SAN FRANCISCO - U.S. consumers hankering for one of Beyond Meat Inc’s faux-meat burgers can pick one up at the grocery store for about $3 a patty.That is a fraction of what they are going for on Wall Street, where investors looking to get a serving of the food producer’s sizzling stock appear to be laying down the equivalent of more than $50 a burger.
With ground beef retailing in grocery stores for the equivalent of $1 or less per 4-ounce burger patty, according to the U.S. Department of Agriculture, Beyond Meat’s early success in grocery store meat sections shows a market exists for premium-priced burger products made with or without animal. Preferred valuation measures like the price to earnings ratio are not useful because Beyond Meat is losing money and is unlikely to record a profit for at least another year or so.
Analysts on average expect Beyond Meat’s revenue to surge 152% this year to $221 million, according to Refinitiv. Conservatively assuming no price increases, it would be on track to sell 153 million patties in 2019, making its current stock market value equivalent to $57 per 4-ounce patty sold in 2019.
New Beyond Burger gets even closer to the real thing via YouTube
I'll pass on this crap
Why does all vegan food contain the word “meat” in its name or description?
Beyond meat would be much better if that fake grilled taste were removed. After a while, it gets nauseating. Literally had me sick to my stomach and made my daughter vomit last time we had it, a couple of weeks ago. And I have several packages of it in my freezer.
Progressive elites dream of the day when only they and their families are allowed the meat proteins needed so desperately by the human brain. Why do their proles need to think?
Veggie burgers, yum mushrooms, have been around for years, why doesn’t someone just do another start up, such enormous potential for even small businesses.
Pura soon meat industry will banish
ask the vape industry guys.
These reporters should eat this piece of rubber crap before writing about it.
The Impossible Burger is far superior. No real comparison.
The “Beyond” burger is simply disgusting, there are several other much more viable products (e.g. morning star farms)
beware the baby bubble
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: Forbes - 🏆 394. / 53 Read more »