Beyond Meat (NASDAQ:BYND) PT Lowered to $21.00 at Mizuho

Beyond Meat (NASDAQ:BYNDGet Rating) had its price objective decreased by investment analysts at Mizuho from $35.00 to $21.00 in a research report issued on Thursday, The Fly reports. Mizuho’s price target indicates a potential downside of 19.76% from the company’s previous close.

BYND has been the topic of several other reports. UBS Group began coverage on shares of Beyond Meat in a report on Wednesday, March 30th. They set a “neutral” rating and a $48.00 target price on the stock. HSBC upgraded shares of Beyond Meat from a “reduce” rating to a “hold” rating and set a $62.00 price target on the stock in a report on Friday, January 21st. JPMorgan Chase & Co. lowered their price target on shares of Beyond Meat from $54.00 to $32.00 and set an “underweight” rating on the stock in a report on Friday, February 25th. Cowen lowered their price target on shares of Beyond Meat from $53.00 to $42.00 and set a “market perform” rating on the stock in a report on Friday, February 25th. Finally, Zacks Investment Research upgraded shares of Beyond Meat from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. Six research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.88.

NASDAQ BYND opened at $26.17 on Thursday. The company’s 50-day moving average price is $42.67 and its 200-day moving average price is $60.19. The company has a current ratio of 11.17, a quick ratio of 8.60 and a debt-to-equity ratio of 8.53. The stock has a market cap of $1.66 billion, a PE ratio of -9.09 and a beta of 1.68. Beyond Meat has a 12 month low of $25.75 and a 12 month high of $160.28.

Beyond Meat (NASDAQ:BYNDGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported ($1.58) EPS for the quarter, missing analysts’ consensus estimates of ($1.01) by ($0.57). Beyond Meat had a negative return on equity of 84.30% and a negative net margin of 39.19%. During the same quarter in the prior year, the firm earned ($0.42) earnings per share. As a group, sell-side analysts forecast that Beyond Meat will post -3.18 earnings per share for the current year.

In related news, Director Diane Carhart sold 5,048 shares of Beyond Meat stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $43.20, for a total value of $218,073.60. Following the sale, the director now owns 1,540 shares of the company’s stock, valued at approximately $66,528. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.90% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in Beyond Meat by 13.6% during the 3rd quarter. Geode Capital Management LLC now owns 745,260 shares of the company’s stock worth $78,446,000 after purchasing an additional 89,171 shares during the last quarter. AGF Investments America Inc. boosted its position in shares of Beyond Meat by 17.7% during the 3rd quarter. AGF Investments America Inc. now owns 33,168 shares of the company’s stock valued at $3,491,000 after acquiring an additional 4,987 shares during the last quarter. Jeppson Wealth Management LLC boosted its position in shares of Beyond Meat by 16.0% during the 4th quarter. Jeppson Wealth Management LLC now owns 6,406 shares of the company’s stock valued at $417,000 after acquiring an additional 882 shares during the last quarter. Banque Pictet & Cie SA acquired a new position in shares of Beyond Meat during the 4th quarter valued at about $13,358,000. Finally, CIBC Asset Management Inc boosted its position in shares of Beyond Meat by 9.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,542 shares of the company’s stock valued at $268,000 after acquiring an additional 223 shares during the last quarter. 67.15% of the stock is currently owned by institutional investors.

Beyond Meat Company Profile (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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