Jim Cramer Nailed These 11 Stock Predictions

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

Number of Hedge Fund Investors: 9

Back in that segment, a viewer curious about alternative meat stocks asked about Beyond Meat, Inc. (NASDAQ:BYND) as a potential long-term play. Cramer dismissed the company outright, favoring a more conservative food stock:

“No. Don’t own that — way too risky. I’d rather have you own Hormel down here. I think it’s a better play.”

Great call. The stock has sunk by -59.02% since those comments.

Beyond Meat Inc. (NASDAQ:BYND) develops plant-based meat substitutes designed to replicate the taste and texture of animal products while offering environmental and health benefits.

Recently in May, a caller asked Cramer if they should buy the stock at these levels, to which Cramer replied with another straight-forward:

“No, don’t want to own that. Way too risky.”