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

Lab-grown meat producer Memphis Meats raises $161 million in funding led by SoftBank

share with twitter share with LinkedIn share with facebook
share via e-mail
01/22/2020 | 07:56pm EST
FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo

Lab-grown meat producer Memphis Meats said on Wednesday it raised $161 million in a funding round led by Japan's SoftBank Group, Singapore's wealth fund Temasek Holdings and Norwest Venture Partners.

The company said https://www.dropbox.com/sh/a8d448rg2ia38wb/AADm73yA_KTatQr7C4RmZHTEa/Press%20releases?dl=0&preview=Series+B+press+release.pdf&subfolder_nav_tracking=1 the latest round took total funding to over $180 million and drew investment from new and existing investors such as Bill Gates, Richard Branson and meat producer Tyson Foods.

The company did not disclose the valuation at which the funding was made.

Memphis Meats makes its products from animal cells in labs, differing from companies like Beyond Meat and Impossible Foods, which develop their meat alternatives from plant-based proteins.

Berkley, California-based Memphis Meats said it would use the funds to build a pilot production facility and launch new products.

Plant-based meat and other meat alternatives are soaring in popularity, with millennials and Gen Z consumers increasingly shunning beef, poultry and pork for environmental and health reasons.

Beyond Meat shares have risen five-fold from their May IPO price and the company has benefited from partnering with Subway and McDonald's. Rival Impossible Foods has tied up with Burger King and White Castle.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Amy Caren Daniel)

Stocks mentioned in the article
ChangeLast1st jan.
BEYOND MEAT, INC. -2.60% 117.45 Delayed Quote.55.36%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.75% 139.75 End-of-day quote.-3.53%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.25% 119.8 End-of-day quote.-3.99%
MCDONALD'S CORPORATION 0.37% 215.87 Delayed Quote.9.24%
MICROSOFT CORPORATION -3.16% 178.59 Delayed Quote.13.25%
RESTAURANT BRANDS INTERNATIONAL INC. -0.66% 65.87 Delayed Quote.3.29%
SOFTBANK GROUP CORP. 2.40% 5664 End-of-day quote.1.23%
TYSON FOODS, INC. -1.23% 77.83 Delayed Quote.-14.51%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BEYOND MEAT, INC.
02:13aCargill to challenge Beyond Meat, Impossible Foods with new plant-based burge..
RE
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
02/10BYND Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit ..
PR
02/04BEYOND MEAT, INC. Wolf Haldenstein Adler Freeman & Herz LLP announces that a ..
PR
02/03BEYOND MEAT ALERT : Bragar Eagel & Squire, P.C. Announces That a Class Action La..
BU
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 -556x
P/E ratio 2020 290x
EV / Sales2019 24,6x
EV / Sales2020 14,0x
Capitalization 7 226 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 117,45  $
Spread / Highest target 57,5%
Spread / Average Target -9,07%
Spread / Lowest Target -57,4%
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.55.36%7 226
NESTLÉ S.A.4.37%320 961
MONDELEZ INTERNATIONAL, INC6.66%84 185
DANONE-3.92%50 002
THE HERSHEY COMPANY9.08%33 627
THE KRAFT HEINZ COMPANY-15.16%33 295