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-0.00186007549302605 -0.00466280454572983 0.00553077249147173 0.00553077249147173 0.00553077249147173 0.00553077249147173 0.00553077249147173 0.00553077249147173
Stock impact report

Beyond Meat's Share Price Fails To Reflect Risk, Analyst Says In Downgrade [Yahoo! Finance News]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
Shares ofplant-based foodBeyond Meat IncBYNDSteven StryculaBeyond Meat's sales to the Foodservice category accounts for 51% of total sales and is counted on to act as an "outsized growth engine" over the coming years, Strycula said. However, the firm's intra-quarter checks point to a 25% to 35% year-over-year decline in quick-service restaurant chain sales, a 70% to 85% decline among casual diners, and a 40% to 70% decline at fast casual restaurants.Even in a post-coronavirus world, Strycula said consumers are unlike to "snap-back" at restaurants at a fast pace given expectations for an unemployment rate to hit 15% in the second quarter.See Also: Meanwhile, at-home eating habits are likely to persist longer than expected while Beyond Meat's patty is twice the price of a regular beef patty. Chief rival Impossible Foods confirmed over the past few days it will expand to more grocers.Looking out towards 2025, the plant-based meat alternatives could reach $50 billion in sales while Beyond Show less Read more
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