Beyond Meat, the manufacturer of plant-based burger patties that you can find at retailers like Target, has seen its stock climb from $30 during its May IPO to $151 today. The company, which earns $40 million in revenue on a few million in profits, is currently valued at $9 billion for a price-to-revenue ratio of 225. The P/E ratio would be like 2,000. Since meat alternative products are doing well with taste tests right now, and there are some markets that are reporting low inventories, the stock price of this business is being bid up on an almost weekly basis right now.
My prediction is this. On June 17, 2024, Beyond Meat will trade at a lower price than the $151 than it is trading at today [June 17, 2019].
I’ll share a couple reasons.
First, plant-based burger patties aren’t really proprietary. I know that Beyond Meat is claiming that … Read the rest of this article!