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Beyond Meat has Outstanding IPO

05/02/2019

Beyond Meat innovator and manufacturer of plant-based patties and sausages debuted on the NASDQ under the ticker symbol BYND. Priced at $25 the share opened for trading at $46 and advanced steadily to close up 163 percent at $65.45. The company now has a market capitalization of $3.8 billion.

Interviewed on the trading floor by CNBC, Company Founder Ethan Brown indicated that invested capital will be used to expand production facilities and distribution. At present the Beyond Meat patty is selling in 17,000 stores and has received growing interest from the food service sector. Brown deflected questions as to when the Company might achieve profitability noting that there will be considerable plow-back to build for the long term.

 

Beyond Meat is obviously promoting healthfulness and sustainability as attributes but evidently does not compare nutritional value of its plant-based products with conventional meat especially with respect to essential amino acids. 

 

It remains to be seen whether the stock price will hold through successive losing quarters.