- Shares of Beyond Meat Inc surged 27% on Friday after the vegan burger maker forecast that sales would more than double overall in 2019 after they tripled in the first quarter.
The company is now set to be worth a whopping $7.36 billion, if current gains hold, after having started out with a $2.75 billion valuation on debut. “Post-trial adoption would offer upside to guidance,” Jefferies’ Kevin Grundy said. He also upped the price target to $105 from $85. Beyond Meat’s imitation meat patties and sausages made from ingredients like pea protein, coconut and canola oil, while a great alternative for consumers conscious of the environment, still needs to put in the work to get more takers as they cost much more than beef burgers.
And they still don’t make any money!
Bamboo, plus whole bunch of other 💩burgers yay
...”may cause cancer in laboratory animals...”
Have we been told if this is better for us or not.
Beyond Meat top choice for Wall Street after bullish results.❤️🤣🍗🍔
Should not have the word meat in it
Isn't this primarily due to their recent deal to put 'plant based sausage' on Little Caesar's Pizza? I don't know if I trust the outcome of a company based on a pizza company's sales
Wait for the IPO hype to die down before buying in, I told myself. You're welcome, other investors.
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Focus: Beyond Meat's home in the meat aisle sparks food fightIn a bid to directly compete with ground beef and pork sausage, Beyond Meat Inc ... Garbage will make you sick Vegetarians don't visit the meat aisle, so the product is aimed at meat eaters.
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Beyond Meat stock soars after first quarterly report since IPOBeyond Meat surged 160% in its first day trading on the public markets and has soared nearly 300% above its initial public offering price. They're making millions from fake meat. More like Beyond Reason... all the short sellers crying into their big macs
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