Beyond Meat (NASDAQ:BYND) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating. The average 1 year price objective among analysts that have covered the stock in the last year is $104.48.
BYND has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Beyond Meat in a research report on Tuesday, May 28th. They set a “hold” rating and a $85.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of Beyond Meat in a research report on Tuesday, May 28th. They set an “overweight” rating and a $97.00 target price for the company. Sanford C. Bernstein downgraded shares of Beyond Meat from an “outperform” rating to a “market perform” rating and set a $123.00 target price for the company. in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Credit Suisse Group boosted their target price on shares of Beyond Meat from $70.00 to $125.00 in a research report on Friday, June 7th. Finally, William Blair initiated coverage on shares of Beyond Meat in a research report on Tuesday, May 28th. They set a “market perform” rating for the company.
In other news, Director Raymond J. Lane acquired 29,442 shares of the business’s stock in a transaction on Monday, May 6th. The stock was bought at an average price of $25.00 per share, with a total value of $736,050.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dariush Ajami acquired 2,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was purchased at an average cost of $25.00 per share, with a total value of $50,000.00. The disclosure for this purchase can be found here.
Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings data on Thursday, June 6th. The company reported ($0.14) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). The company had revenue of $40.20 million for the quarter, compared to analyst estimates of $38.93 million. The company’s quarterly revenue was up 214.1% compared to the same quarter last year. Equities research analysts forecast that Beyond Meat will post -0.26 earnings per share for the current fiscal year.
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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