5 Best Vegan Stocks to Buy Now

In this article, we discuss 5 best vegan stocks to buy. If you want to read our detailed discussion on the vegan industry, head over to 11 Best Vegan Stocks to Buy Now.

5. Beyond Meat, Inc. (NASDAQ:BYND)

Number of Hedge Fund Holders: 15

Beyond Meat, Inc. (NASDAQ:BYND), recognized as one of the best vegan stocks, develops, produces, promotes, and sells plant-based meat products in the United States and around the world. The company provides different plant-based meat products, including beef, poultry, and pork. Beyond Meat, Inc. (NASDAQ:BYND) distributes its products through grocery stores, large retailers, clubs, convenience stores, and food-service outlets like restaurants and schools. On August 7, Beyond Meat, Inc. (NASDAQ:BYND) announced a Q2 GAAP EPS of -$0.83, outperforming market consensus by $0.01. However, the revenue of $102.15 million fell short of Street estimates by $7.04 million.

According to Insider Monkey’s second quarter database, 15 hedge funds were bullish on Beyond Meat, Inc. (NASDAQ:BYND), same as the previous quarter.

Here is what Horos Asset Management has to say about Beyond Meat, Inc. (NASDAQ:BYND) in its Q1 2022 investor letter:

“What about the other asset class that has attracted the most attention from the investment community in recent times? Beyond Meat is the other company whose valuations we did not understand and whose share price has also declined drastically in the last year and a half.”