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Why Beyond Meat Stock Could Go Higher In The Long Run

The purest-play alternative meat stock is making it easier for consumers to buy its products.

Why BYND Stock Jumped Higher This Week

Shares of Beyond Meat (BYND Stock Report) climbed 5.28% on Thursday. This came after the plant-based meat company launched a new e-commerce site to increase its online presence. Despite many alternative meat companies like OmniPork making a name among consumers, BYND stock remains the only tradable company in the stock market. And if you are hopeful with the plant-based meat industry, is BYND stock your single best investment now? 

The New Online Store Could Act As A Catalyst For BYND Stock’s Growth

The new direct to consumer portal would include it’s signature alternative-meat products and new bulk packs and product bundles, as well as trial sizes and limited-time offers and have them delivered within two days. Beyond Meat’s shipping boxes are also recyclable and will be sent via United Parcel Service (UPS Stock Report) carbon-neutral shipping. This could appeal to Beyond Meat’s customers, who are likely to have higher environmental awareness in comparison with others.

Of course, ordering meat by mail is not a revolutionary thing. The move to shift into e-commerce is essential, as much of the rest of the retail market; is shifting online. Beyond Meat certainly is well aware of this.

It is only natural for the company to go online where many of their clients love to shop. If anything, it appears Beyond is somewhat late to the party in setting up its online store.

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Strategic Partnership With Major Retailers & Fast Food Chains To Create More Opportunities For BYND Stock

Beyond Meat may be a provider of plant-based meat proxies for restaurants, but the major components of its revenue come from partnerships with major retailers like Walmart (WMT Stock Report) and Target (TGT Stock Report), just to name a few. This quickly increased its exposure to mainstream consumers.

On the other hand, the company’s partnership with fast-food chains like Starbucks (SBUX Stock Report) and Yum China (YUMC Stock Report) is the more proactive approach to get consumers to slowly accept the plant-based meat. Of course, restaurant chains in the US are still feeling the impact of the pandemic. Many aren’t operating close to pre-pandemic levels just yet. After all, social distancing measures have limited the number of patrons who can dine in.

[Read More] Are These The Top Coronavirus Stocks To Trade Before September 2020?

What To Expect From BYND Stock

It appears we could continue to expect high demand for plant-based food as the supply chain for meat has yet to recover fully. We can’t say for sure if the trend of people stocking up Beyond Meat is sustainable. After all, some of the hype during the first few months of the company going public appeared to have been overdone. The reality is, many consumers are still sticking with conventional meat.

Besides, plant-based meat doesn’t necessarily have the most competitive pricing. Some consumers might take the leap to try plant-based meat and end up liking it in the longer term. Of course, the second-quarter results have been strong. Coupled with market expansion exercises, BYND stock is definitely worth a look in the long run. 

By Joe Samuel

Joe Samuel is a dedicated stock market researcher and financial contributor. His love for the stock market started at a young age learning from his grandfather. Joe earned a bachelor of science degree in corporate finance and business management. After finishing college, he went the route of an entrepreneur starting numerous businesses and eventually became a financial contributor to a number of outlets including Seeking Alpha, Invesitng.com, and actively contributes to FactSet. At StockMarket.com, Joe looks for emerging stories. One of his traits is identifying new trends before they become mainstream. Whether it’s a biopharmaceutical company debuting a novel treatment or the next technology start-up developing a new platform, Joe looks to be on the cutting edge of that trend.

After years of living in New York, he made the move to Miami, Florida where he’s become an active member of the finance community. Joe has worked with early-stage companies in marketing and consulting capacities, which has given him an opportunity to see what makes companies tick. His viewpoint is that while corporate news is vital to any investment, it’s what isn’t “right in front of you” that can make a good investment great. His approach to the markets is one that aims to deliver information that might not be well-known. But through deep research and diligence, Joe has written about and been able to uncover time-sensitive information when seconds matter in the stock market today.

Joe enjoys covering several stock market sectors. These include commodities, finance, biotechnology, and technology; specifically AI & machine learning. His no-nonsense approach to the market gives readers a cut and dry view of the news that matters most and topics beginning to emerge as new trends in the stock market. He was early to the table with calls on things like the last gold rush in 2019 and has been able to identify influential events and how they could impact certain industries.

During his free time, he enjoys spending time with his family and polishing up one new stock market trends. He’s also an avid car enthusiast with a passion for classic and muscle cars.

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