In this file:
· Beyond Meat introduces new, meatier plant-based burger
· Beyond Meat’s New Patty Is Even Faux-Beefier Than the One Before
· We Tried the New “Meatier” Beyond Meat Burger 2.0. Here’s What We Thought
· Beyond Meat: A Lot Of Hype
· Beyond Meat Went Beyond Logic, and Now It's Beyond Trading
· Beyond Meat is the future of food: former Whole Foods CEO
· Beyond Meat Gains as Tim Hortons Adds Sandwiches at 4,000 Shops
Beyond Meat introduces new, meatier plant-based burger
Frances Yue, USA TODAY
June 11, 2019
Beyond Meat is launching a new, meatier version of its flagship burger, taking another step to disrupt the $270-billion meat market in the U.S.
The plant-based meat company, which went public in May, said Tuesday that it has started shipping its latest burger to grocery stores nationwide.
The “even meatier” product
Like the company’s previous products, the new patty looks and tastes like a beef patty but contains no meat. The latest recipe comprises a mixture of peas, mung bean and riceproteins, which the company says contribute to a meatier texture and taste in the burger. Coconut oil contributes to a juicy texture and beets yield the red meat-like hue, according to the company.
"The new Beyond Burger is the next step in our journey toward building meat directly from plants that delivers a consumer experience indistinguishable from its animal protein equivalent,” said Ethan Brown, Beyond Meat Founder and CEO, in a statement.
In addition to store-bought burgers, Beyond Meat products can be found at restaurants such as Tim Horton’s and Del Taco.
Rivals become more aggressive
In the $40-billion global plant-based meat market, Beyond Meat’s rivals are picking up the pace.
In May, soon after Beyond Meat went public, Burger King expanded sales of its Whopper made with Impossible Foods patties from St. Louis to three other U.S. markets.
Stock price jumped ...
Beyond Meat’s New Patty Is Even Faux-Beefier Than the One Before
The new patty apparently marbles and turns from red to brown when cooked like real beef
by Greg Morabito, Eater
Jun 11, 2019
The fake meat wars are heating up: Just a few days after Impossible Foods got embroiled in a headline-making snafu, the company’s rival, Beyond Meat, announces a new type of fake meat patty that is purportedly even more like real ground-up animal flesh than its previous version. The Southern California-based company promises that this new fake meat has a marbling effect when cooked, thanks to the addition of cocoa butter and coconut oil. The inclusion of apple extract apparently makes the patty turn from red to brown once heat is applied. Now that the recipe includes mung beans and rice, the new Beyond Meat patty supposedly contains more protein than the old one.
The announcement about the tweaked patty comes just five weeks after Beyond Meat surprised everyone on Wall Street and in Silicon Valley when its stock doubled in value on the first day of public trading. According to CNN, the stock is now trading “at about seven times its IPO price of $25.” Beyond Meat products are being served at chains like Del Taco, Carl’s Jr., and TGI Friday’s, and the burger patties are also available at Whole Foods, Kroger, and Target — approximately 35,000 outlets, total. The new faux-beefier patties will start rolling out this week at select retailers, and should be available nationwide by the end of the month.
During an appearance on CNN this week, t-shirt-wearing Beyond Meat president and CEO Ethan Brown used an impressive amount of tech jargon to tout the health of his company. “First and foremost, our company is an innovation engine,” Brown said. “And that’s what I focus on the most — it’s that process of invention, innovation, and commercialization. We have ambitions to be this global protein company. And so to be producing in Europe, to be producing in Asia, those are things we’re going to be pursuing in the next several years.”
Despite the company’s recent success, Beyond Meat still faces stiff competition from...
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We Tried the New “Meatier” Beyond Meat Burger 2.0. Here’s What We Thought
Lauren Wicks, Cooking Light
via Yahoo Lifestyle - June 11, 2019
It’s safe to say we’ve achieved total vegan burger mania in this country, and Beyond Meat is here to keep the craze going. The company just introduced the Beyond Burger 2.0 in stores nationwide today, and we were lucky enough to get our hands on a few plant-based patties to try!
The Beyond Burger 2.0 is billed as "even meatier" than the original, with marbling and a juicier bite. This new burger isn’t all that different nutritionally. It's actually slightly lower in calories and higher in sat fat. But we’ll let you take a look for yourself.
