Beyond Meat Inc. ($BYND) Stock Forecast: Up 5.2% Today

What is Beyond Meat Inc.?

A plant-based meat company named Beyond Meat (BYND) provides various alternative protein products. The company has been a frontrunner in the plant-based food sector and has garnered considerable interest from customers looking for sustainable and ethical food choices.

Why is Beyond Meat Inc. going up?

BYND stock is up 5.2% on Jun 27, 2024 18:06

• Beyond Meat (BYND) saw a notable bullish movement today, possibly influenced by various factors:
• Confirmation from McDonald's about the underperformance of its plant-based meat offerings, underscoring the opportunity for Beyond Meat to attract customers seeking alternative protein sources.
• Unveiling of the fourth generation Beyond Sausage as part of Beyond Meat's product expansion strategy, potentially fuelling investor confidence in the company's growth prospects.
• Increasing shift towards sustainable and eco-friendly food habits, evidenced by the rising popularity of plant-based diets, likely bolstering investor belief in Beyond Meat's future growth potential.
• Despite apprehensions regarding Beyond Meat's financial metrics and sales growth, the stock's short-term trading possibilities may have enticed investors seeking to leverage market fluctuations.

BYND Price Chart

BYND News

McDonald's Customers Prefer Chicken Over Plant-Based Options: Report - McDonald's ( NYSE:MCD )

McDonald's Corp. MCD confirmed that its previous attempts to introduce plant-based meat in the U.S. were unsuccessful. The burger chain's customers do not frequent its restaurants for salads or plant-based options, according to Joe Erlinger, McDonald's U.S. chief, who spoke at the Wall Street ...

https://www.benzinga.com/news/24/06/39524167/mcdonalds-customers-prefer-chicken-over-plant-based-options-report

McDonald''s Admits Customers Reject Fake Meat Burgers

McDonald''s Admits Customers Reject Fake Meat Burgers Americans are rejecting a plant-based future full of disgusting and possibly even toxic fake burgers and sausages. Folks simply want organic grass-fed beef (like how some small farmers and the Amish do) and are quickly realizing to stay as far away as possible from factory-farmed-vaccinated cows. The latest sign that the tide is shifting against billionaires like Bill Gates, who advocate for a reset of the food supply chain by ushering in ''sustainable'' insect burgers and plant-based meat and also push to ban cow farts, comes from McDonald''s US President Joe Erlinger. At the WSJ Global Food Forum in Chicago on Wednesday, Erlinger admitted the fast-food chain''s plant-based burger tests across San Francisco and Dallas markets ended in a major failure. At the Four Seasons Hotel Chicago, he said McDonald''s customers aren''t looking for "McPlant or other plant-based proteins from McDonald''s." Beyond Meat, which partnered with McDonald''s to sell fake patties, saw its shares drop as much as 5% after the comments hit Bloomberg Terminal.

https://www.zerohedge.com/markets/mcdonalds-admits-customers-reject-fake-meat-burgers

Trade of the Day: Beyond Meat (BYND) Stock Is Cooking a Contrarian Trade

Plant-based meat maker Beyond Meat (NASDAQ:BYND) is not an enticing long-term investment for conservative market participants. The company has consistently lost money. In addition, after posting revenue of $464.7 million in 2021, it has seen sales growth erosion. That’s not what you want to see for an industry that’s expected to blossom. Still, BYND stock could be a quick scalping opportunity for the contrarian trader. Fundamentally, Beyond Meat should perform better than it has. Since the start of the year, BYND stock has dropped almost 19%. In the past 52 weeks, it slipped more than 44%. Those aren’t encouraging stats, not when Grand View Research is projecting that the global plant-based meat market could be worth $24.8 billion by 2030. In 2022, experts reported that the sector reached a valuation of $4.4 billion. So, a move to $24.8 billion would imply a compound annual growth rate (CAGR) of 24.9%. But as I mentioned, Beyond Meat has seen its sales growth decline over the last two years. To reiterate, BYND stock does not make for a comfortable long-term investment. It could, however, make for an enticing short-term trade.

https://investorplace.com/2024/06/trade-of-the-day-beyond-meat-bynd-stock-is-cooking-a-contrarian-trade/

What's Going On With Beyond Meat's Stock? - Beyond Meat ( NASDAQ:BYND )

