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As of March 15, short interest against Tattooed Chef rose nearly 4% to 17.1 million shares, which is about 35% of the total float, according to FactSet data. The percentage of float refers to the number of shares that are sold short divided by the the total number of shares available for trading. Short interest in another plant-based food company, Beyond Meat, remained elevated even after falling slightly by 2.5% to around 21 million shares. Other companies that saw a surge in short interest this month include a number of biotech companies. In the first half of March, investors increased their bets against Allogene Therapeutics by about 8% to 39.8 million shares, or about half its total float.

[1/2] An undated handout photo from Eat Just, Inc shows a GOOD Meat takeout meal product in Singapore. Eat Just, Inc/Handout via REUTERSWASHINGTON, March 21 (Reuters) - California-based cultivated meat company GOOD Meat has received clearance from the U.S. Food and Drug Administration to bring its lab-grown chicken to market, according to agency documents released on Tuesday. GOOD Meat's chicken is the second cultivated meat product to receive a "no-questions" letter from the FDA after California-based UPSIDE Foods got the regulator's green light for its cultivated chicken breast last November. GOOD Meat plans to initially sell its product at restaurants owned by chef José Andrés, known for his work on global food security. Cultivated meat companies say the product provides environmental benefits because it could cut down on the 14.5% of the world's greenhouse gas emissions derived from livestock.

☆ Beyond Meat sales slumped because people are eating less fake meat, and the company says it gets why
▼ + stars: | 2023-02-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The company said it sold around 3,300 fewer pounds of its fake meat products over the time period, a drop of about 17%. Despite the huge slump in sales, Beyond – which sells products including fake jerky, chicken, and sausage – still beat Wall Street sales estimates. According to Brown, the three major obstacles faced by the plant-based meat industry are taste, understanding of health benefits, and price. Consultancy giant Deloitte noted in a September report that plant-based meat sales were dipping. Beyond also offers some plant-based chicken products, including tenders and popcorn chicken.

☆ Beyond Meat shares surge as cost controls bear fruit
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Feb 24 (Reuters) - Shares of Beyond Meat Inc (BYND.O) surged 13% in premarket trading on Friday as the plant-based meat maker's results indicated that its cost control measures were finally bearing fruit. At least three brokerages lifted their price targets on Beyond Meat's shares, after the company on Thursday topped expectations for quarterly sales for the first time since June 2021 and forecast annual revenue slightly above estimates. Beyond Meat's shares have slumped about 65% in the past twelve months, hammered by a string of downbeat results and forecast cuts stemming from collapsing demand for faux meat and elevated levels of freight and raw material costs. "Beyond Meat deserves credit for becoming more disciplined regarding profits and cash," J.P. Morgan analyst Ken Goldman said. Still, analysts cautioned that demand for plant-based meat remained weak, and that Beyond Meat faced a long road to profitability.

☆ Beyond Meat's upbeat 2023 revenue forecast, cost controls lift shares
▼ + stars: | 2023-02-23 | by ( Granth Vanaik | ) www.reuters.com time to read: +2 min

Feb 23 (Reuters) - Beyond Meat Inc (BYND.O) on Thursday forecast annual revenue slightly above estimates and doubled down on cost controls at a time when persistently high inflation was slowing demand for its faux meat products, sending its shares up over 13% after the bell. The company's net revenue fell 21% to $79.9 million in the quarter ended Dec. 31 from a year earlier, but still beat analysts expectations of $75.7 million. Net loss for Beyond Meat narrowed to $66.9 million, or $1.05 per share, in the fourth quarter. In October, Beyond Meat had said it was targeting cash flow positive operations within the second half of 2023. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Founders growing meat in labs raised a huge $600 million in 2022. Check out the pitch deck used by Multus to raise $9.5 million to make slaughter-free growth serum.
▼ + stars: | 2023-01-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Lab-grown or cultivated meat is real meat grown from the cells of an animal in a controlled environment, as opposed to rearing and slaughtering said animals. It is now honing in on specific use cases to help cultivated meat manufacturers nail the taste and texture of their products. It expects to bring a range of products to market in 2023, including a growth media specifically for beef. The end goal is to also provide growth media for lab-grown dairy and leather. As well as off-the-shelf products, Multus takes advantage of data and automation to discover new growth media ingredients and formulations.

☆ Stocks making the biggest moves midday: Netflix, Lululemon, DocuSign and more
▼ + stars: | 2022-12-09 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves midday:Lululemon — Shares of Lululemon fell 12% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. Broadcom — Broadcom gained 3.1% after giving an upbeat revenue forecast and reporting better-than-expected quarterly results after the bell Thursday. Netflix — Netflix gained 5% after being named a "best idea" for 2023 by Cowen and being upgraded by Wells Fargo to overweight from equal weight. DocuSign — Shares of DocuSign jumped 16% after the electronic signature company posted upbeat quarterly results. Bath & Body Works — Shares of Bath & Body Works gained rose 2.1% after activist investor Dan Loeb boosted his stake in the retailer.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, McDonald's, Netflix, Carvana, Microsoft & more
▼ + stars: | 2022-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Cowen names Costco a top 2023 pick Cowen said Costco is well positioned in a deteriorating macro environment. " Cowen names Caterpillar a top 2023 pick Cowen said the company is well positioned heading into 2023. Cowen names Netflix a top 2023 pick Cowen said it sees free-cash flow ramping up for Netflix in 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said investors should take advantage of any weakness and buy the dip in shares of Apple . Morgan Stanley reiterates Lululemon as overweight Morgan Stanley said the company's fundamentals remain strong after its earnings report on Thursday. "

