Beyond Meat shares soar anew to bring post-IPO gain to 240%

[brooklynite]

Source: CBS Market Watch

Shares of plant-based-meat manufacturer Beyond Meat Inc. soared another 13% Tuesday, bringing the stock’s post-IPO gain to a stunning 240%, after Bernstein initiated coverage with a bullish outperform rating.

The company BYND, +5.86% , founded by vegan Ethan Brown in 2009, raised nearly a quarter of a billion dollars last week to grow its line of plant-based meats, with shares rocketing in their public debut. Excitement about the deal grew steadily after it first announced plans to go public late last year and hit new heights during its recent road show with investors, leading it to increase the size of the deal and raise its price range a day ahead of pricing.

“Beyond Meat served its own burgers at the road show, and then they ended up raising the price range,” said Kathleen Smith, principal at Renaissance Capital, a provider of institutional research and IPO exchange-traded funds. “The deal has been incredible. One reason is that it’s the only pure-play company doing this and because there’s an expectation they may sign up some big restaurants as clients.”

Speculation has been fueled by the presence of Don Thompson, chief executive and founder of venture firm Cleveland Avenue, on the Beyond Meat board, said Smith. Thompson is a former chief executive of fast-food giant McDonald’s Corp. MCD, +0.01% , which he helmed from 2012 until his resignation in 2015.

Read more: https://www.marketwatch.com/story/beyond-meat-shares-soar-anew-to-bring-post-ipo-gains-to-240-2019-05-07

[mucifer]

1. Yay for the cows!!!

[customerserviceguy]

2. Any of you true carnivores

out there try this yet?

[Codeine]

11. My wife tried the Beyond Taco

at Taco Bell and says she’ll be ordering it over the regular offering going forth. I’ve been a vegan forever, so I’m naturally loving it.

[Sapient Donkey]

15. Taco Bell, or do you mean Del Taco?

Del Taco is the only thing I see coming up with a "beyond taco" Not sure if I have any Del Tacos around me, but I want to try something made out of these fancy new things everyone is talking about. Beyond Meat and Impossible Burger seem to be well received.

[Codeine]

22. I meant Del Taco.

I’m not the brightest bulb.

[chowder66]

16. I'm a true carnivore originally from Kansas City, Mo.

It took a hot second to get used to the product but then after I had a second burger, I've been a fan.

I add a little salt and freshly cracked pepper, a few shakes of worcestershire sauce and fry them in a hot skillet with some olive oil. I build my burger from there.
The edges crisp up when you flatten it out which I like a lot. It doesn't taste the same as a good beef burger but as a meat substitute it's the best I've had. I find it satisfying and tasty.

On edit: It doesn't taste like a beef patty but I think it tricks you into accepting it as a replacement.

[WhiskeyGrinder]

19. I love my red meat and I think Beyond Meat is surprisingly good.

[forgotmylogin]

23. I'm totally up to try it.

I just saw these (I think they were Impossible Burger branded?) carried in my local Target grocery (St. Louis Metro area). I didn't pick any up because I already had a full cart.

I can't say I'd ever give up meat completely in the near future since I'm on the keto diet, but I would be happy to reduce beef consumption with meatless-burgers as long as it's not enormously expensive. That said, ground beef is really high now and I can get marked down steak pretty easily. I can't see why I wouldn't like them - I enjoy Morningstar Farms products, but those have carbs and can also be pricey.

[JudyM]

28. Impossible burger is actually a competitor.

[forgotmylogin]

36. Whoops, and not the same thing at all.

I now remember "Impossible Burger" is not the same thing at all. IB is a vegan substitute manufactured with heme, which is a protein in the blood which can also be harvested from certain plants (beans?) to give the "iron" flavor and reddish color that usually comes from muscle and blood and provides a convincing meat flavor and "bleed" to the product.

Beyond Meat is actual meat cells cultured and harvested in a lab. Totally different product and process. My bad.

[Codeine]

45. No, Beyond Meat is also plant based.

Beyond and Impossible are just competing veggie burger brands.

[yellowwoodII]

3. Save the Cows

Save yourself. Save the Earth.

