Shares of Beyond Meat, Inc. (NASDAQ:BYND – Get Free Report) have been given a consensus recommendation of “Strong Sell” by the nine research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.56.
A number of equities analysts have recently weighed in on BYND shares. The Goldman Sachs Group dropped their target price on Beyond Meat from $4.00 to $3.50 and set a “sell” rating on the stock in a report on Thursday, May 9th. BMO Capital Markets dropped their price objective on shares of Beyond Meat from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, May 9th. Canaccord Genuity Group cut their target price on shares of Beyond Meat from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, May 10th. TD Cowen lowered their price target on shares of Beyond Meat from $10.00 to $6.00 and set a “sell” rating on the stock in a report on Wednesday, April 17th. Finally, Mizuho dropped their price target on shares of Beyond Meat from $7.00 to $6.00 and set an “underperform” rating on the stock in a research note on Monday, April 22nd.
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Institutional Investors Weigh In On Beyond Meat
Beyond Meat Stock Performance
NASDAQ BYND opened at $6.28 on Friday. The firm’s 50 day moving average price is $6.82 and its two-hundred day moving average price is $7.21. The stock has a market cap of $407.51 million, a price-to-earnings ratio of -1.22 and a beta of 2.26. Beyond Meat has a twelve month low of $5.58 and a twelve month high of $17.24.
Beyond Meat (NASDAQ:BYND – Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.05). The firm had revenue of $75.60 million during the quarter, compared to analyst estimates of $75.24 million. The company’s quarterly revenue was down 18.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.92) EPS. On average, research analysts forecast that Beyond Meat will post -2.11 EPS for the current fiscal year.
About Beyond Meat
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.
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