Beyond Meat Inc. (BYND) Launching Research Campus for Partner Product Development - Jefferies

March 15, 2021 8:16 AM EDT
Get Alerts BYND Hot Sheet
Price: $122.80 --0%

Rating Summary:
    6 Buy, 10 Hold, 8 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 21 | New: 44
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Jefferies analyst Rob Dickerson reiterated a Hold rating and $140.00 price target on Beyond Meat Inc. (NASDAQ: BYND) after attending the company's analyst meeting and feeling better about the company's capital structure and ability to maintain its first mover advantage. The company also plans to co-develop product w/ larger JV partnerships on a new research campus.

The analyst stated "BYND plans to open late 2021/early 2022 a new 280k sq ft. research center located near LAX, where McDonald's (NYSE: MCD), Yum! Brands (NYSE: YUM), and PepsiCo (NASDAQ: PEP) will have in-house research facilities and test restaurants. The MCD branding strategy likely includes in store signage and co-marketing, but likely not a BYND branded product on the menu. Price of products key to successful launch. Potential to broaden offerings over time."

For an analyst ratings summary and ratings history on Beyond Meat Inc. click here. For more ratings news on Beyond Meat Inc. click here.

Shares of Beyond Meat Inc. closed at $143.57 yesterday.

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