why is beyond meat stock downwhy is beyond meat stock down

Moreover, while some plant-based meat manufacturers are struggling, others are seeing rising sales. Separately, the company today announced a new partnership with Pizza Hut with Beyond's plant-based Italian sausage alternative. Some Fun Scenarios, FAQs & Making Sense of BYND Stock Movements: Question 1: Is the average return for Beyond Meat stock higher after a drop? Investors certainly shouldn't expect any stock to post monthly double-digit stock gains over the long term. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. J.P. Morgananalyst Ken Goldman told Brown he thought the opacity on the subject is "spooking people a little bit." Invest better with The Motley Fool. *Average returns of all recommendations since inception. Heres why Id bet against that: WYNN stock has proven that it doesnt create value. Business. For a while, it seemed Beyond Meat was taking over the world. Beyond Meat cited a number of factors as possible contributors, including the impact of the Covid-19 delta variant on demand. Thats the definition of value destruction which is part of the reason the company doesnt see its losses narrow even though times are good in its industry. The research will also include endeavors to find new plant-proteins that can be used to further improve the brand's products. At the category level, were seeing volumes for plant-based meats down 22 consecutive months now, said John Baumgartner, a consumer food analyst at the financial institution Mizuho Americas. Right now, it appears investors are flocking to Big Lots peers. For the year, it expects revenue in the range of $560 million to $620 million, representing annual growth of 21% to 33%. As of 10:30 a.m. EDT, Beyond Meat stock was down 3%, but had dropped as much as 5% earlier in the day. Will Medtronic Stock Rebound To Its Pre-Inflation Shock Highs? Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Stock prices for Beyond Meat (BYND) have significantly dropped during the company's first quarter. Invest with Trefis Market Beating Portfolios, This is a BETA experience. To make the world smarter, happier, and richer. The IRI data show that while volume sales of Impossible ground meat and faux burger patties were down slightly, volumes of other categories, including frozen faux meat and chicken, soared. Beyond Meat stock has experienced incredible gains in 2020. But short interest is 24% of the stock's float, according to Yahoo Finance. Whether thats true or not, share prices have fallen from $3.25 to $0.11 in 2023. Even now, the plant-based meat sector appears to offer a lot f hope. In comparison, the S&P 500 has an average return of 3.1% over the next 21 trading days under Case 1, and an average return of just 0.5% for Case 2 as detailed in our dashboard that details the average return for the S&P 500 after a fall or rise. No single metric reflects that truth more than the fact that revenues fell by 15.7% to $92.2 million in thefirst quarter. You just lost a ton of your base. At 41%, its fair to state that few investors believe in the discount retailer and its chances to move higher price-wise. The Motley Fool has positions in and recommends Beyond Meat, Inc. Investors are likely waiting to see whether Wynn Resorts can actually make something positive of the bonanza in travel thats been handed to the firm. Even after today's . The data around the category are mixed. While the competitive companies have continued to improve existing products while quickly rolling out new ones, he said, he is concerned that some products are coming to market too quickly. Over the past year, volume sales of refrigerated plant-based meats slid 11.6 percent, with packages of faux ground meat and patties taking a particular beating, according to IRI, a market research firm. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. However, sales decreased by 5.4% during the same period. Photographer: Gabby Jones/Bloomberg. While the company turned in a weak first-quarter report mid-month, the stock was already down considerably in May before that event. It did receive FDA approval, ultimately. Youre not selling iPhone version 1.0 and maybe its not the best and greatest, but the consumer can upgrade to version 2.0, which has better graphics and keypad, Mr. Baumgartner said. With more companies and products emerging in the meat alternative market, Beyond might be in a little bit of trouble but let's be honest, we'll always love the brand's incredible creations, and we can't wait to see new ingredients that may come from its