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Stock impact report

Beyond Meat Sentiment Rises Amid Fear of Beef and Pork Shortage [Yahoo! Finance News]

Beyond Meat, Inc. - Common stock (BYND) 
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm Check Earnings Report
) --The growing threat of a meat shortage is helping to lift shares of plant-based protein manufacturer Beyond Meat Inc.The stock jumped 41% last week, its biggest weekly gain since going public last May. The advance followed news of food plant closures that could reduce the amount of pork and beef products available for U.S. shoppers in the near future.“The market’s taking that as if there’s a shortage out there; Beyond Meat can potentially benefit,” said Rupesh Parikh, a senior analyst at Oppenheimer & Co. who tracks food, grocery and consumer products.A surge in demand could provide some needed relief for Beyond Meat, whose revenue depends heavily on food service and restaurant businesses pummeled by social-distancing measures and stay-at-home orders. Even with last week’s gain, the stock is far from its highs of last year and only three of the 19 analysts surveyed by recommend buying shares.Donald McLee, an analyst at Berenberg Capital LLC, said the company has found a “perfect Show less Read more
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