Chick-fill-A to join the cohort of start-ups producing plant-based meat substitutes
Even though Chick-fil-A’s menu and motto has been centered on chicken for nearly 25 years now, the Atlanta-based company is contemplating adding vegan foods to its existing limited menu, especially the plant-based meat substitutes. Currently, the company’s menu does not have any vegan entrée items.
If this addition goes through, then the company will join the cohort of other plant-based meat substitute start-ups like Impossible Foods and Beyond Meat (BYND), whose footsteps McDonalds (MCD), Taco Bell (TACO) and Chipotle Mexican Grill (CMG) have already been following.
McDonalds already sells veggie burgers outside the U.S. markets, but it is yet to bring them stateside.
U.S. as a nation is becoming increasingly health conscious and more people are opting for ‘flexitarian’ diets, if not outright vegetarian diets. This emerging market is well-captured by Impossible Foods and Beyond Meat whose plant-based meat substitutes closely mimic taste and texture of actual meat, and have gained much popularity among consumers. Analysts expect that the ‘flexitarian’ market value could rise from $1.44 billion in 2018 to $2.5 billion by 2023.
Following its IPO, shares of Beyond Meat have surged 174%, and Impossible Foods announced on Monday that it has raised another $300 million via private funding.
BYND sees its Stochastic Oscillator recovers from oversold territory
On June 05, 2023, the Stochastic Oscillator for BYND moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 50 instances where the indicator left the oversold zone. In of the 50 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where BYND's RSI Oscillator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 05, 2023. You may want to consider a long position or call options on BYND as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BYND just turned positive on May 23, 2023. Looking at past instances where BYND's MACD turned positive, the stock continued to rise in of 32 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BYND advanced for three days, in of 220 cases, the price rose further within the following month. The odds of a continued upward trend are .
BYND may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BYND declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BYND entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BYND's P/B Ratio (59.524) is slightly higher than the industry average of (10.081). P/E Ratio (0.000) is within average values for comparable stocks, (34.910). BYND's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.670). Dividend Yield (0.000) settles around the average of (0.056) among similar stocks. P/S Ratio (1.727) is also within normal values, averaging (29.416).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BYND’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BYND’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 79, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company, which offers plant-based meat products
Industry FoodSpecialtyCandy
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| SENAX | 41.63 | N/A | N/A |
| Allspring Discovery Mid Cap Growth A | |||
| LMPLX | 46.71 | -0.03 | -0.06% |
| ClearBridge Large Cap Growth R | |||
| USRTX | 26.17 | -0.07 | -0.27% |
| Horizon U.S. Defensive Equity Advisor | |||
| PVFYX | 19.88 | -0.07 | -0.35% |
| Pioneer Core Equity Y | |||
| AILIX | 10.00 | -0.05 | -0.50% |
| Cavanal Hill Hedged Income Institutional | |||
BYND and
Correlation & Price change
A.I.dvisor indicates that over the last year, BYND has been loosely correlated with HAIN. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if BYND jumps, then HAIN could also see price increases.
| Ticker / NAME | Correlation To BYND | 1D Price Change % | ||
|---|---|---|---|---|
| BYND | 100% | +2.35% | ||
| HAIN - BYND | 46% Loosely correlated | -1.73% | ||
| TTCF - BYND | 39% Loosely correlated | -2.17% | ||
| FRPT - BYND | 38% Loosely correlated | +0.37% | ||
| UTZ - BYND | 37% Loosely correlated | -3.20% | ||
| CENTA - BYND | 37% Loosely correlated | -2.36% | ||
More | ||||
