Beyond Meat, Inc. (BYND) Stock Review
Ethan Brown founded Beyond Meat, Inc.,a Los Angeles-based producer of plant-based meat substitutes. The company’s goal is to reduce food’s environmental impact by creating healthier options for consumers.
Earlier this year, Beyond Meat (BYND) stock rallied. The plant-based meat alternative company was making headlines due to its nationwide distribution deal with KFC restaurants. It also gained traction due to its announcement of plant-based chicken nuggets mid-month. However, demand has been softening, and investors are noticing. The stock is now down 88% from its 52-week high. The market isn’t impressed with the company’s performance so far. As a result, the outlook for BYND stock looks weak, and investors may want to wait before making a purchase.
By reading through an earnings report guide, investors can learn more about the company’s past and future earnings. The company also offers a free account, which includes real-time analyst ratings. In addition, MarketBeat provides in-depth profiles of over 20,000 public companies. The site also provides an email newsletter to inform you of critical market events. The earnings report guide includes a list of analyst estimates for the next two quarters.
Getting your hands on a stout share of the plant meat juggernaut is no small feat. The company is a hothouse of innovation in the industry. One of the most impressive achievements of the company is its global reach. Aside from the previous typhoons, the company operates in more than 50 countries, including the U.S. and the European Union. The company also boasts several patents, licenses, and other innovations. The most notable among them is the company’s ability to provide a wide range of high-quality and consistent plant-based meats and other culinary delights without the hassles of animal slaughterhouses.
Whether you are a Bynd stock fan, the company has had a rough go of late. As such, a cursory investigation into the stock’s financial health should be on your to-do list. A cursory perusal of its latest quarterly filings and public conference calls should yield a few worthwhile lessons, not to mention some ribbing. The company is not immune to sexism, and its CEO Ethan Brown is not shy about using its capital to fuel his burgeoning philanthropic agenda. The company has a well-defined business model, a solid management team, and a well-funded research and development budget. Of course, this does not mean the company cannot do better. Nonetheless, such improvements might be on the horizon in a heartbeat.
Often, analysts provide predictions for metrics to accompany their ratings. This offers additional guidance to investors. However, analyst ratings are not recommendations to buy or sell stocks. Instead, they are meant to provide short-term trends in analyst sentiment.
Analysts rate companies every three months and conduct extensive research to determine the company’s performance. They interview executives and customers and listen to earnings conference calls. They also analyze earnings estimates, revisions, and other data. They publish predictions for metrics and stock price targets. The number of analysts who rate a company on a scale of one to five gives more weight to the rating. The average rating is calculated by dividing the recommendations received by a factor of one to five. The whole is then summed. The greater the number of analysts, the higher the rating.
MarketBeat provides daily ratings and in-depth profiles for 20,000 public companies. The site also offers a free account to access real-time analyst ratings and insider transactions. In addition, they publish a daily market update email newsletter.