Shares of plant-based-meat manufacturer Beyond Meat Inc. soared another 13% Tuesday, bringing the stock’s post-IPO gain to a stunning 240%, after Bernstein initiated coverage with a bullish outperform rating.
“Restaurant chains are finding that they can draw customers just because they have this meat alternative, so that’s another appeal [of the stock’s],” said Smith.Related: Beyond Meat CEO wants to make traditional protein from animals ‘obsolete’ If Beyond Meat could secure a 5% share of that market — it has a 2% stake today — it would imply sales of $2 billion in 2028, compared with about $207 million this year.
Impossible Foods, the privately owned company behind the Impossible Burger that Burger King QSR, -1.59% is selling, is Beyond Meat’s biggest rival for now, although that’s unlikely to remain the case for long. Other smaller players in the space include Boca Foods, Field Roast Grain Meat Co., Gardein, Impossible Foods, Lightlife, Morningstar Farms and Tofurky.
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Beyond Meat shares soar anew to bring post-IPO gains to 240%Shares of plant-based meat company Beyond Meat Inc. soared another 13% Tuesday, bringing the stock’s post-IPO gains to a stunning 240%, after Bernstein... MORE 'BS' of a hyped POS stock They’re really good!! And I’m not even a vegetarian/vegan💕 It’s a win win . Ground beef is as cheap as ever .
Source: MarketWatch - 🏆 3. / 97 Read more »
Beyond Meat prices IPO at $25 per share: SourceThat's above the company's original expected range between $19 and $21 per share. The high end of the previous range would have valued the company as high as $1.21 billion. Will someone be making a tender offer for this juicy target? Once again US ingenuity leading the way to a better world. I won’t be eating this but for those who do it’s great they have the option. Business providing solutions to problems. What is that per pound?
Source: CNBC - 🏆 12. / 72 Read more »
Beyond Meat prices IPO at $25 per shareBeyond Meat is pricing at $25 a share, at the top of an already boosted range. This makes the plant-based meat substitute company another unicorn to test the public waters. hahaha such nuts on this news Now it’s double. Don’t buy.
Source: CNBC - 🏆 12. / 72 Read more »
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Beyond Meat, plant-based food company, surges more than 130% after IPOPea protein is the main ingredient of Beyond Meat products, designed to replicate the taste and texture of animal-based foods. Ewww
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Beyond Meat sees lots of green for its IPO - Reuters TVMeatless burger company Beyond Meat, which boasts investors Bill Gates and Leonardo DiCaprio, soared at its debut on the NASDAQ Thursday. TV Love them! BeyondMeat TV Asco TV Buying low day on Wall Street.
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