Equities research analysts at Oppenheimer assumed coverage on shares of Beyond Meat (NASDAQ:BYND) in a report released on Monday, The Fly reports. The brokerage set a “market perform” rating on the stock.

A number of other brokerages have also weighed in on BYND. Jefferies Financial Group raised their price objective on Beyond Meat from $115.00 to $190.00 and gave the company a “hold” rating in a research report on Tuesday, October 29th. They noted that the move was a valuation call. BNP Paribas cut their price objective on Beyond Meat from $70.00 to $50.00 and set an “underperform” rating for the company in a research report on Wednesday, November 20th. Berenberg Bank assumed coverage on Beyond Meat in a research report on Thursday, November 14th. They set a “buy” rating and a $100.00 price objective for the company. Sanford C. Bernstein upgraded Beyond Meat from a “market perform” rating to an “outperform” rating and set a $106.00 price objective for the company in a research report on Tuesday, November 5th. They noted that the move was a valuation call. Finally, Credit Suisse Group cut their price objective on Beyond Meat from $135.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $113.22.

NASDAQ:BYND traded down $3.69 on Monday, reaching $79.27. 5,983,391 shares of the company’s stock traded hands, compared to its average volume of 6,198,197. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.46 and a quick ratio of 6.38. The stock has a 50-day simple moving average of $90.35 and a 200-day simple moving average of $134.76. Beyond Meat has a 12 month low of $45.00 and a 12 month high of $239.71.

Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $91.96 million for the quarter, compared to analysts’ expectations of $83.35 million. Beyond Meat had a negative return on equity of 5.92% and a negative net margin of 8.42%. The firm’s quarterly revenue was up 250.0% on a year-over-year basis. As a group, analysts forecast that Beyond Meat will post -0.2 EPS for the current fiscal year.

In related news, insider Cari Soto sold 10,000 shares of Beyond Meat stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $79.95, for a total value of $799,500.00. Also, Director Christopher Isaac Stone sold 20,000 shares of Beyond Meat stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $78.04, for a total value of $1,560,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 283,147 shares of company stock valued at $22,632,103.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BYND. Vanguard Group Inc. purchased a new position in Beyond Meat in the second quarter worth about $169,339,000. Blackstone Group Inc purchased a new position in shares of Beyond Meat during the second quarter valued at approximately $161,317,000. BlackRock Inc. purchased a new position in shares of Beyond Meat during the second quarter valued at approximately $68,864,000. Jefferies Group LLC purchased a new position in shares of Beyond Meat during the second quarter valued at approximately $24,102,000. Finally, OZ Management LP purchased a new position in shares of Beyond Meat during the second quarter valued at approximately $11,858,000. Institutional investors own 10.19% of the company’s stock.

Beyond Meat Company Profile

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

Further Reading: Buy Rating

The Fly

Analyst Recommendations for Beyond Meat (NASDAQ:BYND)

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