Beyond Meat (BYND) Hits New 52-Week High at $105.25

Beyond Meat (NASDAQ:BYND) reached a new 52-week high during trading on Thursday . The company traded as high as $105.25 and last traded at $100.49, with a volume of 3283940 shares traded. The stock had previously closed at $97.50.

BYND has been the subject of a number of research analyst reports. Consumer Edge initiated coverage on shares of Beyond Meat in a research report on Monday, May 20th. They issued an “equal weight” rating and a $89.35 target price for the company. William Blair initiated coverage on shares of Beyond Meat in a research report on Tuesday. They issued a “market perform” rating for the company. Sanford C. Bernstein initiated coverage on shares of Beyond Meat in a research report on Monday, May 6th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Beyond Meat in a research report on Tuesday. They issued an “overweight” rating and a $97.00 target price for the company. Finally, Goldman Sachs Group initiated coverage on shares of Beyond Meat in a research report on Monday, May 27th. They issued a “neutral” rating and a $67.00 target price for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $82.23.

In other Beyond Meat news, Director Raymond J. Lane purchased 29,442 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $736,050.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Dariush Ajami purchased 2,000 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here.

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About Beyond Meat (NASDAQ:BYND)

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.

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