worldwide. Visit www.BeyondMeat.com and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook, Instagram and Twitter and @BeyondMeatOfficial on TikTok.
I told everyone when I got out (as price was under pressure) and never went back in. I still have no plans to do so, as I moved on elsewhere.
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