Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) has received an average rating of “Strong Sell” from the nine analysts that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.88.
A number of equities research analysts recently commented on the stock. Mizuho cut shares of Beyond Meat from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $12.00 to $5.00 in a report on Thursday, October 12th. Piper Sandler lowered their target price on shares of Beyond Meat from $6.00 to $3.00 and set an “underweight” rating on the stock in a report on Friday, September 22nd. Consumer Edge cut shares of Beyond Meat from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Monday. Barclays lowered their target price on shares of Beyond Meat from $9.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, November 2nd. Finally, BMO Capital Markets lowered their target price on shares of Beyond Meat from $13.00 to $7.00 and set a “market perform” rating on the stock in a report on Thursday, November 9th.
Institutional Inflows and Outflows
Beyond Meat Stock Up 5.5 %
Shares of NASDAQ BYND opened at $6.74 on Wednesday. Beyond Meat has a twelve month low of $5.58 and a twelve month high of $22.87. The stock’s 50 day moving average price is $8.35 and its 200-day moving average price is $11.36. The company has a market capitalization of $435.00 million, a PE ratio of -1.73 and a beta of 2.24.
Beyond Meat (NASDAQ:BYND – Get Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.83) by ($0.26). The company had revenue of $75.31 million for the quarter, compared to the consensus estimate of $86.45 million. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.60) earnings per share. As a group, research analysts expect that Beyond Meat will post -3.43 EPS for the current fiscal year.
About Beyond Meat
Beyond Meat, Inc 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, convenience, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.
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