Beyond Meat, Inc. (NASDAQ:BYND) Given Consensus Rating of “Hold” by Analysts

Beyond Meat, Inc. (NASDAQ:BYNDGet Rating) has been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $40.47.

BYND has been the topic of several recent research reports. Bank of America decreased their price target on Beyond Meat from $20.00 to $10.00 and set an “underperform” rating on the stock in a report on Friday, August 5th. Piper Sandler decreased their price target on Beyond Meat from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Wednesday. Canaccord Genuity Group decreased their price target on Beyond Meat from $30.00 to $22.00 in a report on Thursday. UBS Group increased their price target on Beyond Meat from $20.00 to $30.00 and gave the company a “neutral” rating in a report on Friday, August 5th. Finally, Barclays increased their price target on Beyond Meat from $25.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, August 8th.

Insider Activity

In other news, insider Beth Moskowitz sold 773 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $42.70, for a total transaction of $33,007.10. Following the transaction, the insider now owns 24,358 shares in the company, valued at $1,040,086.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Beyond Meat

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Beyond Meat by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 765,090 shares of the company’s stock valued at $49,853,000 after purchasing an additional 19,830 shares in the last quarter. Parallel Advisors LLC boosted its position in Beyond Meat by 110.3% during the first quarter. Parallel Advisors LLC now owns 614 shares of the company’s stock valued at $30,000 after purchasing an additional 322 shares in the last quarter. Ninety One UK Ltd boosted its position in Beyond Meat by 16.2% during the first quarter. Ninety One UK Ltd now owns 1,375,607 shares of the company’s stock valued at $66,456,000 after purchasing an additional 192,289 shares in the last quarter. Chiron Capital Management LLC boosted its position in Beyond Meat by 44.0% during the first quarter. Chiron Capital Management LLC now owns 5,859 shares of the company’s stock valued at $283,000 after purchasing an additional 1,791 shares in the last quarter. Finally, Credit Agricole S A boosted its position in Beyond Meat by 83.5% during the fourth quarter. Credit Agricole S A now owns 18,559 shares of the company’s stock valued at $1,209,000 after purchasing an additional 8,446 shares in the last quarter. Institutional investors own 60.98% of the company’s stock.

Beyond Meat Stock Down 4.1 %

NASDAQ BYND opened at $15.25 on Friday. The company has a debt-to-equity ratio of 27.60, a quick ratio of 5.16 and a current ratio of 7.48. The company has a market capitalization of $970.94 million, a P/E ratio of -2.90 and a beta of 1.86. Beyond Meat has a one year low of $14.61 and a one year high of $115.03. The stock has a 50 day moving average price of $28.94 and a 200-day moving average price of $32.71.

Beyond Meat (NASDAQ:BYNDGet Rating) last posted its earnings results on Thursday, August 4th. The company reported ($1.53) EPS for the quarter, missing analysts’ consensus estimates of ($1.22) by ($0.31). The firm had revenue of $147.00 million for the quarter, compared to the consensus estimate of $149.08 million. Beyond Meat had a negative net margin of 71.78% and a negative return on equity of 400.17%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.31) earnings per share. As a group, equities analysts predict that Beyond Meat will post -5.26 EPS for the current fiscal year.

About Beyond Meat

(Get Rating)

Beyond Meat, Inc 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 store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.

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