Heard on the Street: Beyond Meat's shares look expensive, but investors shouldn’t brush aside the appeal of its products
Beyond Meat founder and Chief Executive Ethan Brown, second from right, looks at a monitor during the company's IPO at the Nasdaq in New York, on Thursday. Photo: Michael Nagle/Bloomberg News By Aaron Back May 6, 2019 7:03 a.m. ET Beyond Meat ’s BYND 1.58% shares may have soared beyond reason, but the blockbuster initial public offering still holds valuable lessons for the food industry.
That is a juicy 44 times 2018 sales—a multiple that could prove hard to justify over the long run, especially since Beyond Meat already faces competition from rivals like Impossible Foods, maker of the Impossible Burger.
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.
Burger King and Beyond Meat say plant-based burgers aren't eating into meat salesThe meat-substitute maker's customers keep buying animal protein, while the fast-food chain's Impossible Whopper hasn't eaten into Whopper sales.
Read more »
Beyond Meat CEO: We're focused on the meat industry, not other vegetarian optionsOn Thursday, Beyond Meat made its public market debut on the Nasdaq, trading under the symbol 'BYND.'
Read more »
Beyond Meat goes public with a bang: 5 things to know about the plant-based meat makerBeyond Meat, the company created by vegan Ethan Brown in 2009, has gone public to raise the money it needs to grow its line of plant-based meats.
Read more »
Beyond Meat wants to make traditional protein from animals ‘obsolete’Beyond Meat thinks it can make traditional animal-based meat a thing of the past.
Read more »
Beyond Meat CEO wants to make traditional protein from animals ‘obsolete’Beyond Meat thinks it can make traditional animal-based meat a thing of the past.
Read more »
Vegan burger maker Beyond Meat raises price range in upsized IPOPlant-based meat maker Beyond Meat Inc on Tuesday increased the expected price r...
Read more »
Beyond Meat prices IPO at $25 a share, valued at almost $1.5 billionBeyond Meat Inc. priced its initial public offering at $25 a share Wednesday evening, the high end of a range that had been increased. The plant-based meat...
Read more »
Beyond Meat raises the price range for its IPOPlant-based meat substitutes have been gaining popularity as more attention is focused on the environmental hazards of industrial ranching.
Read more »
Beyond Meat prices IPO at $25 per share: SourceThat's above the company's original expected range between $19 and $21 per share. The high end of the previous range would have valued the company as high as $1.21 billion.
Read more »
Cramer: Beyond Meat will IPO for $25 a share — buy it below $35 after its debut'At the midpoint of its current price range, Beyond Meat's going to be very expensive — it's already trading at 17-times last year's sales,' Jim Cramer says.
Read more »
Fed dashes rate-cut hopes | Musk buys Tesla stock | Beyond Meat prices IPOFutures point to a mixed open following a Wednesday decline that saw the S&P 500 close lower after hitting an all-time intraday high.
Read more »