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ARMK

Aramark

$38.11

0.44 (1.17%)

, BYND

Beyond Meat

$164.32

1.73 (1.06%)

07:07
08/12/19
08/12
07:07
08/12/19
07:07

Aramark utilizes Beyond Meat products to expand menu selections

Aramark (ARMK) chefs are using products, like Beyond Meat's (BYND) burgers, sausage, crumbles and more, to expand menu selections and provide the choices that meet individual lifestyle and dietary preferences on college campuses, in hospitals and businesses, at schools and in ballparks nationwide. Aramark data indicates 60% of consumers want to reduce their meat consumption, with 33% identifying health and 17% identifying weight management as motivators. In addition to offering guests more choices, developing more plant-based menu options aligns with Aramark's efforts to accelerate climate-healthy menus that lower greenhouse gas emissions. Aramark chefs are working to develop a Gumbo bowl for hospital patient menus using Beyond Sausage, which will be part of its patient bowl pilot program. The Twisted Beet, Aramark's new plant-forward comfort food concept, offers a New Orleans-inspired plate, featuring "dirty grains" and greens topped with Beyond Sausage. Additional offerings include cauliflower mac & cheese and avocado kale salad. Aramark continues to develop new Beyond Burger concepts for sports fans, including the Caribbean-inspired option at Minute Maid Park, in Houston, that includes black beans, avocado, pineapple and sriracha. Aramark offers baseball fans Beyond Sausage topped with fried shallots at Kansas City's Kauffman Stadium and Beyond Sausage Brat Original at a dedicated vegan stand at Citi Field, in Queens, New York. In addition to Beyond Meat, Aramark has recently partnered with other companies, such as JUST and Ocean Hugger Foods, to offer limited time, plant-based menu items at select locations.

ARMK

Aramark

$38.11

0.44 (1.17%)

BYND

Beyond Meat

$164.32

1.73 (1.06%)

ARMK Aramark
$38.11

0.44 (1.17%)

06/17/19
BARD
06/17/19
NO CHANGE
BARD
Outperform
Cintas named new 'Bearish Fresh Pick' at Baird
Baird analyst Andrew Wittmann said in a note to investors before the open that his uniform rental survey for the second quarter showed that strong textile rental trends continue and he believes uniform fundamentals remain solid. Despite the positive outlook on stocks in the sector, Wittmann said he would lighten Cintas (CTAS) positions into earnings and named the stock a new "Fresh Pick-Bearish," noting its shares are already trading above his price target and that initial FY20 guidance will be issued by management with a "historically conservative" approach. Wittman keeps Outperform ratings on Cintas, Aramark (ARMK) and UniFirst (UNF) and said he remains positive on the latter two stock.
08/06/19
STFL
08/06/19
DOWNGRADE
Target $36
STFL
Hold
Aramark downgraded to Hold from Buy at Stifel
Stifel analyst Shlomo Rosenbaum downgraded Aramark to Hold but raised his price target to $36 from $35. The analyst says any near-term upside on the stock would be driven by the company's transaction potential, which includes a buyout that had been speculated in May or a spinoff for its Uniform Rental business.
08/07/19
BARD
08/07/19
DOWNGRADE
Target $40
BARD
Neutral
Aramark downgraded to Neutral from Outperform at Baird
Baird analyst Andrew Wittmann downgraded Aramark to Neutral from Outperform while raising his price target for the shares to $40 from $38.
08/07/19
08/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Aramark (ARMK) downgraded to Neutral from Outperform at Baird and to Hold from Buy at Stifel. 2. Casey's General Stores (CASY) downgraded to Hold from Buy at Gabelli. 3. Quotient Technology (QUOT) downgraded to Underperform from Neutral at BofA/Merrill, to Neutral from Buy at Dougherty, and to Outperform from Strong Buy at First Analysis. 4. Patterson-UTI (PTEN) downgraded to Sector Perform from Outperform at Scotiabank. 5. SiteOne Landscape (SITE) downgraded to Hold from Buy at Berenberg with analyst Alex Maroccia saying he believes weather has hampered the company's ability to deliver the top end of its full-year adjusted EBITDA target of $207M. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
BYND Beyond Meat
$164.32

1.73 (1.06%)

