Image by Sean Hayes from Pixabay

There are only 3 pure-play plant-based food stocks with market caps in excess of $100M and they are tracked in our munKNEE Plant-based Food Stocks Index. They are presented below their:

• stock performances in April  and YTD;
• likelihood of Financial Distress within the next 2 years (according to data from macroaxis.com),
• average Wall Street Analyst 12-month Price Targets,
• extent of Short Interest,
• degree of Insider Ownership (from SeekingAlpha.com),
• percentage of Institutional Ownership, and
• Market Capitalization.

1. Tattooed Chef (TTCF): up 8.5% in April; still up 13.7% YTD
   • Offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
   • 3 analysts:
     • have an average 12-month price target representing a 40.9% increase from its current price and
     • have a consensus HOLD rating (all 3 analysts).
   • In addition, TTCF has:
     • 26% chance of Financial Distress within 2 years,
     • very high 31.2% Short Interest,
     • 41% Insider Ownership,
     • 18% Institutional Ownership, and
     • $129M Market Capitalization.
2. Oatly Group (OTLY): DOWN 3.7% in April; still up 33.9% YTD
   • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
   • 12 analysts:
     • have an average 12-month price target representing a 98.7% increase from its current price and
     • have a consensus BUY rating (9 Buy, 3 Hold).
   • In addition, OTLY has:
     • 30% chance of Financial Distress within 2 years,
     • 8.1% Short Interest,
     • only 1.6% Insider Ownership,
     • 15.3% Institutional Ownership, and
     • $1.4B Market Capitalization.
3. Beyond Meat (BYND): DOWN 16.6% in April; still up 10.2% YTD
   • Seeks to replicate the look, "cook", and taste of meat. Its products are sold in the meat case of retail food stores across the U.S. and Canada and 83 other countries.
   • 16 analysts:
     • have an average 12-month price target representing a 8.6% DECREASE from its current price and
     • have a consensus HOLD rating (9 Hold, 6 Sell, 1 Strong Sell).
   • In addition, BYND has:
     • 46% chance of Financial Distress within 2 years,
     • very high Short Interest of 34.0%,
     • 4.5% Insider Ownership and
     • Market Capitalization of $869M

Summary

The munKNEE Plant-Based Food Stocks Index was down 13.3% in April but is still up 14.0% YTD and its constituents have an average 12-month Wall Street analyst price target which only represents a 10.2% increase from their current prices as a result of the negative 12-month forecast for Beyond Meat.

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