Since the listing day, the company’s stock prices have risen 135.9%. General Mills (GIS) and Kraft Heinz (KHC) have returned 5.3% and -20.5% during this period. The Consumer Staples Select Sector SPDR ETF (XLP) has risen 5.9%, while the S&P 500 Index has fallen 1.3% during this period.
Among the six analysts tracking Beyond Meat stock, all of them recommended a “hold.” Since May, there haven’t been any “buy” recommendations. On August 20, J.P. Morgan changed its ratings on the stock to “overweight” from “neutral.” Following rating upgrade, the company’s stock prices closed 6.5% higher on the same day. J.P. Morgan also increased the target price on the stock by $1 to $189.