Benson Hill (NYSE:BHIL) Lifted to “Hold” at Zacks Investment Research

Benson Hill (NYSE:BHILGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

According to Zacks, “Benson Hill Inc. is a food technology company unlocking the natural genetic diversity of plants with its cutting-edge food innovation engine. Benson Hill Inc., formerly known as Star Peak Corp II, is based in ST. LOUIS. “

Several other analysts also recently commented on BHIL. Barclays lowered their target price on shares of Benson Hill from $10.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, March 29th. The Goldman Sachs Group decreased their price objective on shares of Benson Hill from $9.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, March 16th. Finally, Roth Capital assumed coverage on shares of Benson Hill in a report on Friday, March 25th. They set a “buy” rating and a $9.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $8.00.

Shares of BHIL stock traded up $0.24 on Monday, hitting $3.49. The stock had a trading volume of 328,124 shares, compared to its average volume of 577,279. The company’s 50 day moving average is $3.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.95 and a quick ratio of 3.27. Benson Hill has a 12-month low of $2.53 and a 12-month high of $10.00.

Benson Hill (NYSE:BHILGet Rating) last announced its earnings results on Monday, March 28th. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.18). The firm had revenue of $43.72 million for the quarter. As a group, research analysts expect that Benson Hill will post -0.77 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Benson Hill in the third quarter worth about $3,708,000. Tao Capital Management LP bought a new position in shares of Benson Hill in the third quarter valued at approximately $12,654,000. Caas Capital Management LP bought a new position in shares of Benson Hill in the third quarter valued at approximately $428,000. Whetstone Capital Advisors LLC bought a new position in shares of Benson Hill in the third quarter valued at approximately $5,348,000. Finally, TD Asset Management Inc. bought a new position in shares of Benson Hill in the third quarter valued at approximately $847,000. Institutional investors and hedge funds own 17.18% of the company’s stock.

Benson Hill Company Profile (Get Rating)

Benson Hill, Inc, together with its subsidiaries, operates as a food technology company that unlocks natural genetic diversity of plants. It operates in two segments, Ingredients and Fresh. The company offers CropOS, a technology platform, which uses artificial intelligence, data, and various advanced breeding techniques that combine data, plant, and food sciences to deliver crops optimized for food, ingredient, and feed products.

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