Beyond Meat, Inc. BYND shares are trading higher Monday on above-average trading volume. Here's a look at what's going on. Last Thursday, Beyond Meat announced the expansion of its Beyond IV product line with the roll out of its fourth generation Beyond Sausage at grocery stores nationwide.

https://www.benzinga.com/news/24/06/39464057/whats-going-on-with-beyond-meats-stock

The Top 3 Food Technology Stocks to Buy to Feast on Profits

Food tech is becoming increasingly relevant in the global shift towards more sustainable practices and diets. To fight climate change and its adverse effects on our planet, consumers strongly prefer plant-based and vegan diets and brands that use sustainable sources.  There is no better time to invest in food tech stocks. Thanks to the attention of the mainstream consumer, the market as a whole is showing more potential than ever before. These three stocks, which specialize in using food tech to support the call for eco-friendly practices and products, are riding that wave of change and benefitting most from the green transition. Let’s learn all about what technology these stocks have to bring to the table, where their efforts towards sustainable food have gotten them so far, and where it will take them from here.

https://investorplace.com/2024/06/the-top-3-food-technology-stocks-to-buy-to-feast-on-profits/

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Beyond Meat Inc. Price History

27.05.2024 - BYND Stock was up 5.1%

• Beyond Meat's stock showed significant bullish movement recently, potentially influenced by the expansion of its Beyond Sausage product line in grocery stores nationwide.
• The company's emphasis on nutrition in the updated sausage product could have stimulated investor enthusiasm and optimism in the stock.
• Although concerns persist about Beyond Meat's financial performance and sales growth decline, the short-term trading potential of the stock may have attracted contrarian traders seeking quick profits.
• The general positive sentiment towards food tech and sustainable practices in the market likely played a role in boosting Beyond Meat's stock performance.

26.05.2024 - BYND Stock was up 6.0%

• Beyond Meat (BYND) stock has experienced a downward trajectory, declining almost 19% year-to-date and over 44% in the last 52 weeks, reflecting concerns regarding its financial performance among investors.
• The company's diminishing sales growth and consistent losses have sparked uncertainties about its sustainability, despite the increasing popularity of plant-based diets and sustainable food practices.
• Despite launching new products such as the Beyond Sausage with a focus on improved nutrition and expanding product varieties in grocery stores nationwide, the overall pessimism towards the stock persists.
• The lack of a substantial boost from a recent market rally involving meme stocks and the absence of potential short squeeze activity add to the negative outlook for Beyond Meat (BYND) in the current market conditions.

24.05.2024 - BYND Stock was up 5.2%

• Beyond Meat (BYND) experienced a bullish movement today, possibly influenced by the launch of a new Beyond Sausage in major grocery stores like Kroger and Whole Foods Market.
• The company's efforts to improve the flavor, texture, and nutrition of its products through ingredients like avocado oil and reduced saturated fat content may have attracted both investors and consumers.
• The positive market sentiment towards meme stocks, such as BYND, could have also played a role in the bullish movement, with investors seeking growth opportunities in innovative companies despite general skepticism towards meme stocks.
• Amid recommendations to sell certain stocks due to business challenges, Beyond Meat's strategic product enhancements and market expansion could have boosted investor confidence, leading to today's positive market performance.

20.05.2024 - BYND Stock was up 5.1%

• Beyond Meat experienced a strong bullish movement today.
• The introduction of the new Beyond Sausage with enhanced flavor, meaty texture, and improved nutrition, including lower saturated fat and higher protein content, likely contributed to the positive market sentiment.
• The focus on health and nutrition in the updated product aligns well with current consumer trends towards healthier eating choices, potentially driving increased demand for Beyond Meat products.
• As investors seek stable and promising investments amidst a bullish market sentiment, Beyond Meat's innovative product offerings and alignment with health-conscious consumer preferences position the company favorably for continued growth.

20.05.2024 - BYND Stock was up 5.7%

• The bullish trend in Beyond Meat's stock price today is linked to the release of Beyond Sausage in major grocery stores such as Kroger and Whole Foods Market. This new product is drawing attention due to its improved flavor, meat-like texture, and enhanced nutritional value.
• Analysts point to the potential for a short squeeze, where short sellers are pressured to buy back shares at higher prices, adding to the upward movement of BYND stock.
• The overall positive market sentiment, focusing on sustained growth and lucrative investments, is contributing to Beyond Meat's rising stock value. Investors are increasingly looking towards stable and promising opportunities like Beyond Meat in the current market climate.

