|Bid||57.0100 x 900|
|Ask||57.0200 x 700|
|Day's Range||55.6100 - 57.1100|
|52 Week Range||48.5600 - 79.3300|
|PE Ratio (TTM)||11.67|
|Dividend & Yield||2.48 (4.46%)|
|1y Target Est||N/A|
Mega-retailer Target Corp. has severed ties with San Francisco food tech Hampton Creek, saying on Friday that it will no longer sell products made by the food startup, two months after pulling its wares from its shelves. Target stopped selling Hampton Creek products, which include its Just Mayo eggless mayonnaise, in June, after it received "serious food safety allegations" about them. The U.S. Food and Drug Administration then said it would not investigate the matter unless consumers fell ill and has “no safety concerns with Hampton Creek at this time.” Hampton Creek has long maintained its products are safe and in compliance with the FDA.
Target Corp. has officially ended its relationship with Hampton Creek Inc., the latest setback in a rough summer for the San Francisco-based maker of Just Mayo eggless mayonnaise and similar products. Bloomberg reports on the Minneapolis-based retailer's decision , which followed a two-month review after pulling Hampton's products from store shelves over food-safety allegations. Hampton Creek officials, who said along along there was nothing to the allegations, publicly said earlier this month they hoped to be back on Target shelves soon, but it looks like that won't happen.
The retailer is making a risky, but needed move to differentiate its merchandise.