![]() Also, there are some concerns regarding the company’s profitability. If the cases continue to rise and some form of lockdowns are reimposed, it will lead to supply bottlenecks and reduced demand for these new products, thus affecting the company’s top line growth. Beyond Meat recently announced the launch of its new plant-based chicken tenders at restaurants in the U.S. The spread of the Delta variant has also led to fear and uncertainty regarding re-imposition of lockdowns. A major part of this decline has come in July 2021, mainly due to caution on the part of investors on the foodservice sector amidst resurgence in Covid-positive cases. Photographer: Gabby Jones/Bloomberg © 2020 Bloomberg Finance LPīeyond Meat stock (NASDAQ: BYND) has dropped almost 50% in the last six months and currently trades at $127 per share. has been able to shift to greater sales at retail outlets as the coronavirus pandemic affected restaurant sales, though the split between retail and foodservice may not rebalance until at least mid-2021. To read this article on click here.A package of Beyond Meat sausages arranged in the Brooklyn borough of New York, U.S., on Friday. Click to get this free reportīeyond Meat, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Don’t miss your chance to still be among the first to get in on these just-released stocks. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?įrom inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Just Released: Zacks Top 10 Stocks for 2023 Tyson currently has a Zacks Rank of #5 (Strong Sell). This represents a change of -80.9% from what the company reported a year ago. TSN has returned 2.8% over the past month.įor Tyson, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.37. ![]() One other stock in the same industry, Tyson Foods (TSN), finished the last trading session 1% higher at $52.18. ![]() You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >īeyond Meat is a member of the Zacks Food - Meat Products industry. The stock currently carries a Zacks Rank #2 (Buy). So, make sure to keep an eye on BYND going forward to see if this recent jump can turn into more strength down the road. And a positive trend in earnings estimate revision usually translates into price appreciation. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.įor Beyond Meat, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. Revenues are expected to be $111.28 million, down 24.3% from the year-ago quarter. This plant-based meat company is expected to post quarterly loss of $0.81 per share in its upcoming report, which represents a year-over-year change of +47.1%. ![]()
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