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

Starbucks to add more plant-based food in latest green push; Beyond Meat shares jump

share with twitter share with LinkedIn share with facebook
share via e-mail
01/21/2020 | 01:32pm EST
FILE PHOTO: Company's logo is seen at a Starbucks coffee shop in Zurich

Starbucks Corp aims to add more plant-based food and drinks to its menu as part of the company's latest plan to become more environmentally friendly, Chief Executive Kevin Johnson said on Tuesday, prompting a surge in shares of Beyond Meat Inc.

Over the past year, with the rise of companies including Beyond Meat and Impossible Foods, "plant-based" has become a food industry buzzword and several major brands and restaurants have raced to offer such products. The plant-based meat substitute category is expected to be worth $140 billion in the next decade, according to Barclays.

Starbucks - which sells sausage breakfast-sandwiches, chicken wraps and smoked salmon bagels with cream cheese - did not say by when it would start offering plant-based items. A spokeswoman told Reuters the company is exploring meat alternatives for its breakfast menu, but declined comment on potential suppliers.

Shares in Beyond Meat, which makes pea-based sausages, chicken and burgers, rose as much 17.1% to $127.80.

Starbucks also said it aims to eventually shift to reusable packaging from single-use cups and plastic, and invest in better waste-management.

For now, the world's largest coffee chain has laid out targets for 2030 including halving landfill waste from stores, and carbon emissions from its direct operations and supply chain. The targets were informed by research from the World Wildlife Fund and sustainability consultant Quantis, Starbucks said.

Starbucks, which uses about 6 billion cups a year at its more than 30,000 outlets, has failed in the past to meet some of its own environmental goals including making 25% of its cups reusable by 2015. The target was revised to serving 5% of its beverages in personal tumblers by 2015, which Starbucks also missed.

The Seattle-based company's abundant use of containers, lids and straws has been criticized by consumers as well as activist groups for decades. To be sure, some of its goals have been met, such as a 2008 plan to buy enough renewable energy certificates to power all of its company-operated stores by 2015.

By Richa Naidu and Hilary Russ

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC -1.18% 179.62 Delayed Quote.-0.01%
BEYOND MEAT, INC. -2.60% 117.45 Delayed Quote.55.36%
CHEESE FUTURES (CSC) - CMG (ELECTRONIC)/C1 0.11% 1.788 End-of-day quote.-12.75%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.75% 139.75 End-of-day quote.-3.11%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.25% 119.8 End-of-day quote.-3.69%
STARBUCKS CORPORATION -1.40% 87.36 Delayed Quote.-0.64%
WASTE MANAGEMENT 0.41% 124.56 Delayed Quote.9.30%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BEYOND MEAT, INC.
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
02/02BYND Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit ..
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.4.05%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