|Bid||154.02 x 1300|
|Ask||154.16 x 1200|
|Day's Range||150.38 - 162.50|
|52 Week Range||48.18 - 167.16|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
What happened Shares of plant-based meat maker Beyond Meat (NASDAQ: BYND) jumped 9% earlier this morning and remain up almost 7% as of 11 a.m. EDT. The company made an announcement yesterday that may have gotten lost by investors on a down day for the stock market.
On Friday, Sept. 18, J.P. Morgan analyst Ken Goldman, along with research firm CFRA, downgraded Beyond Meat (NASDAQ: BYND) to a "sell" rating from "equal weight," sparking a sell-off in the stock, in sympathy with many high-growth technology names. A leader in plant-based meat, Beyond Meat's stock has surged almost 100% this year, as its terrific growth rates and new innovations have fueled enthusiasm for the stock.
This morning, meat-alternative producer Beyond Meat (NASDAQ: BYND) announced the expansion of Beyond Breakfast Sausage Patties to a greater number of stores throughout the country by the end of September. Beyond Breakfast Sausage is one of several offerings introduced by Beyond Meat this year. The expansion will see the breakfast sausage patties for sale at close to 5,000 additional U.S. grocery locations, more than doubling the product line's retail footprint.