Beyond Meat (NASDAQ:BYND) Price Target Increased to $105.00 by Analysts at Jefferies Financial Group

Beyond Meat (NASDAQ:BYND) had its target price increased by Jefferies Financial Group from $85.00 to $105.00 in a research note issued to investors on Friday, June 7th, The Fly reports. They currently have a hold rating on the stock. The analysts noted that the move was a valuation call.

Several other research analysts have also recently weighed in on the stock. Sanford C. Bernstein initiated coverage on shares of Beyond Meat in a report on Monday, May 6th. They issued an outperform rating on the stock. Goldman Sachs Group initiated coverage on shares of Beyond Meat in a report on Monday, May 27th. They issued a neutral rating and a $67.00 price target on the stock. Consumer Edge initiated coverage on shares of Beyond Meat in a report on Monday, May 20th. They issued an equal weight rating and a $89.35 price target on the stock. Credit Suisse Group assumed coverage on shares of Beyond Meat in a report on Tuesday, May 28th. They issued a neutral rating and a $70.00 price target on the stock. Finally, Bank of America assumed coverage on shares of Beyond Meat in a research report on Tuesday, May 28th. They issued a neutral rating and a $85.00 target price for the company. Eight research analysts have rated the stock with a hold rating, Beyond Meat currently has an average rating of Hold and a consensus target price of $104.48.

Beyond Meat stock traded down $2.23 during trading on Friday, hitting $160.68. The stock had a trading volume of 7,303,318 shares, compared to its average volume of 11,264,814. The company’s 50 day moving average price is $115.47. Beyond Meat has a 1 year low of $45.00 and a 1 year high of $201.88.

Beyond Meat (NASDAQ:BYND) last issued its earnings results on Thursday, June 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.14). The business had revenue of $40.20 million for the quarter, compared to the consensus estimate of $38.93 million. Beyond Meat’s revenue for the quarter was up 214.1% on a year-over-year basis. Equities analysts anticipate that Beyond Meat will post -0.26 earnings per share for the current year.

In other Beyond Meat news, insider Dariush Ajami purchased 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond J. Lane purchased 29,442 shares of the business’s stock in a transaction on Monday, May 6th. The shares were acquired at an average price of $25.00 per share, with a total value of $736,050.00. The disclosure for this purchase can be found here.

Beyond Meat Company Profile

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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Analyst Recommendations for Beyond Meat (NASDAQ:BYND)

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