Beyond Meat (BYND) is an American producer of plant-based meat options. Its products include meat substitutes in categories such as beef, pork, and poultry.
For Q4 2021, Beyond Meat reported revenue of $100.7 million, which declined 1.2% year-over-year and fell slightly short of the consensus estimate of $101.4 million. It posted a loss per share of $1.27, which widened from a loss per share of $0.40 in the same quarter the previous year and missed the consensus estimate of a $0.71 loss per share.
The company ended the quarter with $733.3 million in cash and $1.1 billion in debt. For 2022, the company anticipates revenue in the band of $560 million to $620 million, compared to $464.7 million in 2021.
With this in mind, we used TipRanks to take a look at the newly added risk factors for Beyond Meat.
Risk Factors
According to the new TipRanks Risk Factors tool, Beyond Meat’s top risk category is Finance and Corporate, with 25 of the total 70 risks identified for the stock. Production and the Ability to Sell are the next two major risk categories with 17 and 8 risks, respectively. Beyond Meat has recently added 10 new risk factors to its profile. Here are some of the key takeaways.
The company cautions investors that its market opportunity and growth estimates are subject to uncertainties and may prove to be inaccurate. The company goes on to say that even if its market grows as expected, its own business could fail to grow at the anticipated rate.
Beyond Meat informs investors that its credit agreements carry terms that could discourage a third party from acquiring it even if such a transaction would be favorable to shareholders. It explains that it may be required to repurchase its notes for cash or increase the conversion rate of those notes under certain takeover circumstances. It says that such conditions could make an attempt to acquire it more difficult or expensive.
Finally, Beyond Meat cautions that increases in the cost of raw materials, labor, and other production inputs could adversely impact its operating results. The company further cautions that its profitability could be harmed if logistics costs rise.
Analysts’ Take
Piper Sandler analyst Michael Lavery recently maintained a Hold rating on Beyond Meat stock with a price target of $50. Lavery’s price target suggests 17.70% upside potential.
Consensus among analysts is a Hold based on 1 Buys, 8 Holds, and 3 Sells. The average Beyond Meat price target of $51.90 implies 22.18% upside potential to current levels.
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