Here’s what to watch for in Beyond Meat earnings:Įarnings: FactSet is pointing to earnings per share of 4 cents.Įstimize, which crowdsources estimates from sell-side and buy-side analysts, hedge-fund managers, executives, academics and others, expects per-share earnings of 6 cents.īeyond Meat missed the consensus earnings forecast in the last quarter, reporting wider-than-expected losses of 24 cents per share. “Investors will want to hear an update on the competitive landscape, especially after Impossible Foods launched in retail.”įactSet is guiding toward fiscal 2019 sales of $264.9 million.īernstein rates Beyond Meat shares market perform with a $130 target price.īeyond Meat’s stock has an average hold rating and an average target price of $139.73, according to the dozen analysts polled by FactSet.Īlso: Chipotle’s carne asada supply is running low, bringing the limited-time offer to an early end “Specifically management expected sales to exceed $240 million in fiscal 2019, which could be conservative as it does not include the incremental revenue from potential new food service and retail partnerships, like Dunkin’ Donuts, McDonald’s and HelloFresh,” analysts wrote. meat retail market to compete head on with Beyond Meat.”īernstein analysts predicted there will be upside to Beyond Meat’s 2019 sales guidance because of these restaurant partnerships. Also, Impossible Foods, Beyond Meat’s food tech rival, recently entered the $95 billion U.S. “Over the recent months, several large packaged food companies have entered this space and introduced competing plant-based products. “While Beyond Meat is well-positioned to benefit from this movement, investor expectations seem overly optimistic, evidenced by a more than 400% share-price appreciation since the company’s $25 IPO in late May,” wrote Arum Sundaram in the CFRA note. See: Beyond Meat initiated at sell as large competitors make gains in plant-based food This prompted the sell initiation at CFRA. The meatless-chicken pilot that Yum Brands Inc.Ĭhain KFC added to the menu sold out in five hours.Īnd Beyond Meat has turned up on menus for Subway, Uno Pizzeria & Grill and at the Bistro Bar at the Courtyard by Marriott MAR,īut as Beyond Meat and its plant-based brethren become bigger sales drivers, other companies are jumping into the space. Is adding the Beyond Meat sandwich it piloted in New York City at 9,000 U.S. Jefferies rates Beyond Meat stock hold with a $190 price target.īeyond Meat has made headlines thanks to the growing number of fast-food chains that are piloting or permanently adding Beyond Meat products to the menu. Tim Hortons is part of the Restaurant Brands International Inc. “That said, it is worth noting that quick-service restaurants have not always adopted Beyond Meat product following the testing phase, with Tim Hortons having recently allowed its ‘limited-time offer’ of Beyond products to lapse in restaurants outside of British Columbia and Ontario.” “McDonald’s participation with Beyond Meat has the potential to significantly boost Beyond Meat sales if it is rolled out beyond the test phase,” Jefferies said. “At this stage, this is bigger news for Beyond Meat than McDonald’s, but demonstrates the willingness of restaurant concepts to add plant-based products and bodes well for longer term availability,” wrote Cowen analysts in a report titled “Restaurants Should Root for Plant-Based Proteins.”īut Jefferies analysts note that not every restaurant operator that runs a Beyond Meat pilot puts it on the menu longer term. Read: Beyond Meat’s stock soars after McDonald’s unveils test of ‘P.L.T.’ burgers
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