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Why Investors Should Be Bullish on Beyond Meat

By Jose Najarro - May 27, 2021 at 8:00AM

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Beyond Meat recently got a price upgrade, but there are better reasons to buy this growth stock.

In today's video, I look at Beyond Meat (BYND -12.19%) and share a few reasons why investors should be bullish on this growth stock. 

Two reasons to be bullish on Beyond Meat

  1. For the first quarter of 2021, Beyond Meat saw 11.4% year-over-year (YOY) revenue growth despite the domestic foodservice segment being down 26% YOY. The reduction in the restaurant business drives the decrease in the foodservice segment, and Beyond Meat should see stronger results as restaurants begin to reopen domestically and internationally.
  2. Looking through Beyond Meat's investor relations press release, the company has announced numerous partnerships. To name a few, in the past three months it has increased its products in Walmart, partnered up with Pizza Hut Canada and Carl's Jr., announced major retail expansions throughout Europe, and opened up a manufacturing facility in China.

Click the video below for my full thoughts. 

*Stock prices used were the closing prices of May 24, 2021. The video was published on May 25, 2021.

 

Jose Najarro has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Beyond Meat, Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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Stocks Mentioned

Beyond Meat Stock Quote
Beyond Meat
BYND
$29.17 (-12.19%) $-4.05
Wal-Mart Stores, Inc. Stock Quote
Wal-Mart Stores, Inc.
WMT
$137.02 (-1.47%) $-2.05
Yum! Brands, Inc. Stock Quote
Yum! Brands, Inc.
YUM
$116.65 (-1.10%) $-1.30

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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