Beyond Meat (Beyond Meat) Momentum Rank : 7 (As of Apr. 29, 2024)

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What is Beyond Meat Momentum Rank?

Beyond Meat has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Beyond Meat's Momentum Rank

For the Packaged Foods subindustry, Beyond Meat's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Beyond Meat's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Meat's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beyond Meat's Momentum Rank falls into.

Beyond Meat Momentum Rank Related Terms

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Beyond Meat (Beyond Meat) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Beyond Meat Inc (NAS:BYND) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BYND:Mexico 1BYND:Italy 0Q3:Germany 0Q3:Germany 0Q3:Germany 0Q3:Germany B2YN34:Brazil BYND:Austria

Address

119 Standard Street, El Segundo, CA, USA, 90245

Website

https://www.beyondmeat.com

Beyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.

Executives

Chad M Peffer	officer: Interim Chief Growth Officer	C/O BEYOND MEAT, INC., 888 N. DOUGLAS STREET, SUITE 100, EL SEGUNDO CA 90245
C James Koch	director	C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Akerho Oghoghomeh	officer: See Remarks	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Dariush Ajami	officer: Chief Innovation Officer	C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245
Lubi Kutua	officer: CFO, Treasurer	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Beth Moskowitz	officer: Chief Creative Officer	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Sharman Robert M Jr	officer: See Remarks	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Henry Dieu	officer: See Remarks.	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Brad Hiranaga	officer: SEE REMARKS	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Jay Colleen	director	C/O THE COOPER COMPANIES, INC., 6140 STONERIDGE MALL ROAD, SUITE 590, PLEASANTON CA 94588
Diane Carhart	director	C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245
Teri L Witteman	officer: General Counsel, Secretary	20333 S. NORMANDIE AVE, TORRANCE CA 90502
George Bernard Adcock	officer: Chief Suppy Chain Officer	C/O BEYOND MEAT, INC., 119 STANDARD ST., EL SEGUNDO CA 90245
Douglas Wayne Ramsey	officer: Chief Operating Officer	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Jonathan P Nelson	officer: Interim COO	C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245