06.05.2024 - BYND Stock was up 5.1%

• The bearish movement in BYND stock today can be attributed to recent comments labeling the stock as "way too risky," which may have spooked investors and led to a sell-off.
• The broader market sentiment towards risky stocks could have also contributed to the downward pressure on BYND shares.
• The mention of BYND moving in sympathy with GameStop Corp (GME) due to a social media post might have added to the speculative nature of the stock, further fueling the bearish trend.
• Overall, the combination of concerns about risk, market sentiment towards speculative stocks, and potential association with meme stock movements likely played a role in the significant bearish movement of Beyond Meat Inc (BYND) today.

24.04.2024 - BYND Stock was up 5.1%

• Today's significant increase in Beyond Meat (BYND) can be linked to various factors:
• Despite recent challenges and a pessimistic forecast, some investors view the current price as a potential opportunity, leading to increased purchasing.
• With the settling of market excitement around meme stocks like GME and AMC, traders are exploring alternative options, including BYND.
• Speculation surrounding stocks potentially facing short squeezes and the allure of quick profits in a volatile market environment may have drawn traders to BYND.
• The rise in the stock price could be attributed to investors focusing more on the long-term prospects of the company rather than short-term stock price fluctuations.

15.04.2024 - BYND Stock was up 19.6%

• BYND stock is encountering a bearish trend today, contrasting with the overall rise in meme stocks.
• The substantial short interest in BYND, with 40.97% of the company's float being shorted, is instilling hopes among investors for a short squeeze.
• The resurgence of interest in meme stocks due to Roaring Kitty's return to social media may potentially trigger a surge in shorted stocks like BYND.
• Investors are speculating that the current market movement reflects their expectations for a repeat of the 2021 meme stock surge, during which retail traders targeted heavily shorted companies.

14.04.2024 - BYND Stock was up 17.8%

• BYND stock saw significant bullish movement during the trading session.
• There is a considerable short interest in BYND, with 40.97% of the company's float being shorted, leading some investors to anticipate a short squeeze.
• Recent trends in boosting shorted stocks and the re-emergence of Roaring Kitty have generated speculation that BYND might attract meme traders' attention.
• Institutional investors have taken bullish positions in BYND through options trades, hinting at potential market insights and a varied sentiment regarding the stock.

14.04.2024 - BYND Stock was up 22.8%

• The bullish movement in Beyond Meat's stock today can be attributed to:
• Large-scale investors taking a bullish position in the company, as indicated by a notable increase in options transactions.
• Despite market challenges and a lowered price target, the sentiment among major traders remains predominantly bullish, with a focus on a specific price band.
• CEO Ethan Brown's positive outlook on the company's future, despite a recent earnings miss, could have instilled confidence in investors.
• The rise in interest in vegan stocks and the growing trend of sustainability and health-conscious consumer choices may have also contributed to the positive market sentiment towards Beyond Meat.
• While concerns about bankruptcy risk in other companies may have cast a shadow on the market, Beyond Meat's unique position in the plant-based food sector and its potential for growth seem to have driven the bullish movement in its stock today.

13.04.2024 - BYND Stock was up 6.8%

• The bullish movement in Beyond Meat's stock today can be attributed to the significant bullish position taken by investors with substantial funds, as indicated by options data analysis.
• Despite a decrease in Beyond Meat's shares target amid market challenges, the sentiment among large-scale traders remains predominantly bullish, with a focus on a specific price band for BYND.
• CEO Ethan Brown's positive outlook on Beyond Meat's future, despite a Q1 earnings miss, likely contributed to the stock's bullish movement today.
• The growing trend of sustainability and veganism among young consumers could also be driving investor interest in Beyond Meat and similar companies, aligning with the company's mission and products.

10.04.2024 - BYND Stock was up 6.3%

• A recent revision of Beyond Meat shares target might have initially caused some uncertainty, but investors appear to be focusing on the long-term potential of the vegan industry.
• The positive outlook from CEO Ethan Brown and discussions on new products may have boosted investor confidence, resulting in increased buying activity.
• The overall optimistic market sentiment, combined with U.S. stocks trading higher and real estate shares on the rise, likely supported BYND's upward trend.
• Growing popularity of veganism among young consumers is driving interest in Beyond Meat, contributing to its bullish performance.