Shares of Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) have been assigned a consensus recommendation of “Strong Sell” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $5.06.
Several equities analysts have recently issued reports on BYND shares. BMO Capital Markets lowered their price target on Beyond Meat from $9.00 to $6.00 and set a “market perform” rating on the stock in a research report on Thursday, August 8th. Mizuho lowered their target price on Beyond Meat from $6.00 to $5.00 and set an “underperform” rating on the stock in a report on Monday, August 26th.
View Our Latest Analysis on BYND
Hedge Funds Weigh In On Beyond Meat
Beyond Meat Stock Up 2.4 %
Shares of BYND opened at $6.30 on Friday. The firm has a market capitalization of $409.75 million, a PE ratio of -1.22 and a beta of 2.25. The firm has a 50-day moving average price of $6.19 and a 200 day moving average price of $6.92. Beyond Meat has a 52-week low of $5.13 and a 52-week high of $12.12.
Beyond Meat (NASDAQ:BYND – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.02). The firm had revenue of $93.19 million for the quarter, compared to analyst estimates of $87.81 million. During the same period in the previous year, the business earned ($0.83) EPS. Beyond Meat’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts expect that Beyond Meat will post -2.12 EPS for the current year.
Beyond Meat Company Profile
Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.
Read More
- Five stocks we like better than Beyond Meat
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion?
- About the Markup Calculator
- Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge
- How to Use Stock Screeners to Find Stocks
- Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker
Receive News & Ratings for Beyond Meat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beyond Meat and related companies with MarketBeat.com's FREE daily email newsletter.