Category: Beyond Meat

Beyond Meat COO Arrested for Biting Man’s Nose in Parking Lot Altercation

The chief operating officer of plant-based meat producer Beyond Meat was arrested this weekend after allegedly biting a man’s nose during an altercation that took place in Arkansas. Doug Ramsey, 53, was arrested on Sept. 17 on charges of terroristic threatening and third-degree battery, according to the Washington County, Arkansas, information page. Ramsey, who stepped into the…


McDonald’s Ends Testing McPlant Burger, Adding Pressure on Beyond Meat Stock

McDonald’s announced that it has concluded the U.S. trial of its McPlant burger, which is made with the plant-based protein manufactured by Beyond Meat (BYND). In November 2021, McDonald’s began testing the meat-free burger in eight restaurants across America. In February this year, the company introduced the McPlant burger at around 600 locations. According to…


Beyond Meat Partners with Kim Kardashian in New Campaign

Beyond Meat announced on Tuesday that it would be launching a new campaign with Kim Kardashian, who will be joining the company as “chief taste consultant.” Kardashian appeared in a promotional video to announce her new partnership with the company, in which she is expected to make regular contributions to Beyond Meat’s newsletter with “exclusive…


Beyond Meat Shares Tumble on Disappointing Q1 Results, Barclays Downgrades Price Target

Barclays on Thursday cut the price target for shares of plant-based meat company Beyond Meat by nearly 70 percent following the company’s disappointing sales revenues in the first quarter. Barclays analyst Benjamin Theurer downgraded shares to equal weight from overweight, with a $25.00 per share price target, down from $80.00. “Given limited short-term visibility, mounting cost pressure,…


Beyond Meat Shares Fall on Dimmer Than Expected Forecasts

Beyond Meat Inc. forecast annual revenue below estimates on Thursday, hitting its share price, as it faced stiffer competition amid flat demand for plant-based protein. The California-based company said it expects revenue of $560 million to $620 million for 2022, compared with estimates of $637.3 million, according to Refinitiv IBES data. Sales to U.S. grocers,…


McDonald’s Expands US Test of Beyond Meat ‘McPlant’ Burger

NEW YORK—McDonald’s Corp said on Thursday it will expand its U.S. test of a plant-based burger it created with vegan meat maker Beyond Meat Inc to about 600 locations next month. The restaurants—in San Francisco, California and Dallas-Forth Worth, Texas—will sell the so-called “McPlant” burger starting Feb. 14 for as long as supplies last in…


Wall Street Appetite for Beyond Meat Stock Erodes as Shorts Intensify

The Beyond Meat stock is struggling to withstand the invasion of short sellers. Short interest climbed to about 36 percent of Beyond Meat’s free float, making it the most shorted business in the Russell 1000 index. This is up from 26 percent at the beginning of October and short interest is rising at an alarming…


KFC to Begin Rolling out Beyond Meat Fried ‘Chicken’ Across US Next Week

KFC will begin rolling out its Beyond Meat fried “chicken” across the United States next Monday for a limited time, the companies announced on Jan. 4. The meatless meal will be the first plant-based chicken to launch in fast-food restaurants across America and will be available at KFCs nationwide. Shaped like fried chicken chunks, the six-piece…