[BigmanPigman]

4. I wonder if this is the same stuff that Bill Maher and Moby

were talking about last week. They said the new fake meat is really good and not at all like the old veggie burgers. Moby is pro animal and a serious vegetarian and asked fellow guest Gov Inslee about farming animals as far as his Climate Change plan goes.

[mucifer]

6. Yeah. I actually hate the taste because I haven't eaten meat since 1982 and this stuff

tastes way to real and grosses me out. My mother and my brother both omnivores really like it. It is the stuff they talked about on Bill Maher.

[BigmanPigman]

7. Thanks for the input.

I will have to ask my friend if she has tried it and what her opinion is. I expect it to be similar to yours since she hasn't eaten meat in over 20 years. Do you know how much it costs? Is it more or less than meat and the "old" veggie/meat substitutes?

[in2herbs]

9. The price at Fry's in AZ is $5.99 for 2 burgers. It's been 40+ years since I've eaten beef and I

have tried and do eat the Morning Star, Boca and other vege burgers. Beyond Meat tastes the best and satisfies like a burger. The only thing I would caution is to make sure it's cooked to the recommended temperature -- and a little more. It tastes better this way than when undercooked. I have only pan cooked but there are directions for BBQ. Enjoy!

[forgotmylogin]

24. Isn't one advantage of Beyond Meat style burgers that you can safely eat them rare?

Since they're made under sterile lab conditions, there's no chance of salmonella or other unsafe bacteria, and for those who like burgers undercooked, it carries the same flavor due to the heme?

[in2herbs]

33. I would not eat them rare. The down side to me with these burgers is that they stink when cooking,

but I get past that to the taste.

[Codeine]

34. The smell is really off-putting.

They really do taste great, but I’ve had some in the freezer for over a month because I’m just not interested in smelling them. Weird.

[Totally Tunsie]

50. $12/lb, higher in fat and calories, and lower in protein than beef!

https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio?page=3

"Beyond Meat: Unhealthy For The Heart And The Portfolio"

[BigmanPigman]

55. That was interesting...

I read packaging and that had some surprises for the consumer.

[Totally Tunsie]

56. Their website is mysteriously silent about what their product contains.

They describe is only as "plant-based meat". It took a lot of Googling and reading to find out it is actually "pea protein". I wonder why they're so diligent about hiding this info.

https://www.beyondmeat.com/products/

[BigmanPigman]

57. Pea protein...how is that bad?

If peas taste like a burger than they should be thrilled. Vegans would love to read that. It is like cauliflower pizza. Are they afraid of what it sounds like "pee"?

[Totally Tunsie]

58. It's actually not bad, which makes me wonder why they won't specify

its use as the prime component. Their website has virtually zero information about their products.

From the Seeking Alpha article:

Pea protein, such as that used in Beyond Meat, is a reasonably good substitute as a mostly complete protein. The problem here is the macronutrient ratios.
•Eating real beef, one gets 30.7 grams of protein per 12.5 grams of fat; a decent ratio.
•Eating Beyond Meat, one gets 20 grams of protein per 19 grams of fat; a poor ratio.

Essentially real beef is lower-calorie, higher-protein and lower fat. In my opinion, real beef is the healthier option and that is sad because real beef is not a particularly healthy food

https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio?page=3

[BigmanPigman]

59. Seems to me they have a few more tweaks to

do to improve their product.

[Sapient Donkey]

17. I was wondering about that. Everyone has been saying it taste just like meat

I've never been a vegan or a real vegetarian, but there was a time in which I cut back massively on meat products for no apparent reason. I found that during that time lost a lot of my appetite for meat, and something it would kinda gross me out when I did eat meat. I still cannot eat sausages because it makes me gag for reasons I don't understand.

[athena]

37. I've been vegan for over six years.

The smell of meat grosses me out. I have a vaguely sociopathic acquaintance who keeps eating meat in front of me, thinking it will bother me (i.e., she seems to think I will feel bad that I can’t eat it). She has no idea how disgusting the smell is for someone who’s not addicted to it any more. I only feel sorry for her and her husband that they’re putting carcinogens and heart- and brain-clogging cholesterol in their bodies.

