#4 - Beyond Meat (NASDAQ:BYND)
The movement towards plant-based foods is likely to be an investable story in the next decade. However, that doesn’t necessarily mean that Beyond Meat (NASDAQ:BYND) will benefit from being a pioneer in the space.
The issue isn’t so much revenue, although that is not growing as much as many investors would like. But the company is not profitable, and the forecast is that it won’t be profitable before 2026.
One problem that Beyond Meat faces is that its products are not at cost parity with beef products. And even though inflation has raised the price of ground beef, it isn’t moving customers toward the company’s plant-based alternatives. And the company continues to face compressed margins, which means it doesn’t have any pricing power.
Beyond Meat is hoping that a 19% reduction in staff will be a key ingredient to its plans to be cash-flow positive sometime in 2023. Maybe you can take a bite out of the stock, then.
About Beyond Meat
Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.
Read More - Current Price
- $4.89
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 3 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $5.50 (12.5% Upside)