06/12/19
BERN
06/12/19
DOWNGRADE
Target $123
BERN
Market Perform
Beyond Meat downgraded to Market Perform from Outperform at Bernstein
Bernstein analyst Alexia Howard downgraded Beyond Meat to Market Perform from Outperform with a price target of $123. . The downgrade is due to "valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float," Howard tells investors in a research note. The analyst now sees limited upside for the stock. Beyond Meat closed yesterday down 25%, or $42.06, to $126.04 after JPMorgan analyst Ken Goldman downgraded the shares on valuation concerns
06/12/19
06/12/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Cisco (CSCO) downgraded to Market Perform from Outperform at William Blair with analyst Jason Ader saying he sees "signs of tightening demand" across IT infrastructure, which he believes could pressure growth in Cisco's fiscal 2020, "especially when compared against unusually strong demand in fiscal 2019." 2. Manpower (MAN) downgraded to Neutral from Outperform at Credit Suisse. 3. Dave & Buster's (PLAY) downgraded to Hold from Buy at Gordon Haskett and SunTrust, as well as to Market Perform from Outperform at Wells Fargo. 4. Amcor (AMCR) reinstated with a Sell from Neutral at Goldman Sachs with analyst Brian Maguire saying Bemis's earnings growth "has not proven to be as resilient in recent years." 5. Beyond Meat (BYND) downgraded to Market Perform from Outperform at Bernstein with analyst Alexia Howard saying "valuation considerations as the stock has traded in a highly volatile manner since its IPO likely due to its limited public float." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/13/19
FBCO
06/13/19
NO CHANGE
FBCO
Tyson plant-based launch not big threat to Beyond Meat, says Credit Suisse
Credit Suisse analyst Robert Moskow says this morning's launch of plant-based chicken nuggets and patties and hybrid beef-plant burgers and sausages supports his positive view on Tyson Foods (TSN). Perdue and Hormel Foods (HRL) have also signaled similar intentions to pursue hybrid meats, Moskow tells investors in a research note. The analyst, however, does not view Tyson's hybrid burgers as a major threat to Beyond Meat (BYND). Beyond's burger products are "more revolutionary and broader" in terms of potential consumer appeal, contends Moskow. Although competing hybrid burgers offer less saturated fat than the 100% plant-based products from Beyond and Impossible, "they simply don't taste as good in our experience," writes the analyst. Shares of Beyond Meat are down $1.04 to $140.93 in early trading while Tyson Foods is up $1.92 to $83.82.
07/02/19
FBCO
07/02/19
NO CHANGE
Target $125
FBCO
Neutral
Credit Suisse boosts Beyond Meat sales estimates but keeps $125 price target
To account for "strong" retail sales growth in his Nielsen tracking data and continued distribution gains at new restaurant chains, Credit Suisse analyst Robert Moskow raised his fiscal 2020 and 2021 revenue estimates for Beyond Meat to $360M and $511M from $350M and $472M, respectively. The analyst also boosted his EBITDA estimates for Beyond Meat modestly above consensus. Moskow, however, keeps a Neutral rating on the shares with an unchanged price target of $125. The stock closed Monday down $8.10, of 5%, to $152.58. The analyst now expects 64M of shares outstanding in 2020, up from 60M, due to dilution from option grants. The $125 price target assumes a multiple in-line with other early-stage technologically driven growth stocks in the consumer space, discounted back to current value, Moskow tells investors in a research note.

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HA

Hawaiian Holdings

$25.44

0.31 (1.23%)

21:12
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MHK

Mohawk

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SNV

Synovus

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BXS

BancorpSouth

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UCBI

United Community Banks

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RNST

Renasant

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FCCO

First Community

$18.31

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LOW

Lowe's

$98.04

3.07 (3.23%)

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Target

$85.57

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ADI

Analog Devices

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PLCE

Children's Place

$78.06

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

$1,184.26

-15.68 (-1.31%)

19:02
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Periodicals
YouTube intends to end targeted ads on videos aimed at children, Bloomberg says »

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HMNY

Helios and Matheson

$0.00

(0.00%)

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MoviePass exposed card data of thousands of customers, TechCrunch says »

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

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PolyMet Mining reports court declined to hear petition for environmental review »

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

18:24
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American Airlines to pay $22.1M to settle DOJ false claims act allegations »

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

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URBN

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

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NDSN

Nordson

$135.43

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CREE

Cree

$58.19

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SCSC

Scansource

$31.23

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JKHY

Jack Henry

$140.79

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TSLA

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$225.70

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WMT

Walmart

$112.12

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

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CE

Celanese

$111.76

-0.72 (-0.64%)

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WMT

Walmart

$112.12

-1.64 (-1.44%)

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SPY

SPDR S&P 500 ETF Trust

$290.03

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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

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BA

Boeing

$331.94

-1.82 (-0.55%)

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CGC

Canopy Growth

$27.21

0.48 (1.80%)

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WTRH

Waitr Holdings

$1.39

-0.045 (-3.15%)

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