Shares of Beyond Meat Inc. (NASDAQ:BYND) traded today at $221.00, eclipsing its 52-week high. So far today approximately 2.6 million shares have been exchanged, as compared to an average 30-day volume of 4.2 million shares.
In the past 52 weeks, Beyond Meat Inc. share prices are bracketed by a low of $48.18 and a high of $221.00 and is now at $200.34, 316% above that low price.
Beyond Meat is a provider of plant-based “meats,” such as burgers (64% of 2019 sales), sausage (23%), ground beef (13%), and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores and vegetarians alike, and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 33% of 2019 sales. The firm’s products are available in retail stores and the food-service channel (on college campuses, and restaurants such as Carl’s Jr., Subway, Dunkin’ Donuts, A&W Canada, TGI Fridays, and Del Taco).
Beyond Meat Inc. (NASDAQ:BYND) defies analysts with a current price ($200.34) 54.3% above its average consensus price target of $91.47.
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