☆ What’s gone wrong at Beyond Meat
▼ + stars: | 2022-12-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

And fierce competition is squeezing sales, including in frozen, plant-based chicken, a category that is growing while refrigerated plant-based meat sales falter. “We believe that healthy competition within plant-based meat is a good thing as it brings investment in marketing to the category,” said Brown during the November analyst call. It’s true that the plant-based meat pie is smaller these days. Ground plant-based meat fell about 19%, and patties were down 30% in that period. It launched a retooled version, Beyond Chicken Tenders, in stores in 2021, and has built its plant-based chicken portfolio since then.

☆ I ate lab-grown meat. Here's what 'cultivated' chicken made in a bioreactor looks and tastes like.
▼ + stars: | 2022-11-15 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +3 min

Good Meat served its "cultivated" chicken at the UN climate summit in Egypt. Cultivated meat is getting attention at the UN's COP27 meeting because at least 14% of global greenhouse-gas emissions come from animal agriculture, largely driven by beef and dairy cattle. Good Meat went to great lengths to get its "cultivated" chicken served in Sharm el-Sheikh, Egypt, where the COP27 meeting is taking place. The restaurant 1880 in Singapore sold two dishes with Good Meat's chicken for $23, but the revenue from that still isn't enough to make Good Meat profitable. But it will take a whole lot of "cultivated" chicken to offset the world's poultry obsession.

Representatives for Impossible Foods did not immediately respond to a request for comment on the decision. Redwood City, California-based Impossible Foods sued Motif, a Boston-based spinoff of biotech company Ginkgo Bioworks, in March. The court agreed with Impossible Foods that Hemami could still infringe the patents and allowed the claims to continue. Impossible Foods' patents may cover Hemami because it is produced using yeast and does not have any "direct animal provenance," Bryson said. The case is Impossible Foods Inc v. Motif Foodworks Inc, U.S. District Court for the District of Delaware, No.

☆ Tyson Foods CFO John Tyson was arrested in Arkansas after allegedly becoming intoxicated and falling asleep in the bed of a woman who didn't know him
▼ + stars: | 2022-11-07 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Tyson Foods CFO John Tyson was arrested Sunday in Arkansas after allegedly becoming intoxicated. Tyson is a fourth-generation member of the Tyson family, and was made CFO of the company last month. Tyson was named CFO of Tyson Foods on October 2, after serving as executive vice president of strategy and chief sustainability officer. He is also the great-grandson of Tyson Foods founder John W. Tyson. Ramsey, who formerly worked at Tyson Foods, was fired along with 19% of Beyond Meat's workforce in October.

☆ Walmart and Kroger customers can now buy plant-based Beyond Steak, which company describes as 'seared to perfection' and 'chopped into bite-sized pieces'
▼ + stars: | 2022-10-24 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +2 min

Beyond Steak is plant-based food company Beyond Meat's newest product. The product arrives in more than 5,000 Kroger and Walmart stores amid a decline in sales of plant-based meat. The company says the $7.99 product is "designed to deliver the juicy, tender and delicious bite of seared steak tips with the added nutritional and environmental benefits of plant-based meat." It says the product is "seared to perfection and chopped into bite-sized pieces," has 21 grams of protein per serving, is low in saturated fat, has 0 milligrams of cholesterol. The product rollout comes amid declining sales of plant-based meats.

☆ This startup wants to give plant-based foods a meaty aroma and taste. Here's the 13-slide pitch deck Nourish Ingredients used to raise $28.6 million.
▼ + stars: | 2022-10-19 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A startup creating plant-based fat to mimic ones found in meat just landed $28.6 million. Nourish Ingredients hopes its fat will help plant-based meat taste, smell and cook like the real thing. Australia-based startup Nourish Ingredients, founded in 2019, has developed a way to make animal fats using plant-based ingredients. Nourish Ingredients' fat will give foods a meaty aroma and taste, cofounder and CEO James Petrie told Insider. After two years of growth, plant-based food sales have stagnated as public perception dwindles, according to Deloitte.

☆ Beyond Meat cuts 19% of workers including COO accused of biting man's nose in road rage incident; stock crashes
▼ + stars: | 2022-10-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Beyond Meat cuts 19% of workforce including disgraced COO, according to a release from the company. CEO Ethan Brown says the plant-based company is 'significantly reducing expenses' in an effort to focus on growth. Ramsey was charged with third-degree battery and one count of terroristic threatening, according to Washington County Police. Washington County PoliceRamsey's alleged road rage isn't the first sign of trouble for Beyond Meat. According to an August report from Bloomberg, the company eliminated 40 job positions as part of cost-cutting plans.

