Beyond Meat (BYND) is branching out.
The popular plant-based burger maker soon will gain another distributor, HelloFresh. Starting in the U.S. in September, the meal kits company will join a growing list of carriers of Beyond Meat products that includes Shop Rite, TGIFridays, Dunkin' Brands and Kroger.
HelloFresh customers in Canada have been receiving the Los Angeles-based company's meatless foods since July. Shipping to U.S. customers nationwide will begin on Sept. 14, the company said.
All four analysts polled by Factset have hold ratings on Beyond Meat shares. The consensus target price is $160.14.
The stock was rising 0.31% Monday to $145.21.