Stock price declined 40% from $149 on September 30, 2019, to $89 on October 30, 2019. Of this, ~22% drop in stock price was witnessed on one day (29th October 2019)
The stock has faced pressure recently, as with rising competition from Impossible Foods, Tyson Foods, Kellogg, and Nestle (with Nestle launching its Awesome Burger, and Kellogg now offering the Incogmeato brand of plant-based foods), analysts have lowered Beyond Meat's stock price estimates. Bernstein recently cut its target from $172 to $130, while Wells Fargo initiated coverage with a price target of $125 per share.However, primary reason for the drop is the expiry of lock-up period (founders, employees, and early private investors who buy into a company before it goes public are restricted from selling for between 90 and 180 days) on October 29, 2019. At the end of the lockup period, 80% of its outstanding shares would be available for trade. With the stock close to $150 (6x the IPO price of $25) at September-end, markets expected early investors to book profits as the stock price was being downgraded simultaneously.Price of $105 on 28th October (a day before expiry), which was still over 4x the offer price, led to a 22% drop in a single day to $82 on 29th October.However, with better than expected Q3 2019 results (first profitable quarter) being announced a day before the lockup expiry and increase in full year outlook, led to a pick up in the stock price on 30th October 2019.
Revenue to grow by 4.9x ($340 million) over two years, driven by roughly equal contribution of about $170 million from each of the (1) Retail Channel, and (2) Restaurant & Foodservice (R&F) divisions
Beyond Meat has added $71.8 million to its revenue over the last two years.Increasing sales from both its retail and restaurant and food service (R&F) outlet divisions, is likely to add a whopping $340 million in revenue over the next two years.
Total Revenue (A) = (a + b)
Retail Channel Revenue (a)
Restaurant & Foodservice Outlet Revenue (b)
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Once you've saved your forecast, you can "rename" your scenario by clicking on the gear icon next to the scenario (on the left panel). For more info, see this quick, 30-sec video (look at the 9 sec mark)
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