Original Beyond Burger
Total Fat: 20g
Sat Fat: 5g
Iron: 30% DV
Calcium: 2% DV
Beyond Burger 2.0
Total Fat: 18g
Sat Fat: 6g
Iron: 25% DV
Calcium: 8% DV
Those on our staff who had tried the original Beyond Burger didn't have the best experience with it, so we were interested to see how the flavor of the latest version stacks up. We oiled up a cast-iron grill pan and cooked these babies on the stove. The cook time did take longer than expected, but as opposed to the last time, they seared right up, getting a good char on the outside and definitely looking very burger-y.
The burger also held up well during cooking, which isn’t true of a lot of veggie burgers—many of us have had the unfortunate experience of cooking a veggie burger that ends up falling through the cracks of a grill. Like many of the "bleeding" burgers still had a slightly spongy, veggie-protein chew. But the taste was definitely much more meaty than the previous iteration.
The overall consensus was that the Beyond Burger 2.0 would be pretty tasty served up with all the fixings of a normal burger. One staffer even thought it tasted too much like raw meat. All in all, the Beyond Burger 2.0 got pretty good reviews!
Now how does this new Beyond Burger stand up to a traditional beef burger? Compared to the USDA calculations for four-ounces of 80/20 ground beef, the Beyond Burger 2.0 is slightly lower in calories and fat, about equal in protein, and has only about 2/3 the sat fat. The Beyond Burger also has 2g fiber and lacks dietary cholesterol, so all in all, it is slightly healthier—though not nearly as much as a traditional veggie burger.
But that’s not really the point.
Both Beyond Meat and Impossible Foods aren’t working solely to create a healthier patty, but rather to create a healthier planet...
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Beyond Meat: A Lot Of Hype
About: Beyond Meat, Inc. (BYND)
Daniel Schönberger, Seeking Alpha
Jun. 11, 2019
· Hypes and asset bubbles happen again and again, and the latest example is the exploding stock price of Beyond Meat.
· When considering past hypes and bubbles like cannabis stocks or Bitcoin, we see many similarities, although we might not have reached the peak of inflated expectations just yet.
· Beyond Meat will not just face competition from Impossible Foods’ Impossible Burger or Nestle, but many other companies that will introduce similar products.
· Investors can only lose right now and even traders should be careful not to get burned by Beyond Meat.
In the recent past, we have seen several IPOs of some huge corporations. We saw IPOs that were very successful as well as IPOs that weren’t so successful like Lyft (Nasdaq: LYFT) or Uber (NYSE: UBER). But in the recent past it was especially one company that is trading on the stock exchange for about a month and really took off. We tend to use exaggerations quite often, but in this case, we have to use superlatives to describe the stock price development. In about one month, the stock gained 580% - a rise that even would have made Bitcoin (BTC-USD) jealous. Last Friday, the stock increased almost 40% in a single day and on Monday again 23% (at the time of writing). Of course, I'm talking about Beyond Meat (Nasdaq: BYND).
And there's good reason I'm mentioning Bitcoin here. In January 2018, I published my first and only article about Bitcoin where I tried to analyze the hype and bubble. Considering the development in the past few weeks, I think it's time to write a second article about an ongoing hype and analyze a similar situation once again.
Beyond Meat: The Company Beyond The Hype ...
The Current Hype ...
Difficult Predictions, Competition and Other Risks ...
Peak of Inflated Expectations? ...
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Beyond Meat Went Beyond Logic, and Now It's Beyond Trading
There's no way to play the stock of the meat alternative provider unless you are a kamikaze daredevil with a very deep pocketbook.
By Timothy Collins, TheStreet/Real Money
Jun 11, 2019
Logic has every place in trading, yet logic doesn't always work. Think of it as a secondary indicator. The issue comes in defining logic.
What's logical to me isn't necessarily logic to you... or worse, to an algorithm. Short-term drivers of the market often center around emotions, something often absent logic. Algorithms have no emotions, but they amplify traders' emotional reactions without adding any of their own. That means more players, more money, but no new logic to balance out emotions such as fear and greed.
