Source: Benzinga Feeds
It can be said that value is in the eye of the beholder, but there probably isn’t a practical universe in which Beyond Meat (NASDAQ: BYND ) stock is considered value fare. Value stocks typically don’t rise 71% in less than a month as Beyond Meat shares have done so to start 2020. For those that need more convincing this stock isn’t more expensive, there’s the following data courtesy of Morningstar : a price-to-sales ratio of 28.62 times, a price-to-book ratio of 17.82 times and a jaw-dropping forward price-to-earnings ratio of 416.67 times. The research firm classifies Beyond Meat as a mid-cap growth stock, yet here we are discussing the stock’s appearance in not one, but several value exchange traded funds. To be fair, the following funds don’t necessarily have significant Beyond Meat exposure on a percentage basis. Few ETFs do, but some of these products are value funds and are among the largest shareholders in Beyond Meat, a stock that clearly isn’t a … Full story available on Benzinga.