Beyond Meat launches new 'meatier' version of its plant-based burger

The Impossible Burger 2.0 being introduced at a press event during the CES 2019 in Las Vegas Nevada on Jan 7 2019

The plant-based burger maker which has been the best performing United States initial public offering of the year sank more than 11% early Tuesday after analysts at JPMorgan downgraded the stock to "neutral" from "overweight".

Plant-based meat company Beyond Meat has had a volatile week, with share price dropping 25% on Tuesday.

Beyond Meat's projections also prompted at least three brokerages, including J.P. Morgan's Goldman, to raise their price targets. The share price has already exceeded the price target of every analyst on Wall Street and short sellers have lost more than $400 million betting against the plant-based burger maker's stock since it went public, according to research firm S3 Partners.

'I am maniacally focused on driving this business forward through innovation, ' Brown said during a call with analysts discussing the company's first quarter earnings results.

JP Morgan still says that sales estimates for Beyond Meat are too conservative and believes that it will continue to win over more customers. "As we wrote last week, "At some point, the extraordinary revenue and profit potential embedded in [Beyond Meat]...will be priced in"-we think this day has arrived".

Taylor Swift, Katy Perry end longtime feud: 'Peace at last'
The most common theory is that " Peace at Last " might be a collaboration between the two stars that is coming out soon. Back in 2018, Katy sent Taylor an actual olive branch as a call to end their long running feud.

Let's tree again: Macron offers Trump replacement 'friendship' oak
It was put into quarantine to prevent the possibility of parasites spreading to other trees in the White House grounds. French President Emmanuel Macron downplayed the death of an oak tree he had offered U.S.

Huawei’s rival OS to take on Android - Everything we know so far
Huawei has delayed the launch of the Mate X folding handset until September, having originally planned to launch it this summer. According to the company, it has around 270 million monthly active users on its self-operated AppGallery platform.

The improved patty uses coconut oil and cocoa butter to create a marbling effect to make the patty's texture mimic real meat more closely. Beyond is in the process of moving away from its 1.0 recipe to Beyond Burger 2.0 - a new "meatier" tasting formulation with a new process.

There might be room for all of them. Grocery sales of meat alternatives were up almost 20% to $878 million for the year ended January 5, 2019, according to Fortune. The company recently discontinued its frozen plant-based chicken strips as it improves the recipe.

And demand is expected to continue to grow. Analysts at Bernstein for example just initiated the stock with an Overweight rating, and noted that the alternative meat market could be worth more than $40.5 billion within a decade.

This week, Beyond announced the impending launch of a revamped "meatier" edition of the plant-based burger that's taken the food world by storm. Smith maintained that Beyond Meat is an "incredible" company, and he noted it also sells meatless sausage and ground-up patties in addition to its pre-made burgers.

Related News:



Most liked

Early autopsy results released after 3 Americans die at Dominican Republic resort
The Dominican Republic National Police announced that an autopsy found the couple had respiratory failure and pulmonary edema. Sport's sister Felecia Nieves, in an interview with FOX29, said they were told Sport died from a heart attack.

Donald Trump ridiculed after calling Prince Charles 'The Prince of Whales'
Wales is one of the four countries that make up the United Kingdom, along with England, Scotland and Northern Ireland. That would be Charles, prince of Wales, whom he met last week at World War II commemorations in Britain.

Argentina vs. Japan - Football Match Report
The Asian champions let another chance go begging six minutes later when winger Yui Hasegawa missed the mark on a counterattack. It wasn't in our mindset at all. "But the players were cautious today", Takakura said.

Android’s security key tech finally comes to iPhone
Initially, the technology was made available for Chrome OS, macOS, and Windows 10 devices . To enable the feature, you simply download Google's "Smart Lock" app on iOS .

Superflares Ejected By The Sun Might Ruin The Earth In The Future
In any case, more established stars like the Sun - which is 4.6 billion years of age - likewise produce them occasionally. If a superflare erupted from the sun, he said, Earth would likely sit in the path of a wave of high-energy radiation.

American Airlines extends Boeing 737 MAX cancellations to September
On Wednesday, American Airlines Chief Executive Doug Parker said he believed it was "highly likely" that the MAX would be flying again by mid-August.

Roland Garros runner-up Thiem pulls out of Halle event
The 25-year-old was entered in the Wimbledon warm-up event, but said he had to withdraw due to a "state of exhaustion". Nadal is a two-time victor at the English grass-court major, having secured the men's title in 2008 and 2010.

Trump Jr. to speak with Senate panel Wednesday
Some Republicans are becoming restless with the topic, and Burr received considerable blowback from colleagues over the subpoena. Trump Jr is a fierce defender of his father, and like the president is an adept Twitter user.

Real Madrid Confirm Signing Of 'Japanese Messi' Takefusa Kubo
An attacking midfielder of excellent technique, very skilled, with vision of game, great dribble and goal". This is coming after the Los Blancos unveiled forward, Eden Hazard, on Thursday .

Gatland to coach the Lions
Gatland revealed he "couldn't turn his back" on the challenge and aims to complete some unfinished business in South Africa .

Statement from Harriett Baldwin on Ebola in Uganda
At the border, health workers checked lines of people and isolate one child with a raised temperature, a Reuters journalist said. East Africa has been on high alert since the outbreak was declared in the eastern DRC provinces of North Kivu and Ituri.

Chris Hemsworth sings Johnny Cash as fat Thor on 'Tonight Show'
Actors may be huge stars today but many of them had humble beginnings and did many odd jobs especially when they were teens. The 35-year old made an appearance on the show with his Men In Black: International' co-star, Kumail Nanjiani .

Hannity: Trump playing Democrats and the media 'like a flute'
The top Democrat on the House Intelligence Committee expressed alarm at Trump's comments . He added, "With that being said, my full answer is rarely played by the Fake News Media.

Canada passes 'Free Willy' law banning captivity of whales and dolphins
Marineland in Niagara Falls, Ont., and the Vancouver Aquarium in B.C. are the only two places that now keep captive cetaceans. In addition to the ban on owning whales and dolphins, the ban includes a provision making their import and export illegal.

Megan Rapinoe Responds To Criticism Over USWNT Goal Celebration
I've also been known to catch the game at my desk while the rest of the office thinks I am passionately working on a spreadsheet. Speaking to FOX Sports, Rapinoe brushed off the criticism, saying that her team's only crime was "an explosion of joy".