BYND

Beyond Meat Inc

Consumer


Presented:03/17/2021
Price:$139.19
Cap:$8.76B
Current Price:$6.60
Cap:$0.43B

Presented

Date03/17/2021
Price$139.19
Market Cap$8.76B
Ent Value$7.72B
P/E RatioN/A
Book Value$5.84
Div Yield0%
Shares O/S62.94M
Ave Daily Vol4,450,280
Short Int16.42%

Current

Price$6.60
Market Cap$0.43B
Beyond Meat, Inc. engages in the provision of plant-based meats. Its products include ready-to-cook meat under the brands The Beyond Burger and Beyond Sausage; and frozen meat namely Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.

Publicly traded companies mentioned herein: Beyond Meat Inc (BYND), McDonald’s Corp (MCD), YUM! Brands Inc (YUM)

Highlights

The presenter is short shares of Beyond Meat Inc (BYND), which trades at ~$139 per share. Its Q4’20 revenues fell short of Street estimates, its quarterly loss was wider than expected, and management declined to provide an outlook for 2021, citing the uncertainty caused by COVID-19. Despite this, the stock fell just 4% due to concurrent announcements regarding deals with MCD and YUM. Yet, the presenter believes that the pandemic has created a tough environment for BYND’s 1H’21, and he expects that poor results over the current quarter or two will cause the stock to trade down more significantly.

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Idea Discussion

Commentor 1 - 2 weeks ago

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