work with Stanford. Coca-Cola And CL Stock May Offer Little Returns In The Next Three Years, Stocks This Week: Buy D.H Horton And Intuitive Surgical, A change of -2.3% or more over twenty-one trading days is a 52% likelihood event, which has occurred 319 times out of 615 in the last two and a half years, Of these 319 instances, the stock has seen a positive movement over the next twenty-one trading days on 110 occasions, A change of 2.4% or more over ten trading days is a 37% likelihood event, which has occurred 233 times out of 626 in the last two and half years, Of these 233 instances, the stock has seen a positive movement over the next ten trading days on 121 occasions, A change of -1.3% or more over five trading days (one week) is a 46% likelihood event, which has occurred 291 times out of 631 in the last two and half years, Of these 291 instances, the stock has seen a positive movement over the next five trading days on 146 occasions. We believe this is likely to be a temporary stumbling block. And according to Nasdaq, it would take short . That turned it into a hot entrant during the pandemic and share prices spiked. Shares also plummeted by 7.1 percent in the premarket. Chipotles Stock Up 50% Over Six Months. I dont know what the answer is there. You obviously dont know your patrons.. The Motley Fool owns shares of and recommends Beyond Meat, Inc. I only know that Beyond Meat lost, On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. The single saving grace for Mullen Automotive is that it actually will record revenue in Q2 following the sale of 22 EV cargo vans for $308,000. But it was the fourth vaccine to do so, and by that time, the race was already over. The catalyst that sent the maker of plant-based meat substitutes down was a report that privately held rival Impossible Foods had just inked a potentially lucrative deal. 1125 N. Charles St, Baltimore, MD 21201. significantly dropped during the company's first quarter, a plant-based diet is proven to be healthier, meatless diets include far less saturated fat and cholesterol, Tyson recently released a line of meat alternatives. Where Will Beyond Meat Stock Be in 3 Years? OPEN shares are a fair indictment of many of the issues afflicting the housing market currently. Even after today's pullback, that's meaningful downside. That said, some of this underperformance may be expected. The company is telegraphing the idea to the public that it has sufficient cash and capital. As of 10:30 a.m. EDT, Beyond Meat stock was down 3%, but had dropped as much as 5% earlier in the day. Learn More. To see how Beyond Meat stands in comparison to its peers, check our analysis on Beyond Meat vs Bunge. But others wonder if the companies have simply reached the maximum number of consumers willing to try or repeatedly purchase faux burgers and sausages. Green Matters is a registered trademark. *Average returns of all recommendations since inception. Where Will Beyond Meat Stock Be in 3 Years? If that werent enough, PetMed Express also has one of the most inflated P/E ratios of any firm, in the worst 0.5% to be precise. In short, significant market shocks and short selling bans arent mere fantasy. Beyond Meat stock has experienced incredible gains in 2020. Smithfield's Pure Farmland line also includes meatless burgers, meatballs, breakfast patties, and pre-seasoned protein starters. (Photo by Alex Tai/SOPA Images/LightRocket via Getty Images). The company's distribution has maxed out in the U.S., while inventory levels . The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, 5 Artificial Intelligence Stocks to Buy Before They Skyrocket, Why Microsoft Stock Is a No-Brainer Buy if Shares Fall Further, Louis Navellier and the InvestorPlace Research Staff, 3 EV Stocks That Could Crash and Burn Like Lordstown Motors, MULN Stock Keeps Falling After Russell Gave Mullen the Boot. To make the world smarter, happier, and richer. Thats what matters. I dont have to explain why thats a net negative. quotes delayed at least 15 minutes, all others at least 20 minutes. Wynn Resorts (NASDAQ:WYNN) stock is not necessarily destined for a nose dive, nor is it a particularly weak stock. Its faux burgers and sausages were landing on dinner plates in homes throughout the United States and on the menu boards of chains like Subway, Carls Jr. and Starbucks. When things go wrong in these markets, they really go wrong. However, Howard doesn't just think Beyond Meat stock will fail to beat the market. 