Beyond Meat's once-sizzling post IPO stock price has cooled off, but the fake meat maker is still getting detractors. 

In fact, Beyond Meat ($BYND) began the year with shares soaring more than 50%, only to have its bubble again burst by a Bernstein analyst who said "Beyond Meat’s near-term sales growth potential in the U.S. is largely priced in at this point" and slapped a rating cut on the shares January 15. And, elsewhere in the market, there are other investors who have turned their noses up at shares' recent run. 

Our first chart tracks Beyond Meat's job postings, matched against its stock price. The company - like so many other white-hot startups that either made market debuts that disappointed investors, or failed to IPO at all - was challenged by a share price decline after its offering, and over time, Beyond Meat's job posting growth began to cool. Still, today, just like its shares, Beyond Meat job postings are chasing highs not seen since soon after its 2019 IPO debut .

The map above (and, the chart that Thinknum Alternative Data users can access to track the number of locations carrying Beyond Meat products over time), illustrates the point that Bernstein's Alexia Howard made about the stock - it is, in fact, hitting market saturation in the US.

Tons of grocers are carrying the products Beyond Meat makes, and just about every QSR on Main Street with the notable exception of Mickey D's is churning out their faux-burgers. However, what the map illustrates - and what may have investors bullish - is Beyond Meat's international growth, which map users can better inspect by pinching-and-zooming all over the world through our interactive map. 

About the Data: 

Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales. 

Further Reading: 

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