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BYND - Maple Leaf Foods: Poised To Profit From The Plant-Based Protein Shift
Beyond Meat Inc.
Beyond Meat, Inc. (BYND) went public this year and took the market by storm, going from its IPO price of $25 to its current level, at the time of this writing, of $169.22. Fast food companies and other restaurants are jumping all over the plant-based protein trend and BYND had perfect timing for an IPO to capitalize on this.
Data by YCharts
However, at the current trading range, BYND has a market capitalization of over $10 billion, which is quite ludicrous when you consider that it only had $40.2 million in revenue last