Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Beyond Meat, Inc.    BYND

BEYOND MEAT, INC.

(BYND)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Beyond Meat to start plant-based meats production in Europe next year

share with twitter share with LinkedIn share with facebook
share via e-mail
05/28/2019 | 11:08am EST
The company logo and trading information for Beyond Meat is displayed on a screen during the IPO at the Nasdaq Market site in New York

(Reuters) - Vegan burger maker Beyond Meat Inc said on Tuesday it would begin making its plant-based meats in Europe next year, in an effort to expand production outside the United States.

Shares of the Los Angeles-based company, which has actor Leonardo DiCaprio and Microsoft founder Bill Gates among its investors, rose more than 7% after J.P. Morgan called the company's potential for growth "extraordinary".

The growth opportunities for Beyond Meat come from younger, health-conscious consumers choosing vegan or vegetarian diets, resulting in a surge in popularity for plant-based meat substitutes from companies like Beyond Meat and its main rival Impossible Foods.

The two companies are competing to get their versions of vegan burgers in North American fast food chains, with Beyond Meat supplying Tim Hortons and Carl Jr., while Burger King sells Impossible Food's patty in its Whopper sandwich.

Beyond Meat's new production facility in the Netherlands, set up by meat distributor Zandbergen, will give it an edge over its competitors in Europe where the market for vegan "meats" is even younger than the United States.

"Localized production is expected to reduce the brand's transportation footprint, while increasing the speed in which Beyond Meat can get products to customers across Europe," the company said.

J.P. Morgan analyst Ken Goldman estimated the total addressable market for plant-based meat to be worth $100 billion in 15 years, with Beyond Meat taking a 5% share.

Goldman said Beyond Meat's annual sales could ultimately exceed $5 billion, compared with $88 million last year, and expects the company to partner with at least one more major fast-food chain by the end of 2019.

Beyond Meat, whose shares have now risen 85% since their market debut earlier this month, partnered with Zandbergen to distribute its products in restaurants and retailers across Europe last year.

(Reporting by Uday Sampath in Bengaluru; Editing by James Emmanuel)

Stocks mentioned in the article
ChangeLast1st jan.
BEYOND MEAT, INC. 3.34% 113.66 Delayed Quote.45.40%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.39% 133.5 End-of-day quote.-6.40%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 115.025 End-of-day quote.-6.17%
MICROSOFT CORPORATION 1.51% 170.96 Delayed Quote.6.58%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BEYOND MEAT, INC.
11:14aWALL STREET STOCK EXCHANGE : Salesforce’s CEO resigns, Walt Disney’s Robert Iger..
08:09aGOLDEN KRUST® : launches Jamaican-style plant-based patties made with Beyond Mea..
BU
04:27aStarbucks to launch Beyond Meat plant-based breakfast sandwich in Canada
RE
03:11aBEYOND MEAT : Fake meat and a latte? Starbucks adds Beyond Meat in Canada
AQ
02/21BEYOND MEAT : ROSEN, A TOP RANKED LAW FIRM, Reminds Beyond Meat, Inc. Investors ..
PR
02/20Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Be..
PR
02/14BEYOND MEAT : Notice of Lead Plaintiff Deadline for Shareholders in the Beyond M..
BU
02/13Beyond Meat® to Report Fourth Quarter and Full Year 2019 Financial Results on..
GL
02/12BEYOND MEAT : ROSEN, NATIONAL INVESTOR COUNSEL, Reminds Beyond Meat, Inc. Invest..
BU
02/10BYND LOSS NOTICE : ROSEN, NATIONAL INVESTOR COUNSEL, Announces Filing of Securit..
PR
More news
Financials (USD)
Sales 2019 283 M
EBIT 2019 3,28 M
Net income 2019 -10,7 M
Finance 2019 257 M
Yield 2019 -
P/E ratio 2019 -521x
P/E ratio 2020 272x
EV / Sales2019 23,0x
EV / Sales2020 13,1x
Capitalization 6 762 M
Chart BEYOND MEAT, INC.
Duration : Period :
Beyond Meat, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BEYOND MEAT, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 106,80  $
Last Close Price 109,92  $
Spread / Highest target 68,3%
Spread / Average Target -2,84%
Spread / Lowest Target -54,5%
EPS Revisions
Managers
NameTitle
Ethan Walden Brown President, Chief Executive Officer & Director
Seth Goldman Executive Chairman
Sanjay Shah Chief Operating Officer
Mark Joseph Nelson Chief Financial Officer & Treasurer
Raymond J. Lane Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BEYOND MEAT, INC.45.40%6 762
NESTLÉ S.A.0.00%309 227
MONDELEZ INTERNATIONAL, INC3.52%81 706
DANONE-8.55%47 666
THE HERSHEY COMPANY7.04%32 998
THE KRAFT HEINZ COMPANY-18.86%31 842