SBUX, BYND & APRN: Three trending food, restaurant stocks Thursday

Highlights

  • Starbucks stock has been volatile and fell nearly 4% in the last five sessions. The stock closed at US$114.64 on Sep 15.
  • Beyond Meat stock fell 2.9% in the same period. It closed at US$110.81 on Sep 15.

  • Blue Apron Holdings was founded in 2012. The stock jumped 45% on Wednesday.

Stocks of Starbucks Corporation (NASDAQ: SBUX), Beyond Meat, Inc. (NASDAQ: BYND), and Blue Apron Holdings, Inc. (NYSE: APRN) were drawing attention on Wall Street Thursday.

SBUX was up 0.05% to US$114.70, BYND traded 3.57% down to US$106.85, and APRN fell 6.77% to US$5.23 in the pre-market session at 8:28 am ET.

Here we look at some of the recent activities of the companies.

Starbucks Corporation

Starbucks stock gained massive traction on Wednesday, with the trading volume more than double the previous day at 11,556,160.

After five days of consecutive decline, the stock was up marginally up on Thursday morning.

Its 52-week highest and lowest prices were US$126.32 and US$81.75, respectively.

The Seattle, Washington-based specialty coffee maker has a market cap of US$135 billion and a P/E ratio of 47.97. The dividend yield is 1.51%, with an annualized dividend of US$1.80. However, there was no apparent reason for the stock’s recent volatility.

Starbucks’ revenue and net income were US$7.5 billion and US$1.2 billion, respectively, in the quarter ended June 27, 2021.

The stock’s closing price was US$114.64 on Sep 15. Its YTD gain is 5.93%.

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Source – Three trending stocks, Starbucks (NASDAQ: SBUX), Beyond Meat (NASDAQ: BYND), Blue Apron (NYSE: APRN), five-day performance.

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Beyond Meat, Inc. 

Beyond Meat stock is down nearly 3% in the pre-market on Thursday. The company is based in EL Segundo, California, and produces plant-based meat products.

The stock fell 2.9% in the last five days for no apparent reason. Its 52-week highest and lowest prices were US$221.00 and US$99.86, respectively. On Sep 15, the stock closed at US$110.81, and the trading volume was 2,037,173.

In the quarter ended July 3, 2021, its revenue was US$149 million, and the net loss was US$19.65 million. Its market cap is US$7 billion. The stock fell 15.97% YTD.

Founded in 2009, Beyond Meat made its stock exchange debut in 2019.

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Blue Apron Holdings, Inc.

It was started in 2012 to discover new meal recipes, ingredients, and cooking techniques. It is headquartered in New York.

Investors’ interest in the stock rose after it announced to raise US$78 million on Wednesday. It plans for a US$45 million worth of “fully backstopped right share” offering and sale of additional Class A common shares and warrants to raise US$33 million.

This news led to a 45% jump in the stock price on a single day Wednesday. It closed at US$5.61 with a trading volume of 26,534,420 on the same day.

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The stock gained 38% in the last five days. Its 52-week highest and lowest prices were US$12.35 and US$3.52, respectively.

Blue Apron’s revenue and net loss in the June quarter of 2021 were US$124 million and US$18.59 million, respectively. APRN’s current market capitalization is US$132 million. The stock fell 8.77% YTD.

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Bottomline

The S&P Composite 1500 food products industry index gave a 4.13% return YTD. Although these three food and restaurant stocks fell on YTD returns, they may gain in the coming months with the economy recuperating from the pandemic downturn rapidly.

US consumer spending also has increased in recent months, the government data shows. However, investors must carefully evaluate the stocks before investing.

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