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May 14, 2019

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.

Related Ticker: BYND

BYND's RSI Oscillator climbs out of oversold territory

The RSI Indicator for BYND moved out of oversold territory on June 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 51 similar instances when the indicator left oversold territory. In of the 51 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for BYND just turned positive on July 01, 2024. Looking at past instances where BYND's MACD turned positive, the stock continued to rise in of 37 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 271 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 41 cases where BYND's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on July 15, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BYND as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

BYND moved below its 50-day moving average on June 10, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for BYND crossed bearishly below the 50-day moving average on June 18, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 11 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 .

BYND broke above its upper Bollinger Band on July 05, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for BYND entered a downward trend on June 20, 2024. 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)

Fear & Greed

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 71%.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 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 very high in comparison to the industry average of (6.403). P/E Ratio (0.000) is within average values for comparable stocks, (27.068). BYND's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.471). Dividend Yield (0.000) settles around the average of (0.043) among similar stocks. P/S Ratio (1.455) is also within normal values, averaging (65.211).

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 80, placing this stock worse than average.

Notable companies

The most notable companies in this group are Mondelez International (NASDAQ:MDLZ), Kraft Heinz Company (The) (NASDAQ:KHC), General Mills (NYSE:GIS), Campbell Soup Company (NYSE:CPB), Beyond Meat (NASDAQ:BYND).

Industry description

A specialty/candy manufacturer specializes in one or more of the following: chocolate, candies, pasta, condiments, seasonings, among other items. Hershey Company, McCormick & Company and J.M. Smucker Company are some of the major firms in this segment. Demand for this industry’s products comes from both institutions/restaurants as well as households.

Market Cap

The average market capitalization across the Food: Specialty/Candy Industry is 8.85B. The market cap for tickers in the group ranges from 6.25K to 327.81B. NSRGY holds the highest valuation in this group at 327.81B. The lowest valued company is OGGFF at 6.25K.

High and low price notable news

The average weekly price growth across all stocks in the Food: Specialty/Candy Industry was 3%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 19%. SRKE experienced the highest price growth at 342%, while CELV experienced the biggest fall at -35%.

Volume

The average weekly volume growth across all stocks in the Food: Specialty/Candy Industry was 14%. For the same stocks of the Industry, the average monthly volume growth was 9% and the average quarterly volume growth was 5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 62
Price Growth Rating: 53
SMR Rating: 76
Profit Risk Rating: 80
Seasonality Score: 11 (-100 ... +100)
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published General Information

General Information

a company, which offers plant-based meat products

Industry FoodSpecialtyCandy

Profile
Fundamentals
Details
Industry
Food Meat Or Fish Or Dairy
Address
119 Standard Street
Phone
+1 866 756-4112
Employees
787
Web
https://www.beyondmeat.com
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