3 Stocks to Dump Before the Short-Selling Ban. The company remained roughly $1 million away from breakeven despite booming casino, room, food & beverage, and entertainment revenues. But the Deloitte analysts said another problem might be resistance to a product that some segment of customers see as woke and linked to politically left-leaning ideas. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. What if youre looking for a more balanced portfolio instead? When a business is doing well, it's often best to keep holding. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Jon Quast owns shares of Beyond Meat, Inc. Thats not a positive sign, even when considering the companys recent numbers. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. On the date of publication, Alex Sirois did not have (either directly or indirectly) any positions in the securities mentioned in this article. But the ramifications of this change go beyond an . Heres why Id bet against that: WYNN stock has proven that it, GME stock is simply not worth what it trades for. Also, there is a 42% chance that the stock will give positive return in the next one month following a 5% drop over the previous week. The $6 million in net income the company received in Q1 22 became a $5.1 million net loss a year later. In Q2 2021, despite revenues rising 32% y-o-y, net loss almost doubled from $10.2 million to $19.7 million on account of higher R&D expenses. Why Beyond Meat Has a Lot of Work to Do Before It's on Track Again, Don't Wait for a Market Crash: These 2 Top Stocks Are on Sale. All rights reserved. So what. She has covered banks, private equity, retail and health care. Beyond Meat stock (NASDAQ: BYND) has dropped below $100 recently after the company reported a bleak outlook for Q3 2021. Today's Range $12.90 $13.71 50-Day Range $10.02 $13.94 52-Week Range $9.81 $44.59 Volume 2.03 million shs Average Volume 2.74 million shs Market Capitalization $845.91 million P/E Ratio N/A Dividend Yield N/A Price Target $14.25 Where Will Beyond Meat Stock Be in 3 Years? Mullen Automotive is a pre-revenue firm with operational, PetMed Express increased its customer base by 12% in the first quarter. Instead, theyre fundamentally weak firms lacking strong fundamentals and are due for further nose dives. You can test the answer and many other combinations on the Trefis Machine Learning Engine to test BYND stock chances of a rise after a fall and vice versa. Beware, AI firms will be popping up that promise to have fixed the iBuying algorithm problems that plagued Opendoor. Investors should be wary of buying Beyond Meat stock even after it's declined considerably. Sales weakened during the first quarter and losses were substantial, though narrower. Brown would only comment that Beyond Meat and McDonald's have a "very long-term relationship.". A precedent for a short-selling ban in stocks exists making another ban likely. Early during the pandemic, Novavax was tapped as a clear leading candidate in the race to develop a vaccine. In short, extreme bearishness. For context, in May, the S&P 500 index was barely in the green with a 0.2% return, while the tech-heavy Nasdaq Composite edged down 2%. Its only a useful investment for short selling, meaning those involved in this game may want to exit their positions before its too late. Analysts at Deloitte, who conducted a survey of consumers this year, questioned whether the 53 percent who were not buying plant-based meats could be turned into customers. Beyond Meat Inc. has been able to shift to greater sales at retail outlets as the coronavirus pandemic affected restaurant sales, though the split between retail and foodservice may not rebalance until at least mid-2021. Few metrics explain that idea better than short interest, which hovers near 27%. Also, there is a 56% probability that the stock will give a positive return in the next three months. Put succinctly, Big Lots is one of the worst-run discount retailers and offers little in the way of hope. Taken differently, we could understand his quote to imply that although inactivity strikes us as intelligent, it actually isnt. Retailnetrevenuesledourgrowth,increasing45 percent year-over-year. When the company went public in 2019, its shares skyrocketed as investors bet that the meatless movement was finally having its moment. Shares of plant-based meat-alternative producer Beyond Meat (BYND 1.46%) are down 22% Tuesday, as of 10:35 a.m. EST. That leaves investors with a few possible explanations. Why is Beyond Meat's stock down? Notably, BYND stock has traded roughly flat for 2023. Healthcare, Biotech, Consumer Discretionary, Consumer Staples. Commentary Trading Nation