Beyond Meat and Impossible Foods

When Beyond Meat went public in early May of this year, expectations were understandably high. The plant-based meat substitute’s IPO priced at $25, opened at $46 and closed its first day of trading at $65.75. Since then, the stock has traded as high as $201.88 per share. Underwriter JP Morgan recently downgraded the stock to “overweight,” with a target at $121 per share, but this week’s announcement that Beyond Meat will move past its pre-shaped burger patties and sell its plant-based meat substitute in 1 lb “ground beef” packages — suitable for use in meatballs, Bolognese sauces and the like — renewed interest pushed the price higher.

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