Beyond Meat (NASDAQ:BYND – Get Free Report)‘s stock had its “neutral” rating reiterated by investment analysts at BTIG Research in a report issued on Tuesday,Benzinga reports.
Other research analysts have also recently issued research reports about the company. BMO Capital Markets decreased their target price on Beyond Meat from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Thursday, August 14th. Argus cut Beyond Meat from a “hold” rating to a “sell” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. assumed coverage on Beyond Meat in a research report on Wednesday, August 20th. They issued an “underweight” rating on the stock. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $3.00.
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Beyond Meat Stock Performance
Shares of NASDAQ BYND opened at $2.31 on Tuesday. Beyond Meat has a 52 week low of $1.23 and a 52 week high of $6.83. The stock has a market capitalization of $177.29 million, a P/E ratio of -1.06 and a beta of 2.33. The stock’s fifty day moving average is $2.71 and its 200 day moving average is $2.95.
Beyond Meat (NASDAQ:BYND – Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.06). The company had revenue of $74.96 million during the quarter, compared to the consensus estimate of $85.71 million. During the same quarter in the prior year, the firm earned ($0.53) EPS. The business’s revenue for the quarter was down 19.5% compared to the same quarter last year. Equities research analysts forecast that Beyond Meat will post -2.1 earnings per share for the current year.
Institutional Trading of Beyond Meat
A number of hedge funds have recently made changes to their positions in BYND. Ameriprise Financial Inc. acquired a new stake in shares of Beyond Meat during the fourth quarter valued at about $39,000. Deutsche Bank AG boosted its stake in shares of Beyond Meat by 58.8% during the fourth quarter. Deutsche Bank AG now owns 53,227 shares of the company’s stock valued at $200,000 after purchasing an additional 19,708 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Beyond Meat by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 16,825 shares of the company’s stock valued at $63,000 after purchasing an additional 5,537 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Beyond Meat by 80.3% during the first quarter. Farther Finance Advisors LLC now owns 202,735 shares of the company’s stock valued at $622,000 after purchasing an additional 90,270 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Beyond Meat by 5,060.0% during the first quarter. SG Americas Securities LLC now owns 1,187,011 shares of the company’s stock valued at $3,620,000 after purchasing an additional 1,164,007 shares in the last quarter. 52.48% of the stock is owned by institutional investors and hedge funds.
About Beyond Meat
(Get Free Report)
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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