Beyond Meat (NASDAQ:BYND) Receives $104.46 Average Price Target from Analysts

Shares of Beyond Meat (NASDAQ:BYND) have received an average rating of “Hold” from the twenty-two ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $99.27.

A number of equities research analysts have commented on the stock. UBS Group raised their target price on shares of Beyond Meat from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, February 28th. Credit Suisse Group decreased their target price on shares of Beyond Meat from $125.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, March 2nd. Sanford C. Bernstein increased their price objective on shares of Beyond Meat from $106.00 to $117.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Jefferies Financial Group cut their price objective on shares of Beyond Meat from $130.00 to $107.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Goldman Sachs Group lowered shares of Beyond Meat from a “neutral” rating to a “sell” rating and cut their price objective for the company from $129.00 to $39.00 in a report on Thursday.

In related news, Director Christopher Isaac Stone sold 5,000 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $96.00, for a total value of $480,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cari Soto sold 7,850 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $84.72, for a total transaction of $665,052.00. Following the completion of the transaction, the insider now directly owns 11,339 shares of the company’s stock, valued at $960,640.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,850 shares of company stock valued at $5,870,332.

Several hedge funds have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA grew its holdings in shares of Beyond Meat by 23.4% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 475 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Beyond Meat by 1.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 5,600 shares of the company’s stock valued at $423,000 after purchasing an additional 100 shares in the last quarter. Coastal Investment Advisors Inc. grew its holdings in shares of Beyond Meat by 45.5% in the fourth quarter. Coastal Investment Advisors Inc. now owns 480 shares of the company’s stock valued at $39,000 after purchasing an additional 150 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Beyond Meat by 37.8% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 551 shares of the company’s stock valued at $42,000 after purchasing an additional 151 shares in the last quarter. Finally, Institutional & Family Asset Management LLC grew its holdings in shares of Beyond Meat by 20,000.0% in the third quarter. Institutional & Family Asset Management LLC now owns 201 shares of the company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. 29.49% of the stock is owned by hedge funds and other institutional investors.

NASDAQ BYND traded down $1.90 on Monday, reaching $71.10. 7,949,740 shares of the stock were exchanged, compared to its average volume of 10,274,920. Beyond Meat has a one year low of $45.00 and a one year high of $239.71. The firm has a market capitalization of $4.17 billion and a PE ratio of -62.37. The company’s 50-day simple moving average is $95.40 and its two-hundred day simple moving average is $102.36. The company has a current ratio of 8.46, a quick ratio of 6.75 and a debt-to-equity ratio of 0.05.

Beyond Meat (NASDAQ:BYND) last released its earnings results on Thursday, February 27th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Beyond Meat had a positive return on equity of 1.31% and a negative net margin of 4.18%. The firm had revenue of $98.50 million for the quarter, compared to the consensus estimate of $81.52 million. The business’s revenue for the quarter was up 212.7% on a year-over-year basis. Sell-side analysts forecast that Beyond Meat will post 0.26 earnings per share for the current fiscal year.

About Beyond Meat

Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.

Featured Story: Understanding debt-to-equity ratio in fundamental analysis

Analyst Recommendations for Beyond Meat (NASDAQ:BYND)

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.