Humans eating the flesh of animals is a weird phenomenon. A century from now, people will look back and be appalled by how barbaric we were — the way we look back on the ancient Romans and their tradition of feeding prisoners to wild animals in public.

[DeminPennswoods]

44. Am the same way with any milk other than skim

They and ice cream are just too rich for me after years of drinking skim milk.

[JudyM]

26. I had one a couple of weeks ago in a diner... haven't eaten meat for about 30 years and it was a bit

gross on an emotional level like you felt. That mixed emotion situation isn’t drawing me back for another soon, but I didn’t hate it.
I shared bites with a friend of mine from India who has never eaten meat, and she really liked it!

[athena]

39. I remember reading or hearing that it's not very healthy.

Of course, it’s not nearly as unhealthy as eating animal flesh, but if you’re already vegan, it might not be a good idea to develop a taste for the stuff. Personally, I’m staying away from it. The occasional Gardein meatless burger is good enough for me.

[JudyM]

46. Yeah, these are being marketed specifically to meat eaters. So, like you said, better than animal

flesh.
I love Garden Burgers, they’re relatively healthy. Occasionally like a few of the less healthy ones, though, like Gardein chik’n scallopini or boca burgers.

[lagomorph777]

5. Good news; I hope this becomes a trend.

Yeah, yeah, highly processed, blah blah blah. But since going vegan my health has dramatically improved and I've lost 40lbs. It would be nice to enjoy a little fake meat once in a while without causing undue harm to our fellow species on this planet.

[John Fante]

8. Sounds great, but the real future is in cultured meat.

[WhiskeyGrinder]

20. I cannot wait to try lab meat.

[athena]

38. Not really.

Cultured meat will be just as bad for health as factory-farm-produced meat. Plant-based food is the future; the only reason people can’t see that is that the meat and dairy industries have confused and brainwashed everyone with their propaganda. If you’re interested in what the research says about the effects of animal products on human health, check out http://nutritionfacts.org.

[John Fante]

40. The modern human brain was literally shaped by animal proteins

but it's bad for you? We as a species wouldn't be here today if we had stuck with a vegan diet.

I get ditching factory meat for ethical reasons, but to say that meat is bad for your health is simply not true.

A plant-based diet is an incomplete one (b-12 deficiencies are common, incomplete proteins). Therefore, it isn't optimal. Balance is the key.

[Thyla]

41. It's not bad for you at all, in moderation

and linking to nutritionfacts.org is laughable. I assume the poster is also an anti vaxxer and climate denialist as that is the company Michael Greger who owns the site runs with.

I don't mind personal choice but be honest with it, peddling woo is where I draw the line.

[athena]

47. Look at the research.

Everything you’ve posted is false. Until after the second world war, most humans never ate more than tiny amounts of meat, or only ate meat occasionally. Vitamin B12 is found in dirt; most meat eaters are also deficient, and it’s easy to supplement. Animal protein is much harder for the kidneys to deal with than plant protein. The idea that humans need “complete proteins” was debunked decades ago; your body is used to combining proteins from the different plant foods. It may make you feel good to lie to yourself, but it will not make you healthier. I would personally say that heart disease, Alzheimer’s, and colon cancer are much worse than the discomfort of realizing that cruelty to animals is also bad for humans, but clearly some people are so terrified by the idea of switching to a healthier and kinder diet that they can’t handle the truth.

[donkeypoofed]

10. A&W in Canada has Beyond Meat Burgers and they are amazing!!

They also have a breakfast sandwich with Beyond Meat sausage. Omigosh it's all so good. It's a quality product the company makes!

[hunter]

12. Good enough that I no longer feel compelled to buy meat for carnivorous house guests.

Beyond Meat works fine in most of my mom's traditional ground beef recipes.

I am a hypocrite, however.

The Costco food I buy for our dogs contains meat.

I've no problem imposing our household's mostly vegetarian ways on my fellow humans, but I don't demand the same of our dogs.

[Codeine]

13. Yep, I'm a vegan. My kitty isn't.

Carnivores gotta carn.

[forgotmylogin]

25. Grain products are supposedly not healthy for cats anyway.

Many are allergic or have trouble digesting it. They need meat and bone, but the amount they eat is much smaller in comparison to a human.

