Shares of Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) have received an average rating of “Strong Sell” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $5.36.
Several brokerages recently weighed in on BYND. BMO Capital Markets decreased their price objective on Beyond Meat from $9.00 to $6.00 and set a “market perform” rating for the company in a report on Thursday, August 8th. Mizuho reduced their price objective on shares of Beyond Meat from $6.00 to $5.00 and set an “underperform” rating for the company in a research note on Monday, August 26th.
Read Our Latest Report on Beyond Meat
Hedge Funds Weigh In On Beyond Meat
Beyond Meat Stock Up 0.6 %
BYND opened at $6.63 on Thursday. The company’s 50-day moving average price is $6.28 and its two-hundred day moving average price is $6.70. Beyond Meat has a twelve month low of $5.13 and a twelve month high of $12.12. The stock has a market cap of $430.19 million, a price-to-earnings ratio of -1.28 and a beta of 2.26.
Beyond Meat (NASDAQ:BYND – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.02). The business had revenue of $93.19 million during the quarter, compared to analyst estimates of $87.81 million. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the business posted ($0.83) earnings per share. As a group, sell-side analysts anticipate that Beyond Meat will post -2.12 earnings per share for the current year.
Beyond Meat Company Profile
Beyond Meat, Inc, a plant-based meat company, 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 stores, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools.
Featured Articles
- Five stocks we like better than Beyond Meat
- How Investors Can Find the Best Cheap Dividend Stocks
- Whirlpool’s High Dividend Yield Is Too Good to Pass Up
- Do ETFs Pay Dividends? What You Need to Know
- Holiday Spending Boom Ahead: 3 BNPL Stocks Poised for Gains
- Consumer Staples Stocks, Explained
- Boeing: A Perfect Storm of Trouble Is a Loaded Buying Opportunity
Receive News & Ratings for Beyond Meat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beyond Meat and related companies with MarketBeat.com's FREE daily email newsletter.