Why Beyond Meat could see a big boost in sales beyond the pandemic

MarketWatch2021-05-26

Beyond Meat stock soars 10% after analyst upgrade Diners heading back to restaurants will expand access to Beyond Meat beyond the grocery store. AFP VIA GETTY IMAGES Beyond Meat Inc. has been squeezed...

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精彩评论

JacAng
2021-05-26
JacAng
Green
PowerUP
2021-05-26
PowerUP
Slow and steady.
Hunter88
2021-05-26
Hunter88
Well done
Kachuaeric
2021-05-26
Kachuaeric
Latest
KryZ
2021-05-26
KryZ
Good for a swing trade?
Rookie22
2021-05-26
Rookie22
It's still much more expensive then real meal.

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AFP VIA GETTY IMAGES\nBeyond Meat Inc. has been squeezed...</p>\n\n<a href=\"https://www.marketwatch.com/story/restaurant-resurgence-will-put-beyond-meat-back-on-track-analyst-says-11621887221?mod=home-page\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BYND","symbol_name":"Beyond Meat, Inc.","start_time":0,"source_url":"https://www.marketwatch.com/story/restaurant-resurgence-will-put-beyond-meat-back-on-track-analyst-says-11621887221?mod=home-page","article_id":"2138199591","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2138199591","pubTimestamp":1622022666,"columns":[],"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"Beyond Meat stock soars 10% after analyst upgrade\nDiners heading back to restaurants will expand acc","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BYND":"Beyond Meat, Inc."},"translate_title":"为什么Beyond Meat的销售在大流行之后会有很大的增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYND":0.9},"content_text":"Beyond Meat stock soars 10% after analyst upgrade\nDiners heading back to restaurants will expand access to Beyond Meat beyond the grocery store. AFP VIA GETTY IMAGES\nBeyond Meat Inc. has been squeezed by the COVID-19 pandemic, but with the vaccine rollout driving the return to restaurants, Bernstein analysts are upbeat about the plant-based meat company's prospects.\nBernstein upgraded Beyond Meat $(BYND)$ to outperform from underperform in a note published Monday, calling the company \"a reopening play that stands toregain meaningful momentum over the coming quarters.\"\nBernstein has a $130 price target on Beyond Meat.\nShares of the plant-based meat company soared 10% in Monday trading after the upgrade.\nOne consequence of increased dining at home has been a rise in competition at the grocery store. Impossible Foods, which has been expanding in the retail channel as well as in restaurants, has benefited.\nThere are reports that Impossible Foods is preparing for a $10 billion IPO .\nBeyond Meat has partnerships with McDonald's Corp. $(MCD)$, as well as a number of other big chains , along with its own expanding retail availability.\n\"The drop off in foodservice sales had a very direct impact on the business domestically and internationally, and this in turn led to a marked acceleration in Impossible Foods' efforts to expand in retail channels,\" wrote Bernstein analysts led by Alexia Howard.\n\"We expect foodservice channels to rebound as consumer mobility improves post the pandemic and this should also lead to decreased competition in the U.S. retail channel.\"\nMoreover, Bernstein highlights the international expansion that will come with a new Dutch facility and the aforementioned McDonald's deal.\nIn addition to the growing access, Beyond Meat, and the plant-based alternatives 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foodservice channels open up, it certainly doesn't seem as though momentum for plant-based meats has evaporated during the pandemic,\" analysts said.\nBeyond Meat stock has fallen 4.3% for the year to date while the benchmark S&P 500 index is up 11.5% for the 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