Beyond Meat Inc. (BYND) is a great example on how illogical the market can become in the short term. The preferred term is irrational, but in the end, the results are the same. The money-losing plant-based meat "replacement" saw its market value top $7 billion this week. In its most recent quarter, Beyond Meat's net revenue was $40.2 million with a loss of $6.6 million. On the plus side, revenue did grow 215% and the company anticipates breakeven EDITBA along with full-year 2019 revenue of $210 million.
Now I know other packaged food companies aren't growing at 200%-plus revenue, but when the industry average of price-to-sales ratio for the category is around 1.6x and BYND is trading at a future price-to-sales ratio of 33.3, one must wonder where the logic sits.
There isn't any. That's the point. Even the analysts who likely should support the company with buy ratings need to back off at these levels.
JPMorgan was one of the first, downgrading the stock to Neutral here on Tuesday morning with a price target of $121 after a Monday close of $168.10. It is worth noting JPMorgan is bullish on the fundamentals, outlining the extraordinary revenue and profit potential of the company.
Beyond Meat, along with Impossible Burger, are the two big-name players in the space. If either of their brands truly catches on with the consumer, then I would expect one or both to be taken over at some point in the next few years, but I'm not sure anyone is willing to chase at these valuations. The goodwill would be crushing.
In terms of the stock action, we've seen this before. Take a look at Tilray Inc.'s (TLRY) squeeze last year and compare it with Beyond Meat's stock movement. Look familiar?
Beyond Meat's time frame to squeeze did come much quicker than Tilray, but I believe it has to do with the amplification factor...
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Beyond Meat is the future of food: former Whole Foods CEO
Brian Sozzi, Yahoo Finance
June 11, 2019
Beyond Meat (BYND) represents a peek into the future of food, says one veteran of the grocery store industry. Just don’t try to pin him down on whether Beyond Meat’s extraordinary valuation is justified... at least for right now.
“Fundamentally you have a business here that is real and that is in the early innings,” former long-time Whole Foods CEO Walter Robb said on Yahoo Finance’s The First Trade. “They [Beyond Meat] have sales orders for the next two or three years in the fast food industry and the grocery industry.”
Order certainty is always a positive for investors to see, especially for an upstart such as Beyond Meat.
Robb served as co-CEO of Whole Foods, with founder John Mackey, for 25 years until 2016. Robb currently advises many up-and-coming food companies as part of a new firm called Stonewall Robb.
Beyond Meat’s market cap broke through the $10 billion level on Monday. Shares surged more than 25% on the session as the company introduced a new faux ground beef product at one Whole Foods location.
“I got early numbers [on their new ground beef product] this morning from Seth and they look pretty good,” Robb told Yahoo Finance, presumably referring to Beyond Meat executive chairman Seth Goldman.
But Beyond Meat’s stock plunged 19% Tuesday morning as one of the company’s lead underwriters — JPMorgan — slashed its rating on the stock to Neutral.
“At some point, the extraordinary revenue and profit potential embedded in Beyond Meat… will be priced in — we think this day has arrived,” JPMorgan analyst Ken Goldman said...
more, including links, video interview [4:54 min.]
Beyond Meat Gains as Tim Hortons Adds Sandwiches at 4,000 Shops
Shares spike as much as 13% as demand continues to climb
But supply could be tight, with Freebirds reporting shortage
By Yueqi Yang, Bloomberg
June 12, 2019
Beyond Meat Inc. got a reprieve from two downgrades in as many days after Tim Hortons said it’s now offering faux-meat breakfast sandwiches at almost 4,000 locations across Canada.
The plant-based meat products maker gained as much as 13% after the coffee-and-doughnuts chain said it added three breakfast sandwiches to the menu made with Beyond Meat sausages after testing them at select stores last month.
The stock reversed earlier losses driven by Sanford C. Bernstein & Co.’s decision Wednesday to cut its rating on Beyond Meat to market perform from outperform, saying shares of the company have gotten too expensive after a more than 400% rally since its May 1 initial public offering. On Tuesday, JPMorgan Chase & Co.’s similar move spurred a 25% decline, Beyond Meat’s worst day since the debut.
Last week, the company reported quarterly earnings for the first time since the IPO, fueling optimism among investors when it said sales would exceed $210 million this year, topping analysts’ estimates. It also said earnings before interest, taxes, depreciation and amortization would break even, compared with projections it would have a loss. The results reinforce that consumer demand for alternative meat products is on the rise.
The question now is whether supply can rise fast enough to meet demand...
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