Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) has been assigned a consensus rating of “Strong Sell” from the nine research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.56.
A number of research analysts recently issued reports on the company. TD Cowen dropped their price target on Beyond Meat from $10.00 to $6.00 and set a “sell” rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets dropped their price target on Beyond Meat from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group dropped their price target on Beyond Meat from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. The Goldman Sachs Group dropped their price target on Beyond Meat from $4.00 to $3.50 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Finally, Mizuho dropped their price target on Beyond Meat from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Monday, April 22nd.
Read Our Latest Stock Analysis on BYND
Hedge Funds Weigh In On Beyond Meat
Beyond Meat Stock Performance
Shares of NASDAQ BYND opened at $6.75 on Tuesday. Beyond Meat has a fifty-two week low of $5.58 and a fifty-two week high of $19.25. The firm has a market capitalization of $437.97 million, a PE ratio of -1.31 and a beta of 2.43. The stock’s 50-day simple moving average is $7.11 and its 200-day simple moving average is $7.54.
Beyond Meat (NASDAQ:BYND – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.05). The firm had revenue of $75.60 million during the quarter, compared to analyst estimates of $75.24 million. During the same quarter in the previous year, the business earned ($0.92) earnings per share. The business’s quarterly revenue was down 18.0% on a year-over-year basis. On average, sell-side analysts forecast that Beyond Meat will post -2.11 earnings per share for the current fiscal year.
About Beyond Meat
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.
See Also
- Five stocks we like better than Beyond Meat
- What is the S&P/TSX Index?
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- Stock Market Sectors: What Are They and How Many Are There?
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- Trading Stocks: RSI and Why it’s Useful
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
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.