Largest Plant-Based Food Stocks Were Up 5% Last Week; Now Up 32% YTD

Image by Sean Hayes from Pixabay

With all the hype regarding plant-based foods you would think that there would be many pure-play companies in the sector but there are only 3 that have market caps in excess of $100M and those are the companies we track in the munKNEE Plant-based Food Stocks Index. They are presented below as to their:

  • stock performances week-ending March 25th, 2023 with
  • likelihood of Financial Distress within the next 2 years (according to data from, and
  • average 12-month Price Targets (from,
  • extent of Short Interest (from, and
  • Insider Ownership (from
  1. Beyond Meat (BYND): Up 4.7% last week; Up 32.4% YTD
  2. Oatly Group (OTLY): Up 3.5% last week; Up 37.4% 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 of $4.63
      • representing a 94% increase from the March 24th price of $2.91 and
      • have a consensus Buy rating (5 Buy, 4 Hold, 3 Sell).
    • In addition, OTLY has:
      • a 30% chance of Financial Distress within 2 years,
      • an 8.2% Short Interest; and
      • only 1.6% Insider Ownership.
    • Read: Oatly stock is defended at BofA with liquidity on the mend
  3. Tattooed Chef (TTCF): Up 11.1% last week; Up 21.0% YTD

In total, the munKNEE Plant-Based Food Stocks Index was Up 5.0% last week and is now Up 32.0% YTD, and that represents a 4.9% decrease from their average March 24th prices according to the consensus 12-month forecast of the 3 Wall Street analysts following these stocks.

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Disclosure: None

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Caitlin Snow 2 months ago Member's comment

If you are long, this is just fuel for the rocket ship.

Blaze 2 months ago Member's comment

16 million short on 48millon shares.