Beyond Meat (NASDAQ:BYND) Receiving Somewhat Positive Press Coverage, Analysis Finds

Headlines about Beyond Meat (NASDAQ:BYND) have trended somewhat positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Beyond Meat earned a media sentiment score of 1.13 on their scale. InfoTrie also assigned media stories about the company an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have impacted Beyond Meat’s score:

Shares of Beyond Meat stock traded down $16.49 during trading on Friday, reaching $89.65. The company’s stock had a trading volume of 13,206,644 shares, compared to its average volume of 12,413,380. The company has a quick ratio of 6.38, a current ratio of 7.46 and a debt-to-equity ratio of 0.06. Beyond Meat has a 12-month low of $45.00 and a 12-month high of $239.71. The business has a 50 day moving average price of $113.61 and a 200-day moving average price of $113.05.

Beyond Meat (NASDAQ:BYND) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). Beyond Meat had a negative net margin of 8.42% and a negative return on equity of 5.92%. The business had revenue of $98.50 million during the quarter, compared to analysts’ expectations of $81.52 million. The business’s revenue was up 212.7% compared to the same quarter last year. On average, sell-side analysts predict that Beyond Meat will post -0.2 EPS for the current fiscal year.

Several brokerages have recently weighed in on BYND. UBS Group raised their target price on Beyond Meat from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday. BNP Paribas dropped their price target on Beyond Meat from $70.00 to $50.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 20th. Oppenheimer began coverage on Beyond Meat in a research note on Monday, December 2nd. They set a “market perform” rating on the stock. Credit Suisse Group raised their price target on Beyond Meat from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. downgraded Beyond Meat from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $138.00 to $134.00 in a research note on Tuesday, January 28th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $112.20.

In related news, insider Charles Muth sold 8,000 shares of Beyond Meat stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $111.28, for a total value of $890,240.00. Following the sale, the insider now directly owns 214,688 shares in the company, valued at $23,890,480.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 20,046 shares of company stock worth $2,135,130.

About Beyond Meat

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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