[JudyM]

27. Grain also fuels cancer. Got my cat off grain based food as soon as I read that.

[Honeycombe8]

21. I do the same.

I figure that it's part of a dog's nature to eat meat, so I don't impose my non-beef & pork ways on her.

I'm not a vegetarian, though. I've given up beef, pork...all meats but poultry. I haven't been able to give up poultry. I still eat fish and have no plans to give that up.

Each year I plan to give up poultry, but then I don't. It's going to be quite a hassle learning how to substitute that lean source of protein. I don't like tofu. And I can eat only so many beans. Too much cheese isn't good for me (my body tells me that!). Eggs are a great source of protein, but they do tend to raise my cholesterol

[hunter]

48. I was raised on fish.

It was the major source of animal protein in our house -- fish my dad caught, and later fish me and my siblings caught with him. Past the age of ten he'd usually take one or two of us fishing with him.

Ten was also the age we could be trusted with knives, because you have to scale and cut the guts out of the fish you catch, right?

I still have my first pocket knife, something we could also be trusted with at that age.

It was different times.

I still eat fish, but I'm very careful about the source.

In some ways I'm more strict about it than Monterey Bay Aquarium's Seafood Watch.

Helping people make better seafood choices for a healthy ocean

Our recommendations help you choose seafood that's fished or farmed in ways that have less impact on the environment.

https://www.seafoodwatch.org/

The world's oceans can't support a seafood diet for billions of people, especially not without significant harm to many endangered species, some of them as sentient as ourselves.

I've got siblings who keep chickens but they only eat eggs, not the chickens. My great grandmas had no problem serving up chickens we'd seen alive earlier in the day for dinner.

My mom bought chicken in the supermarket.

[Honeycombe8]

49. Thanks for the link.

Seafood has gotten so expensive that I usu. buy it only canned, w/occasional frozen fillets. We ate a fair amount of fish when I was young. It was cheaper then. Mom bought it at the store. I'm cajun, so there are a lot of seafood dishes we'd have.

I buy chicken at the store. I could never kill a chicken I had alive. If I ever got any, I'd just eat the eggs. I love eggs. But when I started eating them more, my cholesterol did go up. My cholesterol is normal, but I don't want it to go up.

So I eat a lot of poultry. It's boring, but I love it and it's healthy & lean and doesn't cost that much.

[MicaelS]

14. I predict that within 20 years..

That vat grown meat, skin and fur of all types will be available without harming a single animal.

[Archae]

29. maybe that'll put PETA out of business.

I wouldn't mind that.

[Honeycombe8]

18. I need to try it. I'm hearing & reading good things about it.

This is pretty exciting.

[Archae]

30. I'm going to wait until I can try it.

BTW, how does it compare, cost-wise?

[Codeine]

35. My local grocery store

sells a two-pack for $5.99. Definitely somewhat more expensive than meat, but it’s still a niche product. Once production really ramps up I’m anticipating a lower price point.

[trueblue2007]

31. WISH I had the money to buy stock in the company

[Totally Tunsie]

51. "Beyond Meat: Unhealthy For The Heart And The Portfolio"

Read this before you do:

https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio?page=3

Twice the cost, more fat and calories, and less protein than real beef.

[LibFarmer]

32. This is the future

Good for health, good for the environment.

[Totally Tunsie]

54. Not so great in the health department...

https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio?page=3

"Beyond Meat: Unhealthy For The Heart And The Portfolio"

[itsrobert]

52. Beyond Meat is People!

[Totally Tunsie]

53. "Beyond Meat: Unhealthy For The Heart And The Portfolio"

https://seekingalpha.com/article/4261728-beyond-meat-unhealthy-heart-portfolio?page=3

Twice the cost, more fat and calories, and less protein than real beef.

I'll pass - would rather go without the real beef or the manufactured substitute. Gave up meat ages ago, and focus my diet on FRESH vegetables in salads, stir-fry, and baked dishes.

Interestingly, if one looks at the Beyond Meat website, nowhere does it tell you what is contained in the product other than "plant-based meat"...an oxymoron, to be sure. After much investigation, I finally found its ""pea protein".

https://www.beyondmeat.com/products/