RE:RE:“outperform” rating
I'm thinking it's because they bought that new manufacturing plant. It's probably a little disappointing because that means the new plant based protein factory is not going to be completed anytime soon. They also had issues with keeping the plant protein factories online in the last quarter. So it's probably being read as yet another sign of poor execution. I think the overall prospects still look great. Field Roast has been launching lots of new plant based products lately (2 this month). So I think that outweighs the slow construction progress on the two factories. But they really do need to get the new poultry plant finished and online. Because that cost a fortune, it's way behind schedule and It's delaying 105 million per year in EBITDA. I think people/analysts are getting a bit tired of waiting for these projects.