☆ Beyond Meat to cut 19% of its workforce as sales, stock struggle
▼ + stars: | 2022-10-14 | by ( Sara Salinas | ) www.cnbc.com time to read: +1 min

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, June 5, 2019. Beyond Meat plans to cut 19% of its workforce, or about 200 employees, the company said Friday in a regulatory filing. Shares of the company, already down about 77% so far this year as the company struggles with declining sales, fell in premarket trading Friday. The company also said Chief Financial Officer Philip Hardin stepped down from his post earlier this week. Lubi Kutua, previously Beyond Meat's vice president for financial planning and analysis as well as investor relations, assumed the top financial role on Thursday.

REUTERS/Amir CohenTEL AVIV/ZURICH, Oct 13 (Reuters) - Israel's Redefine Meat has struck a partnership with importer Giraudi Meats to drive European distribution of its "New Meat" steak cuts produced on 3D printers, it said on Thursday. Early hype about plant-based meat alternatives, seen as better for animals and the environment, has ebbed as inflation and recession worries make some consumers return to cheaper animal meat products, while staffing shortages have hit fast-food chains, an important sales channel for plant-based burger patties. Redefine Meat, which makes its products from ingredients including soy and pea proteins, chickpeas, beetroot, nutritional yeasts and coconut fat, has ambitious plans. Ben-Shitrit said Redefine Meat was launching tenderloin and striploin steaks and their adoption by chefs in expensive restaurants proved their quality. Its New Meat is currently available in Israel, Britain, the Netherlands and Germany in almost 1,000 restaurants that are currently paying about $40 per kilo for Redefine Meat's steak cuts, Ben-Shitrit said.

Ramsey and Beyond Meat didn't respond to requests for comment sent in care of the company's public relations representatives. Nearly $12,000 bond was posted to secure Ramsey's release Sunday, according to inmate information posted by the Washington County Sheriff's Office. Ramsey was booked late Saturday based on allegations of third-degree battery and making terrorist threats, according to the sheriff's office. "Mr. Ramsey also bit the owner’s nose, ripping the flesh on the tip of the nose," the officer wrote. According to his bio at Tyson, he worked in the poultry business through most of his time at the company.

☆ Beyond Meat suspends COO after arrest for allegedly biting man's nose
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterA guest wears a hat during the Beyond Meat IPO at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermidSept 20 (Reuters) - Beyond Meat Inc's (BYND.O) Chief Operating Officer Doug Ramsey has been suspended effective immediately, the company said on Tuesday, following reports of the executive's arrest for allegedly biting a man's nose during an altercation. The plant-based meat producer said the operations activities will be overseen on an interim basis by Jonathan Nelson, senior vice president of manufacturing operations. Register now for FREE unlimited access to Reuters.com RegisterRamsey was detained on Saturday on charges of third-degree battery and for threatening, according to court records. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Beyond Meat suspends operating chief after arrest for allegedly biting man's nose
▼ + stars: | 2022-09-20 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Beyond Meat said its operating chief Doug Ramsey has been suspended, effective immediately, after he was arrested Saturday evening for allegedly punching a man and biting his nose. Ramsey allegedly punched through the back windshield of a Subaru after it made contact with the front tire of Ramsey's car, according to a preliminary police report obtained by CNBC. The Subaru owner then got out of his car, and Ramsey allegedly started punching him and bit his nose, "ripping the flesh on the tip of the nose," according to the report. The victim and a witness also alleged that Ramsey told the Subaru owner he would kill him. Prior to joining Beyond Meat, Ramsey spent three decades at Tyson Foods, overseeing its poultry and McDonald's businesses.

☆ Beyond Meat COO arrested for allegedly biting man's nose
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeyond Meat COO arrested for allegedly biting man's noseCNBC's Kate Rogers reports on news around Beyond Meat's COO.

☆ Beyond Meat stock continues to fall after COO's arrest for biting man's nose
▼ + stars: | 2022-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeyond Meat stock continues to fall after COO's arrest for biting man's noseCNBC's Kate Rogers joins 'The Exchange' to discuss Beyond Meat's negative outlook as business partnerships begin to fall through, and after the company's COO was arrested for biting a man's nose at a college football game.

☆ Beyond Meat's chief operating officer was arrested and charged with 3rd degree battery after authorities alleged he bit a man's nose in a fit of road rage
▼ + stars: | 2022-09-19 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +2 min

A Beyond Meat executive was arrested on a battery charge after a small car accident in a parking garage. According to local reports, authorities alleged Doug Ramsey ripped "the flesh" off a man's nose. According to the report, Ramsey bit the other driver's nose, "ripping the flesh on the tip of the nose." Beyond Meat COO Doug Ramsey's mugshot Washington County PoliceWitnesses told police they heard Ramsey "threaten to kill" the other driver, according to KNWA. Insider confirmed that Washington County Police arrested Ramsey on one count of terroristic threatening and one count of 3rd-degree battery.

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