Why Beyond Meat's Stock Rose 4% on Monday
Shares of Beyond Meat (NASDAQ: BYND) closed Monday's trading session up about 4% after an analyst at Jefferies reiterated his hold recommendation on the plant-based meat alternative maker, but sounded a bullish note on future partner deals.
Getting Beyond Meat's products into the hands of more customers will help the company's growth prospects at a time when the market is becoming crowded with faux meat competitors. Its recent deal with Yum! Brands to bring its plant-based alternatives to the menus of KFC, Pizza Hut, and Taco Bell, as well as agreements with McDonald's and PepsiCo, should give it a leg up.
Similarly, getting its products into more supermarket freezer cases could help normalize the idea of meat alternatives with hesitant consumers, so Walmart's decision to expand Beyond Meat's availability in its stores should help too.
Source Fool.com