Beyond Meat plummets 60% since a January peak. Big Lots sales fell by double digits across every major category in the first quarter, with the exception of food and electronics which still fell by 5% and 7%, respectively. [I]n marketing, we have a story to tell, said Beyond's Chief Executive, Ethan Brown, on a phone call discussing the brand's sinking earnings, as per Market Watch. Why not? A major part of this decline has come in July 2021, mainly due to caution on the part of investors on the foodservice sector amidst resurgence in Covid-positive cases. Interestingly, though, if a stock has gained over the last few days, you would do better to avoid short-term bets for most stocks - although BYND stock appears to be an exception to this general observation. Selling stocks short is a practice thats once again facing criticism, and a potential ban, following the collapse of multiple regional banks earlier in the year. The company said the poor performance was the result of the impacts from the COVID-19 pandemic that it hadn't yet felt in previous quarters. The announcement will mean little for its extremely weak stock which trades for roughly a dime. Like AMC, Id argue that its more danger than its worth. If that werent enough, PetMed Express also has one of the most inflated P/E ratios of any firm, in the, It presents a conundrum to investors in the case of BYND stock. That's why it's best to stay the course with top growth stocks, ignoring the volatility Beyond Meat is experiencing today. superstore. Shares of Beyond Meat ( BYND -7.44%) were falling by 5.4% at 10:55 a.m. Beyond the Orange Chicken showed us just how great the demand is for an innovative plant-based dish at Panda, said Evelyn Wah, a Panda Express executive. Maybe Im not alone based on declining sales. GameStop (NYSE:GME) is the other predominant meme stock investors know about. Case 1: Beyond Meat stock drops by -5% or more in a week, Case 2: Beyond Meat stock rises by 5% or more in a week. A look at the stock's price movement, the close in the last trading session was $12.97, moving within a range at $12.89 and $13.34. The Motley Fool has a disclosure policy. It hasnt worked well. LOS ANGELES, UNITED STATES - 2020/02/01: Plant-based Beyond Meat products seen in a Target [+] superstore. But there's another reason: market dynamics. Beyond Meat (NASDAQ:BYND) is clearly struggling.No single metric reflects that truth more than the fact that revenues fell by 15.7% to $92.2 million in the first quarter.This suggests limited . This latest bit of news is leaving a bad taste in the mouth of Beyond Meat investors. Also, there are some concerns regarding the companys profitability. Impossible (Foods).". Last year, Lightlife publicly called out Beyond Meat for its alleged unhealthy ingredients. Opendoor (NASDAQ:OPEN) stock is one of the more salient examples of technology meeting opportunity, leading to trouble. Making the world smarter, happier, and richer. In August, when the Cracker Barrel restaurant chain stated on its Facebook page that it had begun offering the meatless Impossible Sausage, the post was flooded with thousands of comments from irate customers. MACHINE LEARNING ENGINE try it yourself: IF BYND stock moved by -5% over five trading days, THEN over the next 21 trading days, BYND stock moves an average of about 2.6 percent. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Unfortunately, the company's recent earnings report suggests that carnivores are reverting back to their protein of choice, resulting in falling sales for Beyond Meat and added pressure on its already withering stock. For example, Tyson recently released a line of meat alternatives that are supposedly somewhat comparable to Beyond's products. Despite Beyond Meat's burgeoning grocery-store sales, the company has been hit hard by shutdowns in the restaurant industry. After all, the newsletter they have run for over a decade . Cost basis and return based on previous market day close. Hype may simply never materialize into anything tangible in the case of plant-based meats. The result is a sort of aura around the firm that has made it difficult to define through traditional pricing metrics. But privately held Impossible Foods said demand for its products grew tremendously last year. However, its pricing power is a concern because of the intense competition in the plant-based meat substitute category. Q1 sales hit $941 million in 2020 and $1.2 billion in 2019. While Wynn Resorts revenues increased by nearly 50% in the first quarter, reaching $1.423 billion, its losses did not narrow.