Shares for Beyond Meat have reportedly risen by 69% as of Thursday’s close. On Monday, the price per share had hit $168.10 per share — almost seven times more than the original IPO of $25. This means that stock in BYND has increased more than 520% since it launched as a public company on 1st May.
According to CNN, Ethan Brown’s company reported sales of $40.2 million in the first quarter of this year, an increase of 215% from the first quarter of 2018. In addition, overall revenue is expected to pass $210 million this year, which is over than 140% compared to last year. This news follows successful partnerships with LIDL, Chanticleer Holdings Inc., New Zealand burger chain BurgerFuel, and Canada’s Tim Horton chain.