Potential Meat Shortage Could Benefit Beyond Meat, Jim Cramer Says

Katherine Ross

Beyond Meat isn't getting a lot of love from UBS analyst Steven Strycula.

Strycula his rating on the shares of Beyond Meat (BYND) - Get Report to sell from neutral, saying the maker of plant-based meat substitutes has soared to overvalued levels. 

The analyst cut his share-price target to $73 from $90.

The stock price already accounts for the “full economic benefit of U.S. partnerships with McDonald’s (MCD) - Get Report and Starbucks, (SBUX) - Get Report but does not reflect risk from reduced restaurant traffic, consumer-trade down (a BYND patty is two times the price of a regular patty) or increased [consumer packaged goods] competition,” Strycula said.

Watch the full video above for Jim Cramer's full take on the company.

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