But they have to- I think the market wants to see improvement in the restaurant side of the business for Beyond Meat and some traffic to return to a lot of the retail stores where their products are sold. It is going to be tough because of what's going on with the pandemic. And then secondarily, the fundamentals of the business just have to improve- in large part, that restaurant side of the business. I think you'll see additional announcements from us throughout the year on products and partnerships.īRIAN SOZZI: So you have to think, what will scare these short sellers out of Beyond Meat? One is just, I think, a continued barrage of new products that is likely coming over the next 12 to 18 months. Beyond Meat, an early mover in the plant-based meat market, went public at 25 a share in May 2019. And so we feel really good about what's coming down the pike. Beyond Meat ( BYND 0.17) and Coupang ( CPNG -0.72) both disappointed a lot of investors.
We're growing our infrastructure to be able to produce and serve these customers at an even stronger pace. And so we are innovating at a terrific pace. This is the largest nationwide plant-based chicken launch ever. Beyond that, Robinhood fully encrypted its app and built-in state-of-the-art. We've opened up facilities in Europe and in China, introduced new products there, here in the US. (HOOD) stock discussion in Yahoo Finances forum. And if you look at what we were able to accomplish over the last 18 months, I think we've commercialized more products than anyone in the plant-based industry across the globe. To me, it sounded like they have a lot of stuff in the hopper.ĮTHAN BROWN: It's fun to look into our innovation pipeline and see all the products that are available for us to push out into the market. Now we talked to Beyond Meat founder and CEO Ethan Brown earlier this week, asked him about the product pipeline.
I would argue, Julie, Beyond Meat hasn't gotten, I would say, the respect in the market for several product introductions like those new nuggets at KFC. And really, it's because of this short position. And overall, shares of Beyond Meat are down about 44% over the past year, in large part because of just pressure on the restaurant side of the business, pressure in terms of production.Īnd so far, short sellers have been winning out. As you can see on that chart right there, Beyond Meat is the most shorted stock inside the Russell 1000. (BYND) Interactive Stock Chart - Yahoo Finance 2023 Yahoo. The overall short position in Beyond Meat is now 42%. And you're looking at some of the dynamics under the surface.īRIAN SOZZI: Yeah, some interesting new short selling data out, Julie, this morning from S3 Partners and the Financial Times, pointing to a 40% increase in the short position in Beyond Meat since October when they reported their last quarter here. The stock, though, has not done- it's up today, but we have seen a downdraft over the past year or so, Brian Sozzi. JULIE HYMAN: Well, last week, we learned that Beyond Meat was rolling out a new meatless nugget product at KFC.
With no profit to hang a price-to-earnings ratio on, and a price-to-sales ratio of more than 50 at present, I'm at a loss to understand what basis IBD has for saying Beyond Meat is worth $85.55 per share - other than its assertion that "you can spot the typical proper buy point by simply adding 10 cents to the base's left-side high.Yahoo Finance’s Julie Hyman and Brian Sozzi discuss short-selling data on Beyond Meat stock after the company announced a partnership with KFC to produce plant-based chicken. I have to say I'm skeptical of this analysis. First, Investor's Business Daily named Beyond Meat its "IBD stock of the day" yesterday, arguing the shares, which trade at $77 and change as of this writing, are "forming an IPO base with an 85.55 buy point" - which presumably means IBD is telling investors to buy Beyond Meat at any price up to and including $85.55 a share. So whatĪs far as I can tell, two things are driving enthusiasm for the fake-meat producer. Currency in USD Add to watchlist 12.04 +0.24. (BYND) NasdaqGS - NasdaqGS Real-time price. Unfortunately, there doesn't seem to be a lot of "beef" between the buns here. (BYND) stock price, news, quote & history Yahoo Finance Beyond Meat, Inc. Shares of Beyond Meat (NASDAQ: BYND) - a maker of plant-based, meat-resembling foods, and one of the hottest initial public offerings (IPOs) of the season - are up 11% as of 1:45 p.m.
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