BYND - Better Buy: Beyond Meat vs. Blue Apron
We're now a summer removed from the day that Blue Apron Holdings (NYSE: APRN) and Beyond Meat (NASDAQ: BYND) became partners. The provider of gourmet meal kits teamed up with the fast-growing provider of plant-based foods to offer Beyond Burger patties to enhance its existing vegetarian plans.
The news provided a bigger boost to Blue Apron shareholders than Beyond Meat investors, lifting the former's stock as much as 59% higher the day the partnership was announced. The unfortunate twist here is that both stocks are now trading below where they were the day after the deal was made public 11 months ago.
Which one is the better buy now? The answer may seem fairly obvious, but let's go through the process.